Brendan’s Blog

Tax returns – done!

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So, with all our clients’ Tax Returns now filed, we’re out of purdah and can at last get back to doing what we do best: helping our clients to make more money. If you haven’t seen a copy of our little book: “Profits Up, Taxes Down: 15 ways to put more cash in your pocket,” then why not get a free copy by registering here? It won’t take very long to…

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A new book!

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OK.  It’s done. Today sees the release of my first book: “Profits Up, Taxes Down.  15 ways to put more cash into your pocket.” If you want to download a copy just go to the “Books” tab on this site. Or click here to request your FREE copy I hope you find it useful and it contributes to a more prosperous New Year!

Builder rescued from VAT inspector!

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A new client – a small builder – came to us this month with serious worries….. He had just totted up his turnover and, because of a couple of exceptional contracts, found that he had exceeded the VAT registration threshold back in February.  This meant he could owe over £7,000 to the VAT man and face the prospect of another £2,000+ in penalties! But a review of his subsequent sales…

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We have just helped a garage proprietor to raise £60,000 for a project

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If you are looking for some loan capital to expand your operations, don’t worry if your bank doesn’t currently want to play ball.  Internet-based ‘crowd funding’ is now changing the dynamics of institutional lending to small businesses. Operations such as “Funding Circle” will bring lenders and borrowers into direct contact with each other. After assessing the risk of a particular project they will invite groups of lenders to take a…

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Dave the Roofer

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Thanks to all of you who attended my recent presentation of “Dave the Roofer” – the case study of a small contractor who transforms his business by working with us.  Your feedback was very positive and I was pleased to see some of you leave with confidence that those lessons could help you, too, to “put £2m into your pocket.” I am hoping to develop the themes of this presentation…

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Profits are the Consequence of the Actions You Take

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That’s the mantra for this year. Congratulations to a client of ours (who’d prefer to remain anonymous) who has increased the profits of his one-man engineering consultancy by a staggering £28k (41%) this year. He is working no harder than before – and hasn’t won any significant new customers – but has simply increased his prices to reflect the value that he can see he brings to his clients. In…

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Great work by Barry Spokes, our tax manager

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A client asked us to review the Inheritance Tax aspects of a case where she was helping a friend to deal with the probate of her sister’s Will. The case was a little more complicated than she had thought and there was a sizeable sum of Inheritance Tax to pay… Barry quickly identified that there was a claim to be made for the unused IHT allowance from her late spouse resulting…

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Tax relief on investment in R&D

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I’ve banged on in the past about the generous tax reliefs available for companies which invest in Research & Development. And never forget that those breaks can apply to all sorts of everyday research we do – not just cutting edge scientific work. But the new “Patent Box” initiative is also worth a look. It is going to offer a 10% tax rate on all profits which derive from new patents…

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Ignore your pension at your peril

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Pensions have had a lousy press in recent years but we all need to think HARD about how we’re going to provide for ourselves in our retirements. No-one else is going to provide generously for us – and so we need to look to ourselves to make proper provision. Please never forget that contributions into a private pension scheme still provide a fantastic opportunity for us to invest for the…

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Oh dear. Today sees the start of RTI.

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“Real Time Information” is going to complicate the operation of PAYE for all employers – and to complicate it horribly for some.  Even HMRC admit that they’ve no idea how many farmers are going to cope. Thank goodness we’ve got Val Heslop to steer us through the minefield and take that worry off our hands!