Posts made in August, 2022

RLS is an initiative by the UK government to shelter businesses affected by the Covid-19 pandemic. However, these recovery schemes are not for everyone; business owners must meet certain requirements to be eligible. A tax accountant in Leatherhead is in a position to guide you through the process of attaining these loans. It’s imperative to note that the money you receive from RLS has to be used for business purposes like cash flows and investments. Depending on the requirements met, a business owner can get a maximum of £2 million and £6 million for a group.

The timeframe for paying back RLS depends on the type of loan you’re receiving. If you’re going for term loan and asset finance, the paying back period is between three months to six years. On the other hand, if you’re going for overdrafts and invoice finance, the paying back period is three months to three years. Moreover, the type of finance facilities available for RLS includes; term loans, invoice finance, asset finance, and overdrafts, among others. A tax accountant in Leatherhead can help business owners get RLS to shelter their businesses.

David Beckman & Co Ltd offers the best-chartered tax advisors and accountants to go for when you want help getting RLS. The experts know what types of businesses are eligible for these loans, plus all their terms and conditions. These experts understand how the business should represent themselves to have the best chance of getting a loan. With these experts on board, a business subject to eligibility and affordability requirements can avail itself of more than just one type of finance facility available. The chartered accountants can also advise you accordingly on whether getting these loans is right for your business. When you have questions concerning RLS, it’s imperative to talk to a tax accountant in Leatherhead. Contact these experts at 01737 844 322 for further assistance.

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Negligible value refers to assets that have become worthless over time in possession of an individual. The assets must have had value when you got them and depreciated over time in your possession. When this occurs, it’s imperative you consult an accountant in Epsom. The expert will make the necessary sets to seek negligible value claims on your behalf. This process is quite confusing and challenging, particularly when you have zero ideas on how to start. Talking to a knowledgeable expert is the right step towards the right direction.

The accountant will help show the HMRC that your acquired assets no longer have value – if found true, it’ll reduce the capital tax gains liability. You can write to HMRC or put a negligible value on your tax returns. Either way, the HMRC will then ask the shares and assets team to consider your claim. An excellent accountant in Epsom may help you plan and prepare you on how to navigate this process efficiently. He’ll advise you on the correct steps to take to ensure you get your negligible value claim.

David Beckman Co Ltd has chartered accountants you can rely on when you want to prepare your negligible claims. Whether you’re seeking claims for company shares and security or previously quoted companies, they’re the best source to seek more information about negligible asset claims. Moreover, an accountant in Epsom may go through the negligence value agreement list with you. The best thing about these experts that make them stand out from the rest is they have continuous training to ensure they’re up to par with the changes in tax rules that keep on happening. When you wish to have tax preparation or tax planning services, reach out to these experts at 01737 844 322. The experts are always happy to assist.

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All businesses operate with the intention of providing quality service while reducing operational costs to increase profits. Essentially, profits help the business pay bills and ensure its continuity. There are strategies businesses can incorporate to help foster an increase in profits. It’s imperative to look at several strategies to determine which one fits your business adequately. A tax accountant in Cobham doesn’t just help you with taxes; the expert can also assist you choose the right strategy for your business to foster profit increments.

As stated earlier, you can incorporate several strategies (seven to be precise) into your business. However, choosing one that works for your enterprise depends on the size and work capacity. They include; reducing costs, increasing the number of sales leads, raising the sales conversion rate, improving customer retention rate, increasing frequency of spending, and increasing prices. It’s important to single out each strategy and pick them apart in isolation. The process will determine what you can do as a business owner and the estimated impact likely to occur in relation to the new strategy set up. A tax accountant in Cobham can help you see different scenarios that’ll happen when a particular strategy is incorporated into a business, helping you pick the right one.

David Beckman Co & Ltd, chartered accountants in their own right, knows that most businesses pick the first or second strategy for their business, ignoring the other five. However, businesses need to look at all seven strategies to see which one fits the bill when it comes to increasing business profits. Possibly, business owners may not know where to start when it comes to considering a particular strategy in isolation. This is where a knowledgeable expert like a tax accountant in Cobham comes in. These experts will discuss with you how each strategy can affect your business. Call them today at 01737 844 322 to help you understand your options.

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The cost of living in the UK has continued to rise, leaving many households struggling. It has led to the UK government announcing support measures to cushion the household in crises. The measures comprise the energy profit levy, low-income household support, and energy bill rebate. Energy profit levy will see a windfall increase in taxes for oil and gas companies on their profits by 25%. It’s expected to rise by over £5 billion in the next year to cushion struggling households due to rising energy costs. Moreover, investors interested in the energy market will receive an 80% allowance to encourage them to invest. Therefore, companies in the energy sector should contact an accountant in Leatherhead, who’ll help them get proper insights on these tax changes and dynamics.

On the other hand, a low-income support scheme will see more than eight million low-income households receive a one-off payment of £650. They must, however, be on universal credits, tax credits, legacy benefits, and pension credits. Moreover, pensioners will receive another separate one-off payment of £300. People with disabilities will receive a one-off payment of £150. These measures will remain open up to march 2023. The DWP will pay 50% of the amount they need to pay directly to eligible households and pay the remaining balance in autumn. An accountant in Leatherhead will let you know your eligibility for such support schemes.

Companies in the energy sector should seek advice from David Beckman & Co Ltd, which has the right knowledge regarding this updated information. The team will ensure you keep tabs on the right amount of taxes you need to pay. Therefore, if you’re seeking an accountant in Leatherhead to help you understand all the changes made on taxes – whether it’s regarding energy bill rebate or energy profit levy, these experts are in a position to help you. Contact them today at 01737 844 322 to understand the cost of living support measures.

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