A progressive, South West based accountancy practice


Mike and Steve

This week we are featuring Mike and Steve. Read on to see how they are ‘Making Lives Better’ (and get in touch if you think we could do the same for you!).


Mike completed some late accounts for a new client – they were thrilled that there was no tax to pay. and an estimated £1,300 to come back in R&D relief.

He also used the timing of the personal tax year for another client to counteract any tax due on dividends taken – this saved them £405 personally.


This couple has been clients of ours for many years. Due to careful management they had built up a sizeable cash pot and wanted to find a way to extract it without a huge tax cost. Steve identified a way in which the £90,000 can be put into their bank account at a tax rate of less than 7.5%.

Another couple are approaching their mortgage renewal date. Steve met with them and demonstrated how much better off they would be under various scenarios, meaning they can now approach this big decision with confidence.

Yet another couple has a successful start-up business. Steve took them through the advantages and disadvantages of limited company status, and calculated the point at which they would start to save tax. They can now plan for the future, knowing which structure is best for them, and the trigger point at which the limited company structure becomes viable.

The founders of one of our longest standing clients are looking to hand on their business to their son. Steve ran through their questions and explained how this can be made affordable for the son, without putting the founders into poverty for the rest of their lives.

Finally, Steve identified a way in which a family company can save £3,800 in Corporation Tax, simply by flexing the way in which they reward themselves. As part of that, he has delivered a further £5,000 of tax free income to the business owner.

House move

Becca received the keys to her house this week – and she’s over the moon.

Now she and her partner will spend all their spare time ripping out fireplaces, kitchens, and decorating! She’ll likely come to work for a rest – phew!

More exam success

Rachael gained a mark of 90% on her penultimate assignment for this year. She has now submitted her final assignment and is enjoying life with less pressure and deadlines!

Three more modules to go until graduation … there’s light at the end of the tunnel!


Becca recently visited one of our newer clients to train them how to use Xero to reconcile a PayPal account using the add-on ‘Expandly’. This add-on collates all Amazon and eBay sales in one place, so they can be imported to Xero. We think it’s pretty nifty! Becca also created some bank rules for them within Xero.
The client was really worried that it would take her hours and hours a day – time that she doesn’t have. Becca was able to show her that with just a couple clicks of a button everything could be reconciled to the standard that we needed to do the accounts. This would actually save her an hour a day, so she was extremely pleased … to say the least!


Congratulations to our apprentice, Sydney, who was awarded ‘Team Member of the Year’ at our recent Team Vision Day – voted by the team throughout the year. She has had a difficult year, and has shown great resilience and dedication to Numbers … which was rewarded by the recognition she received on Friday.

Look out for pictures of the event!

Tree hugging at Numbers

Sydney has taken a little time out of her week to cut down the number of clients that have their payslips posted out to them. By reducing the amount of paper we use, we are doing our bit – although in a small way – to save the environment.

Sydney feels good that she is doing the right thing. She says: “It’s only minimal, but every little helps!!”

Sydney says:

“With Steve’s help, we identified that a business director was not receiving any dividends and was also below his personal allowance, so we voted a £5,200 dividend for him.

This was tax free, so he hasn’t been taxed anymore on his tax return, and also he is going to receive a tax refund of £2,398.00!!! So, in a nutshell – An extra £5,200 tax free income and another £2,398 from the HMRC as a refund, total = £7,598.”

How would YOU spend this extra cash?
If you’d like to explore how we can save you money, give us a call on (Plymouth area office) 01752 226084 or (Exeter area office) 01392 537472, and pop in for a coffee and a chat.

Tax return information

Sydney has started sending out tax returns! Please send in any information that we request of you so that there will is no massive rush in January – and you don’t get a fine from HMRC!!

New town, same ethos

Last week we officially launched our Exeter office. 30 business leaders attended our formal event at the Exeter Golf and Country Club and everyone rated the event as very good or excellent. Every topic we covered was considered helpful to our attendees, with many booking follow up sessions. “Making Lives Better in Exeter felt great”, Steve concluded.

Battling HMRC

Two clients have been embroiled in long-standing disputes with HMRC. In both cases, HMRC have refused to accept client figures, but will not provide definitive lists of information they need to settle the cases. Last week, Steve met with both clients (1 in person, 1 by telephone), to initiate the next stage in our attempt to close down these issues. Sometimes, ‘Making Lives Better’ means fighting for the “Davids” of this world against the “Goliath” that is HMRC!