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.
Steve met another potential client last week, who trade as a partnership. Taking the very simple step of incorporating their business would save them £2,000 a year. Their modest living style can be funded at a very low tax cost, and we can provide all the documentation needed.
Massive congratulations to our clients Gavin, Becky, Paul and Christian from Elixel, who won the Micro Business of the Year award in the WMN 2017 business awards!
Steve and Andy have shown two clients how to get their employees involved in the ownership of their business, without incurring significant tax and NIC bills. Using an HMRC approved scheme, these key individuals can now build some wealth for themselves and their families.
At a breakfast event recently, Steve chatted to a new business with a unique product. Unfortunately, they have run out of money, but want to expand their range. Steve was able to point them towards R&D tax credits as a good way to claim some cash to ‘pump prime’ the next stage of their development.
Sharon is a lovely person, always trying to help people. Unfortunately, this has led her business into difficulty. She spent two hours with Steve, and by the end of it, had a renewed focus on what was best for her and her husband. She can still help people, but knows how to help herself better too!
A HUGE welcome to James, who has joined our accounts team. James is a very pleasant and smart guy – and we are really look forward to working with him!
This is our new wall art. One of the team – Lois – won our competition to decorate a newly painted wall with this Paul Simon quote.
We love it because it says what we do at Numbers – we turn facts into something useful for our clients. Being creative is our passion.
A few of you may know that our loyal team member, Priscilla, who has supported us as a company for 16 years, has now retired. We will miss her expertise, team spirit, and gentle manner so much – she has been an absolute JOY to have work alongside us! Although she has retired from paid work, I think she has a few home projects up her sleeve, and I can’t imagine that she will be idle for one moment!
We wish Priscilla the best that life can offer.
We are delighted to welcome Lucy on board – who will pick up where Priscilla has left off.
Lucy is a very pleasant and capable individual, and we are really looking forward to getting to know her better! Pop in and say hello if you’re passing – there’s always coffee in the pot 😉