Haulage Contractor approaching retirement.

Our client was selling his yard, plant and premises due to retirement. There was a £160k gain involved, but the client feared a 40% slice would be taken by the taxman. However, by utilising the appropriate reliefs in his case, we reduced the chargeable gain to £NIL.

Subcontractor status dispute

After a routine visit by HMRC in order to inspect his payroll records, our client received a National Insurance demand for £18k. The tax man had attempted to reclassify our client's sub-contractors as employees. However when we enlightened HMRC with the full facts and the self-employed contracts which were already in place, they decided to back down and withdraw their demand.

Restauranteur and VAT

Our new client, thinking she would save in accountancy fees, decided to complete her own VAT returns. When we checked her first return and spotted two errors, it resulted in a £3k VAT repayment to our client. We didn't even charge her for checking it, instead we gave her one to one tuition in book-keeping, so she won't make those errors again!

Estate agent starts to click!

After suggesting to one of our clients to embrace e-commerce and develop a website she was able to close her shop and trade from home. The overhead savings were enormous, her profits have doubled and her business is expanding nicely.

Directors...paying too much tax?

We continually review the methods of income withdrawal by directors from their companies. In doing so, those directors can rest assured that they pay as little personal tax and National Insurance as legally possible.

Correct those mistakes of the past

Upon reviewing a client's tax return, completed by our predecessor, we noted two technical errors. We notified the Inland Revenue and those errors were subsequently corrected resulting in £7,000 income tax repayment to our client...now an extremely grateful client!

Share and share alike...

One of our clients was keen to realise a substantial gain upon his shares within an IT company. However as they were held outside his ISA, he feared that a 40% slice of his gain would be pocketed by the tax man. However when he took our advice and transferred half of his shares to his wife and sold them on either side of 5th April, he saved £10,000 capital gains tax in the process.

Looking for direction?

An IT company was a victim of its own success...a classic case of over expansion without adequate funding and control. Growth wasn't managed efficiently and the company had no sense of direction. We were instructed to install a financial management system and help develop a new management structure. Our business plan set a far more realistic target and gave the company direction. The directors soon realised that steady, carefully managed growth is far better than uncontrolled expansion. What pleased us most, was that the directors appointed us as management consultants in preference to their own auditors, and continue to do so.