AW Accountant in Kent

Why you should have an accountant and how to choose one

As new research from business software and services provider Sage shows that

accountants are now seen as the most trusted source of business advice

for UK firms, we consider why you should have an accountant and how to choose one.

A qualified accountant is an experienced professional read more

Pre tax year end planning

This post comes as a result of looking at a couple of potential clients and checking whether they have considered a number of areas which will impact on their 2009/10 tax, particularly in respect of small limited companies:

1. Is the shareholding in the company arranged in the most tax efficient way? read more

Thinking of going Limited?

My finance presentation to Mumpreneurs, in association with Buss Murton solicitors, highlighted the interest there is in the possibility of going limited.  While many small businesses have started off as sole traders they have evolved and grown to the extent that they should be considering whether this is the best structure for them.  I have recently been approached by a prospective client turning over £500k+ read more

Twitter Tax Advice week 2010-01-25

• Interesting places to sign a #tax return. Changing room of Bough Beech SC. First for me and my client. #
• Another tax return drafted, maybe 2 Ltd accounts for Dec 09 completed next week. 8 months notice for corp tax payments.http://bit.ly/5iprxB #
• Reported back on pre year end meeting, tax planning and possibly new company structure for client. Lots of #tax savings possible #
• RT @trevorspink: Feeling bouyant after sacking our most troublesome client, should have done it much sooner! //Something here for everyone #
• Very impressed with #southeastern HS1, St Pancras to my front door in Istead Rise in 45 mins #
• Meeting client for pre year end planning, good opportunity to save #tax # read more

How should I set up sole trader or company?

So you are thinking about setting up your own company or wondering whether you are trading through the best sort of company.  There are basically three types of company you can trade through and they all have their pro’s and cons.

Sole trader

This is the simplest way to work for yourself and there has been much discussion in recent months about people reverting back to sole trader status, or setting up as a sole trader in preference due to increasing company tax rates of which more later.  read more

Twitter Weekly Updates for 2009-12-13

• RT @BookMarkLee: RT @louhowells: @alexholyroar Twitter dos and don’ts in Taxation mag http://bit.ly/4xwCJ2- all professionals should read #
• Widening plans for A21 between Tonbridge and Pembury http://bit.ly/4paHOp – Been talking about it since I was at school!! #
• @JonnieJensen In all seriousness I hope you get it sorted out quick, nothing like a family crisis to remind you who the important ones are in reply to JonnieJensen #
• @JonnieJensen £350 sounds cheap for a new wife in reply to JonnieJensen #
• Testimonial for the website and another business to deal with from the same client. #
• Off to see some clients and deliver some Christmas cards. Good PR trip #
• @charmermark They are doing some great work, I chatted with Marianne and the others when I taught them on ITQ course in London in reply to charmermark #
• Advising client regarding underpaid tax due to wrong tax code being applied by previous employer #
• HMRC Business Payments Support Service approves 220k tax payment plans rejects only 6k http://ow.ly/IH2x #
• Waiting with interest government £200 boiler scheme criteria, we may be able to benefit. #
• 1st secondary school parents evening, daughter doing really well, excellent reports. Obviously gets it from her parents. #
• RT @Generic_JamminRT @RogerHighfieldUK science budget cut by £600million – A dark, dark day for British science http://bit.ly/8DoOMk#pbr09 #
• #PBR09 A summary of the Pre Budget Report is now available on the blog page of my new website. Check out http://bit.ly/8vRX01 #
• A summary of the Pre Budget Report is now available on the blog page of my new website. Check out http://bit.ly/8vRX01 #
• #PBR09 IHT threshold to remain at £325k next year (was going up to £350k) #
• #PBR09 Banker bashing – banks will be charged a one off levy of 50% on bonuses over 25k – expected to raise £0.5billlion #
• #PBR09 “Fair” tax increased will repay the debt #
• #PBR09 Growth rates expected to be (as previously forecast) 1.5% 2010, 3.5% 2011/12 #
• #PBR09 Child and disability benefits to incr by 2.5% too #
• #PBR Basic state pension increase by 2.5% (in time of negative inflation) #
• #PBR under 24s unemployed for 6 months will receive guaranteed training and more support for over 50s #
• #PBR Small co corporation tax rate stays same #
• #PBR Empty commercial property relief continues #
• #PBR Confirms VAT will increase to 17.5% from 1 Jan, no other changes planned for VAT #
• #PBR UK economy to start growing by turn of the year #
• Advised client on UK residency for self and company #
• Electricity meter man here, will be down for 15 minutes, just enough time to boil the kettle first! Back soon #
• Pre budget report will affect everyone, will Tweet details. Electricity meter being changed today no doubt at same time as speech! #
• Dormant company accounts and Annual Return completed for a client wanting to retain a business name at Companies House #
• Emailed pdfs to client in France lost their content, so much for electronic communication. Ideas anyone? #
• Under new Companies Act you have to advise Co House which country you live in and log the date of the change – more bureaucracy! #
• @sbartholomew Look forward to having a face2face chat at next #tuttle. Thanks for the offer of passing my details on. in reply to sbartholomew #
• @sbartholomew And finally good for me as I can keep busy throughout year! Anyone looking for accounts or tax returns pls call now! in reply to sbartholomew #
• @sbartholomew Also can be useful for #tax planning as you are not restricted by accounts and personal tax having same year end in reply to sbartholomew #
• @sbartholomew Dec year end good if business works in calendar years ie started Jan or seasonal business (farming). Works best for Ltd cos in reply to sbartholomew #
• ..then potential client with an interesting history at Companies House, late returns and accounts – needs someone on their case, is it me?? #
• Visiting client with Dec 09 year end to have a look at accounts so far and see if any tax planning poss #
• Good to meet @fellowcreative @davidbahai @becomeknown @kentpictures and others at #Tuttle 101. A pity my sch tweet on Hootsuite #fail ed #
• @fellowcreative Just about on my way to #Tuttle.101 9:30am http://bit.ly/69GxYL in reply to fellowcreative #