Many Congratulations!
To Sir Fix A Lock Ltd for their runner up spot in the Corporate Social Responsibility category, as part of the Plymouth Herald Business Awards . To Toby Moore of TJZ Building Contractors Ltd. who completed the London Marathon in 4 hours 16 mins. His fundraising so far has raised £1,463 for Whizz Kidz To Kelly Palmer from The Wedding Company who had a baby last week!
We know that cash flow is important to you
After a client’s existing bank rejected their proposals for additional funding, Andy helped them through the application process with another bank. This helped them to achieve a 33% increase in their business overdraft facility.
Investing in People
We will be welcoming a Polish foreign exchange student into the office in May. We are looking forward to working with Monika during her time with us.
Taxability Checklist
We regularly meet up with our clients to work through our 70 question ‘Taxability’ checklist. This ensures that their business & personal affairs are as tax efficient as possible. Please contact us to book your appointment now
Team fun!
Some pictorial evidence of a bunch of accountants (what’s that called?!) and some non – accountants having fun at the Bowling Alley. A great evening was had by all, with not a hint of competition between any of the team here at Numbers … (jokes) It was nothing but a bonding experience! Andy and Steve were neck and neck until the very end. Who do you think was the winner? No cup was awarded though!
Making lives better
Steve was privileged to help two clients on their journey to “better”. The first is a long standing client who is approaching retirement. We have been able to forecast his tax bills over the next two years, so he can budget in confidence for his retirement. We also provided him with a “sensitivity analysis”, so he knows how his tax will change if certain decisions are taken. The second client wants to purchase a commercial property in Plymouth, and needed some management accounts for his chosen funder. His current accountant hadn’t returned his calls in weeks. We were able to produce a set of management accounts, to the dates requested by the funder within a week.
New clients
This week we welcome Jaki, Jon and Iain as new clients.
On a personal note…
Yesterday, Emily’s young farmers club held a charity Big Breakfast which helped raise £711.00 towards their chosen charity of Cornwall Hospice Care.
Budget 2014
With many forecasters predicting a quiet budget, you would think there’s not much to report. Think again. There is a vast amount of change incorporated. This blog sets out the main changes, and some of the points for action that SMEs may want to consider…. General taxation 1.1 Tax thresholds The tax free threshold rises to £10,000, with a further increase to £10,500 in April 2015. The NIC threshold for both employee and employer contributions increases to £153 per week (£663 per month or £7,956 per annum) Action: If you have adopted the traditional low salary/ dividend reward structure you’ll need to adjust the amounts to keep to the most efficient split. 1.2 Savings rate From 2015, the Chancellor has abolished the 10% rate for the first £2,880 of savings income, has made it tax free. He has also extended the band to £5,000. From April 2015, company owners may…
George’s Marvellous (?) Medicine
Introduction George Osborne has just delivered his last Budget speech before the election. As it stands, the election is too close to call, so who knows if he’ll get another opportunity. This was a highly political budget, but included a huge number of changes. I’ll attempt to summarise those changes, and list some action points. Overview The budget has been delivered against a background of higher growth, and lower inflation. This has given the Chancellor a large degree of room for manoeuvre. He has used this to announce a wide range of changes, while continuing to reduce the expected deficit. He now expects to return to a surplus in 2018/19, meaning the national debt will eventually start to fall then. These figures have been based on reasonable growth forecasts of an average of 2.4% per annum over the next Parliament. Changes affecting individuals Income tax The increase in the personal…