go tax great oak capital limited
Post on 04-Jul-2015
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Great Oak Capital Limited
Tax Payment Solutions
Boutique Trade Financial Managed Solutions
Michael Samuels
Managing Director of Great Oak Capital Ltd
Director of family finance company
Insurance broker
Property developer and trader
Really nice guy
Great Oak Capital Limited
Based in Manchester
Company number 6967128
Licensed by the Ministry of Justice - number
CRM 21452
Data protection number Z1962784
NOT tax advisors
Two Certainties in Life
Death
Two Certainties in Life
Death Taxes
and
Personal Tax
Income Tax
Inheritance Tax
Capital Gains Tax
Company Tax
Corporation Tax
Value Added Tax
PAYE arrears
Capital Gains Tax
Tax Queries
NOT our area of operation
We do NOT negotiate the amount due
Disputes – NOT our remit
The client must discuss these elements with his
Professional Tax Advisors
HMRC do not have to give you time to pay –
this is a negotiable privilege
What is our role?
To negotiate
a fair and equitable
payment solution
Key tasks when times are tough 1
Analyse the health of your business
Learn to identify when a customer is in trouble
Consider ways of developing your existing markets
and building on relationships with existing customers
Consider ways of developing new markets and
finding new customers
Key tasks when times are tough 2
Keep your cash flow healthy
Tighten up your credit control and maintain a healthy cash
flow
Learn to work with cash flow forecasts and remain aware of
your cash position at all times
Keep track of the time it takes for you to pay your suppliers
and for your customers to pay you
Consider debt factoring and invoice discounting
Key tasks when times are tough 3
Limit the risks your business faces
Develop strategies to manage all risks you face
Carry out a SWOT analysis
Consider worst-case scenarios and know exactly
what to do if your business experiences serious
financial problems
Key tasks when times are tough 4
Develop an effective survival strategy
Revisit your business plan and development strategy
and make changes according to your current
circumstances
Inspire confidence and keep your employees
focused and motivated
Key tasks when times are tough 5
Access sources of business support
Maintain good lines of communication with your
accountant and bank
Seek advice from your business adviser or from your
local Business Link
Changing the landscape
List the creditors
List the debtors
We cannot change the landscape
until we know what the landscape contains
I feel lonely
Do you owe all of it?
The Government tells us that there is £42,000,000,000 owed
Face up to the Facts
YOU’R IN THE S**T Can’t pay/won’t pay Posted late returns Incurred fines Ignored letters Received phone calls You want it all to stop IT WONT!
Cause of the problem
Customers CAN’T pay you because
someone else isn’t paying them
The bank won’t help
YOU have caused it and YOU must resolve it
Business make-over
A commercial Gok Wan
Do you look good naked?
Let’s formulate a structured strategy for
recovery
Solutions
Personal Bankruptcy Individual Voluntary
Arrangement (IVA) Managed Agreed Plan
Corporate Receivership Bankruptcy Commercial Voluntary
Arrangement Managed Agreed
Solution
Recovery Solutions
Based on agreed payments over an equitable period
Recovery solutions
Coaching skills
Management change
Increased efficiency
Creating an Attainable Pathway Forward
Great Oak Capital Limited
We talk through the situation together
We visit your offices
We plan the solution together
We carry out the plan together
We have the skills to take you forward
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