Our ethos is to help you understand your numbers and to run your business efficiently. We provide a diverse range of accountancy services covering those required by law (to keep you legal!) and those to help you reduce tax and improve profits. All your work is overseen by one of our Directors who will be your point of contact. We offer fixed fee agreement and payment plans tailored to your needs. No high risk tax schemes, just sound tax advice for businesses and individuals, as well as dealing with H M Revenue & Customs on your behalf.
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If you pay for the fuel used in your company car you are entitled to recover the cost of the fuel - for business journeys - based on agreed Advisory Fuel Rates (AFRs), from your employer. If the agreement with your employer is that you pay for all the fuel costs and that none can be recovered from the employer, then you can claim for the recorded business miles at agreed AFR rates as an expense claim on your tax return or by calling HMRC. These AFRs can also be used to calculate the value of private fuel costs if your employer does pay for your private fuel.
If your business processes materials or assembles goods for sale it will need to keep a stock of items to ensure that future sales can be met. Ideally, stock levels should be kept to a minimum such that hard won cash reserves are not tied up unnecessarily. You will need to manage stocks to cover current production needs and consider supply issues - how long will it take to replace stock. When prices are falling - in deflationary times - you will not want to hold excess stocks that could be replaced by lower cost items.
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