A progressive, South West based accountancy practice

Cheap isn’t always best

Steve was asked by two new clients this week if there was anything they could do to reduce their corporation tax bill. Their previous accountant charged them £450 and “just filed our figures” according to them. Steve and Andy spent some time with them looking at their £300,000 of debtors. As it turns out, over £100,000 was written off in the month after the year end. They were about to pay over £20,000 of tax on income they never received. Other items overlooked added another saving, so they are now paying less than 15% of the original liability.