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How we reduced a client’s potential tax liability from £850k to just £35k

Client X has been a client of ours for years. In 2018, as a result of a large payout over a patented product, they had an extremely good year which resulted in profit of £4.65m and taxable profits of £4.5m.  Client X is a specialist [...]

How to predict your future tax bill so you can plan your cash ahead of time 

One of the hardest parts of owning a business is not knowing how much you will earn in the future.  There is no promise of a steady paycheck, no added holiday or sick pay, and you have to balance both your business and household budget [...]

What do I do about my bounce back loan when we come out of lockdown? 

Now that a return to ‘normal’ is looking possible, we are talking to our clients about what happens next for businesses as they come out of lockdown. Many of you will have thought a lot about the future as a result of the last year, [...]

Want to stop hoarding receipts for your Accountant? Check out Dext Prepare (formally Receipt Bank)

Those who are familiar with the way we work will know we highly recommend ReceiptBank for every business. Well, ReceiptBank has now rebranded as Dext Prepare, so we want to catch up with any new changes to the software, and talk about how it works [...]

Making Tax Digital is coming soon. Here’s why that’s actually a good thing!

I know what you’re thinking. It's coming too fast. The systems won’t cope. HMRC will get it all wrong. And you know what? You might be right. But these issues aside, Making Tax Digital could be the best thing to happen in years. And in [...]

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