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When it comes to choosing a firm of accountants, bookkeepers or PAYE experts, the client needs to be sure they are going to be looked after, know that they are getting the best value for money and want to have a good working relationship..
So take a look at and see what the prime entry staff have to say about the business they work in…
GIFT AID and giving money to charity
If your taxable income is marginally above the £100k mark, any strategy you can employ to reduce earnings will safeguard your personal allowance and save tax at 40%.
If you wish to donate to charity, then you may wish to understand more how the GIFT AID system works, including options to carry back, contact the accounting and tax team at prime entry and they will be happy to explain more.
But as an example: – If you are a 50% tax rate payer a cash payment to a charity of £5,000, grossed up to £6,250, this will save £1,875 in reduced higher rate tax. (£6,250 x (50%-20%))
And let’s not forget the charity? You may be out of pocket by £3,125 (£5,000 – £1,875) but the charity will receive £5,000 plus the tax refund £1,250.
We have been looking at new technologies and how to expand our client base. We are very customer focussed and always endeavour to meet our clients at their place of work, however we do have clients that are at opposite ends of the country and this works well for us; using cloud based accounting systems, skype conference calls etc so that we can undertake their accounting needs without the need for face to face meetings etc.
So do you think that small businesses who just want a cheaper service, i.e. year end accounts, tax returns and then a quick summary of key points and areas for consideration, all over the internet and for a fixed fee would be open to this option? Although less customer focussed for someone just needing the basics and very cost concious this could be good.
We are interested in offering something different to the market – feedback greatly appreciated
Thanks
VAT rates change again on 4th January 2011 and all Prime Entry and Prime Invoicing users will need to download the latest software upgrades that allow for yet another amendment to the rate.
Please carry out the following steps:
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Whilst out and about most days meeting not only clients, but also many colleagues and business associates there are definitely mixed messages about how the banks and other finacial institutions are behaving towards lending.
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