GreenmanAccountants

RU

NN

ING

A B

USI

NE

SS

KEE

PIN

G R

ECO

RD

STh

ere

man

y re

quire

men

ts to

kee

p ad

equa

te re

cord

s, it

mak

es se

nse

to

do so

. You

can

’t pr

oper

ly c

ontro

l a

busi

ness

with

out k

now

ing

whe

re

you

are

in a

fairl

y so

phis

ticat

ed w

ay.

Profi

tabl

e bu

sine

sses

can

go

bust

if

cash

runs

out

une

xpec

tedl

y. W

e ca

n he

lp w

ith e

ither

adv

isin

g yo

u or

do-

ing

it on

you

r beh

alf.

VAT

VAT

is th

e st

ern

task

-mas

ter.

Gen

eral

ly th

e re

turn

s hav

e to

be

mad

e ev

ery

thre

e m

onth

s – w

ith

heav

y pe

nalti

es p

unis

hing

thos

e ev

en a

day

late

. But

it’s

not

all

doom

an

d gl

oom

. A re

cord

ing

syst

em th

at

give

s you

the

min

imum

requ

ired

to

run

your

bus

ines

s pro

perly

will

cop

e w

ith V

AT re

turn

s.

EMPL

OY

MEN

T IS

SUES

If y

ou e

mpl

oy a

nyon

e at

all

the

law

is

invo

lved

and

can

be

com

plex

–

ther

e ha

ve re

vcen

tly b

een

som

e la

ws

intro

duce

d ab

out A

ge D

iscr

imin

a-tio

n, fo

r ins

tanc

e. W

e ca

n gi

ve y

ou

guid

ance

abo

ut w

here

the

pitfa

lls li

e bu

t you

may

nee

d a

good

solic

itor i

f th

ings

get

stic

ky. B

ette

r hav

e a

wor

d w

ith u

s fi rs

t.

PAY

E M

ost p

eopl

e ar

e aw

are

of P

AYE

and

wha

t it d

oes.

Now

aday

s sof

twar

e do

es m

ost o

f the

wor

k an

d ev

en th

e G

over

nmen

t offe

rs it

s ow

n. D

on’t

wor

ry a

bout

it –

we’

ll gu

ide

you

as th

is c

an b

e a

long

and

com

plex

pr

oces

s.

LTD

CO

MPA

NY

REQ

UIR

EMEN

TS

Lim

ited

com

pani

es a

re d

eem

ed to

be

sepa

rate

lega

l per

sons

. The

y ar

e

gove

rned

by

the

bigg

est p

iece

of

legi

slat

ion

ever

pas

sed

in U

K le

gal

hist

ory

– th

e C

ompa

nies

Act

, 200

6.

Con

sult

us b

efor

e te

arin

g yo

ur h

air

out.

TAX

ATIO

NTh

e C

hanc

ello

r wan

ts h

is sh

are

of

wha

t you

ear

n in

pro

fi ts.

Leav

e th

at

to u

s.

PER

SON

AL F

INA

NC

ES

INH

ERIT

AN

CE

TAX

The

tax

that

is p

aid

on y

our ‘

esta

te’

- bro

adly

spea

king

, eve

ryth

ing

you

own

at th

e tim

e of

you

r dea

th le

ss

wha

t you

ow

e. It

can

als

o be

pay

able

on

ass

ets y

ou m

ay h

ave

give

n aw

ay

durin

g yo

ur li

fetim

e.

The

tax

is 4

0% a

nd is

pai

d on

the

valu

e of

you

r est

ate

abov

e £3

12,0

00.

I.S.A

The

fi rst

thin

g to

kno

w is

that

you

ca

n pu

t you

r mon

ey in

eith

er a

cas

h Is

a, b

asic

ally

a sa

ving

s acc

ount

, or

into

a st

ocks

and

shar

es Is

a -

norm

ally

a fu

nd th

at w

ill p

ick

shar

es,

prop

erty

or b

onds

on

your

beh

alf.

Or y

ou c

an a

lso

choo

se to

split

you

r al

low

ance

bet

wee

n th

e tw

o.

SHA

RES

Buy

ing

shar

es m

eans

you

bec

ome

a pa

rt-ow

ner o

f a c

ompa

ny. T

here

ar

e tw

o w

ays y

ou c

an g

ain

from

ow

ning

shar

es. F

irstly

, you

r sha

re

may

incr

ease

in v

alue

- kn

own

as

capi

tal g

row

th. Y

ou c

an o

nly

bene

fi t

from

this

gro

wth

whe

n yo

u se

ll th

e sh

are.

PE

NSI

ON

Ever

yone

’s d

oing

it fo

r the

fi rs

t tim

e - a

nd th

ere

is n

o se

cond

cha

nce

if yo

u ge

t it w

rong

. Con

verti

ng p

ensi

on

savi

ngs i

nto

an in

com

e is

pro

babl

y th

e m

ost i

mpo

rtant

fi na

ncia

l dec

isio

n yo

u w

ill e

ver m

ake.

INSU

RA

NC

EB

oom

ing

hous

ehol

d w

ealth

mea

ns

that

fi nd

ing

the

right

hom

e in

sura

nce

isn’

t as s

traig

htfo

rwar

d as

it u

sed

to

be. T

he ty

pe o

f hom

e yo

u liv

e in

, yo

ur in

tere

sts a

nd p

osse

ssio

ns a

ll in

fl uen

ce th

e co

ver y

ou n

eed.

DEB

TIf

you

r fi n

ance

s are

in a

mes

s, no

w is

the

time

to ta

ke c

ontro

l. Si

t do

wn

with

us a

nd w

e ca

n dr

aw u

p a

budg

et, i

nclu

ding

a sc

hedu

le fo

r yo

u to

repa

y yo

ur d

ebts

in a

suita

ble

timef

ram

e.

We

offe

r fre

e in

itial

co

nsul

tatio

ns a

nd w

e ar

e al

way

s on

hand

in th

e cr

itica

l ear

ly st

ages

whe

n ex

pert

guid

ance

can

be

of

mos

t use

.

We

offe

r exp

ert a

dvic

e an

d ex

perie

nce

in

guid

ing

you

on th

e w

ay

you

shou

ld tr

ade

and

how

to

pla

n th

at fo

r the

futu

re.

It’s a

lso

impo

rtant

that

you

de

al w

ith im

med

iate

issu

es

such

as P

AYE,

VAT

,

adm

inis

tratio

n an

d

taxa

tion.

You

r acc

ount

s will

be

expl

aine

d to

yo

u in

pla

in E

nglis

h so

that

you

un

ders

tand

them

, but

, mor

e im

por-

tant

ly, w

e w

ill h

ighl

ight

issu

es th

at c

ould

be

com

e re

al p

robl

ems i

f not

pro

perly

a

ddre

ssed

.

Our

fi rs

t ste

p is

to w

ork

with

you

so

we

can

gain

a fu

ll un

ders

tand

ing

of y

our b

usin

ess.

We

can

then

tailo

r our

ap

proa

ch to

you

r req

uire

men

ts so

we

can

prov

ide

exac

tly th

e se

rvic

e yo

u ne

ed.

Whe

n de

cidi

ng o

n yo

ur fi

nanc

ial

stra

tegy

, it i

s im

porta

nt to

un

ders

tand

the

diffe

renc

e be

twee

n sa

ving

an

d in

vest

ing.

W e

can

help

exp

lain

all

the

diffe

rent

ty

pes o

f sav

ings

and

inve

stm

ents

so

you

can

deci

de w

hich

wou

ld b

e th

e be

st

met

hod

for y

ou a

nd y

our m

oney

.

Accountants

RU

NN

ING

A B

USI

NE

SSR

UN

NIN

G A

BU

SIN

ESS

PER

SON

AL F

INA

NC

ES