Do you want to make more money?

Silly question, of course you do, it’s a common driver for most businesses, but how do you do it?

The obvious answers are to generate more sales, increase sales price or reduce costs. These solutions all work in the right circumstances and there lots of different approaches as to how you do it. However there is a much easier way to ‘make’ or what I should really say is save money.

The answer is to be tax efficient. Most businesses are paying far too much tax, whether that’s corporation tax, VAT, PAYE, national insurance and for individuals;  income tax, capital gains tax, inheritance tax. Saving tax is a far easier way of putting more cash in your pocket than by having to sell more or cut costs.

Taxation should be a straight forward system of collecting revenue for the government but as we all know it isn’t. Rules, regulations and allowances constantly change and there are so many of them! The legalese is often difficult to interpret and understand, no wonder businesses and individuals often pay too much.

Your accountant, if he’s right for you and your business, should spend the time to sit down with you, understand your personal and business circumstances and identify how you can pay less tax.

If he hasn’t done this, it’s probably time for to find another accountant who will help you save money.

 

 

Advertisements

About Mark Telford

I run a small vibrant accountancy practice. We're growing rapidly by offering clients a top class personalised service. There is no one size fits all approach at Telford Associates, we provide services tailored to our clients and develop these based on our understanding of their business and their personal needs and aspirations. We stay in regular contact with our clients all through the year, not just popping up at the year end to complete the accounts and tax returns. If you're fed up with a poor service or high fees from your accountant, who never returns e-mails or phone calls, please get in touch. I'm confident we can provide you with the service you deserve.
This entry was posted in accountant, accounts, business advice, business support, tax, tax savings and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s