0
What do we do?
Accountancy
Tax planning
International Services
Consultancy
Wealth Management
Business Start-up
Company Aud...
Help people see a solution…
Helped a local business
reclaim over £200,000 in
VAT.
Annually reclaim around
£200,000 in tax ...
What don’t we do?
Tax Avoidance
Vs Tax Evasion
A general decline in this style of loss scheme with effect from 5 April 201...
Tax is everywhere…
In what we eat, Cake or Biscuits?
For VAT cakes are zero rated, biscuits are
zero rated but biscuit wit...
In how we travel…
Buying a bus isn’t cheap.
Buying a new fleet of buses is even less so!
Tools are more than just shears…
2014 Budget…
A budget for savers… maybe?
Pensions reform
• No requirement to purchase annuity
• Flexibility to extract pen...
Menta Coffee Means Business Who are Beatons 25 March 2014
Menta Coffee Means Business Who are Beatons 25 March 2014
Upcoming SlideShare
Loading in...5
×

Menta Coffee Means Business Who are Beatons 25 March 2014

74

Published on

Presentation to Coffee Means Business of how Beatons Accountants operates. Includes International tax, VAT, self assessment refunds, penalty cancellations, grant funding, Brief overview of 2014 budget, pension changes.

Published in: Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
74
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Transcript of "Menta Coffee Means Business Who are Beatons 25 March 2014"

  1. 1. What do we do? Accountancy Tax planning International Services Consultancy Wealth Management Business Start-up Company Audits Charity Audits Not-for profit Audits Grant audits Ground rent/expense audits Payroll Back office finance functions Management accounting Cloud accounting VAT returns Small business bookkeeping Company Secretarial
  2. 2. Help people see a solution… Helped a local business reclaim over £200,000 in VAT. Annually reclaim around £200,000 in tax through the self assessment system. Advised on moving to work overseas in Oman, Saudi Arabia, Dubai, Hungary, South Africa, America, Switzerland. Advice on purchase of company cars/vans. Cancelled out of time tax demands penalties in excess of £10,000 and received an apology from HMRC. Provide advice on tax efficient purchase and sale of residential properties. Assisting overseas business in applying for EU grant funding in excess of £1m.
  3. 3. What don’t we do? Tax Avoidance Vs Tax Evasion A general decline in this style of loss scheme with effect from 5 April 2013 the maximum loss offset is £50,000 or 25% of income.
  4. 4. Tax is everywhere… In what we eat, Cake or Biscuits? For VAT cakes are zero rated, biscuits are zero rated but biscuit with a chocolate covering is standard rated. That is 20% extra cost to you and me! A teacake is a cake. But getting it wrong had a cost to M&S. They charged standard rated VAT many years ago and then when they realised their error wanted to reclaim the VAT paid over incorrectly. But it was the customer who suffered the VAT not M&S. This would have been unjust enrichment for M&S over their competitors to be able to receive the refund. So it was blocked. Lesson: don’t get it wrong. If in doubt obtain clearance from HMRC.
  5. 5. In how we travel… Buying a bus isn’t cheap. Buying a new fleet of buses is even less so!
  6. 6. Tools are more than just shears…
  7. 7. 2014 Budget… A budget for savers… maybe? Pensions reform • No requirement to purchase annuity • Flexibility to extract pension funds ISA’s reform • £15,000 annual investment limit in NISA Self service time to pay arrangements for self assessment online. Small business help? Increase in annual investment allowance to £500,000
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×