A progressive, South West based accountancy practice


On the way to realising their goal

We’ve recently reviewed the income streams of a new client and having run through a full tax diagnostic for the family we have identified annual savings in excess of £5,700. That goes a long way towards the family goal of saving £500 a month to overpay their mortgage. 

Do you have any personal goals you’d like to achieve? We might be able to help – come share them with us over a coffee.

Family owned business

Last year we reorganised the shareholdings within a family owned business. The outcome? £8,700 less income tax payable to HMRC this month.

Have you reviewed the ownership of your business within your family? If not, get in touch.

Retain key team members

In 2018 we helped a local business to set up a tax efficient share option scheme for its key employees. As the business smashed its targets, we had the pleasure of being able to issue shares valued at £7,500 for only £30. 

If you’re looking to tie key employees into your business share options are a great incentive. Get in touch if you’d like a chat about the options available to you.

Fifteen minutes of fame!

Andy’s contributions were in the AAT’s quarterly magazine (and in last quarters too!). Here’s the cover of the article. Signed copies are available through his agent…..

Do you have a client who won’t pay?

Becca saved our client £61,187.96 in VAT this quarter by changing them from the accrual to cash VAT scheme. This meant that the VAT charged on their client – who is no longer in business and wouldn’t pay – which normally wouldn’t be claimed for 6 months with bad debt relief, came in early!

Avoiding mistakes

Sometimes you save money by not doing (the wrong) things. Steve met with a lady who has been appointed a trustee of her mother’s new trust. She needed guidance on who were the beneficiaries, so she could avoid making payments to the wrong people and incurring personal liability for her mistakes.

Steve was able to explain the difference between trustees and beneficiaries, so now she can manage the trust with confidence.

Keeping the wolves from your door

Steve helped a client to negotiate an affordable payment plan for their tax debts. This allows the business to protect 25 jobs and invest in their future.

If you are struggling with debts, we may be able to help you buy some time to implement a recovery plan. We can help you identify your options, and introduce you to the licensed practitioners you need to keep the wolves from your door.

Everything’s taken care of …

Having relocated to the South West, a couple needed a local accountant who could provide an overview of their finances and help them maintain their lifestyle. We were thrilled that they came to us!

If you’d like an overview, or just want to know that “everything’s taken care of”, we can give that assurance.


Property transfer

We have acted for a long time for a family who own the premises from which their business trades. Last year, Steve advised them to transfer the property from the older generation to the younger one to better reflect the reality of their trading arrangements, and the provisions of the older persons’ wills. The result is a tax refund for the father of £701.38 and annual savings of over £1,500 in future.

Share schemes

Andy noticed that the earnings a client was making from his pension nearly brought him into the higher rate band, however, due to his wife’s lower income Andy discussed changing their share scheme so she would take the larger portion of shares. (81 – 19)

This allowed the couple to withdraw a higher income by way of dividends from the company and make an approximate tax saving of £1,750 as a couple. And this is likely to repeat every year. Result!

Music lovers?

If you enjoy music, but don’t enjoy being put on hold by HMRC and listening to the interminably repetitive tune that is played out, let us take the strain for you. It hasn’t really sent us all mad here … well, maybe just a bit!