I want to discuss getting the most from your Accountant.

You may agree that Accountants should be regarded as a business investment helping you to achieve results over a period of time.✔

Looking at your pains and problems with you and helping find solutions 💡

Of course regular Management Accounts are key to this which can help define KPI’S and encourage greater business decisions.

Or, you may be looking for a potential business exit and looking to shape your business into a saleable unit over 3-5 years.

Yes, you can still pay for a business coach AND an Accountant, but why?
We advise around your numbers 🔍After all, we are in the numbers game and can interpret these for you to act upon now.

We can help you with all this, including looking after your Accounts and Taxes, for less than the cost of you employing a junior clerk❕

Interested in having a chat?

📢 Book your discovery call through the link in the comment section.

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It’s difficult for numbers to tell a story. Yes, they may tell you if a business has made money historically but there are so many contributing factors to get to that point. How does a business owner interpret this information beneficially?

How can we possibly turn these end-of-year totals into a beginning, middle and end? There is no commentary, no discussions, no interpretation, no nothing. You can't tell a story can you? 🤔

And you can't make that real connection with numbers because they are… just numbers. 🤷‍♂️

Without that connection, there’s no room for ideas, ingenuity, or brainstorming, you miss opportunities due to conforming everything to a narrow field of view for no other reason than ‘something that has to be done each year’ and you grudgingly pay that monthly nominal fee.

But this isn't how it should be, in our opinion. It shouldn't be about ‘a year end figure’ and instantaneously forgotten. It should be about providing a service for the now, in real time, sharing stories, and providing a sound board. 💡

Going on a journey with a team that you are Accountable to. A team that shows up and is proud to be part of your business story.

Come and be accountable to us. Book your discovery call through the link in the comment section.

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i joined a local health program last year to get fitter and, as a bonus, lose a bit of weight after many unsuccessful attempts. I am weighed weekly by my program fitness coach in front of the class. 😮

By taking regular exercise and making better food choices, to my delight, over a period of weeks, it worked and is still working 12 months on!

But why did it work this time after so many attempts to get fitter in the past?

The difference is that I am accountable to my fitness coach for my own health and also I don’t want to let my classmates down!

I similarly see success happen when business owners are prepared to be accountable to me for their actions in trying to build a better business over a period of years.

Do you have any stories to share about how being accountable to someone outside of the business has worked for you?

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We would like to thank all of our clients and followers for their support over 2023.

We hope that 2024 is a prosperous one and look forward to continuing to help entrepreneurs make their business goals a reality by providing an Accountable solution.

We would like to wish all our connections a Merry Christmas and a Happy New Year!

Main takeaways for directors

👉 The National Insurance main employee rate will be cut from 12% to 10% starting from 6th January 2024;

👉 Minimum wage will be upped to £11.44 per hour (from £10.42) starting in April 2024;

👉 Corporation tax relief - Qualifying asset spending will continue to qualify for a 100% first-year allowance for main rate assets, and a 50% first-year allowance for special rate (including long life) assets.

Cars, assets for leasing and second-hand assets will continue to be excluded from the 100% and 50% first-year allowances

👉 A merger of R&D tax reliefs with the aim to simplify the scheme

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Buying gifts for your clients is classed as entertaining and as a general rule any entertaining expenses are not tax deductible.

There are some small exceptions to this rule however. For example if you are gifting an item (not food or alcohol) and it has your logo on it, and is up to the value of £50, then it will be tax deductible.

Treating your staff this Christmas? ✨

You can give your employees a tax-free gift of up to £50 as long as it;
➡ isn’t cash or a cash voucher;
➡ Isn't a reward for performance at work;
➡ Isn't in the terms of their contract

This is called a ‘trivial benefit’ which if qualifies, you will be saving tax at the employee rate and national insurance at 13.8%.

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