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A client in the property maintenance industry was having difficulties obtaining credit due to the fact that their accountant was very slow in processing their accounts and filing them with Companies House. A previous year’s accounts were on file and profits had increased since then, yet their outdated accounts were still registered with Companies House.
This has further consequences for the business as the difficulties in obtaining credit had resulted in delays in other areas of the business.
The client wanted a rapid turnaround for their accounts, with timescales and deadlines set and adhered to.
What we did
Implemented a tight timeline and deadlines for the work needed to be carried out and agreed to quickly process the accounts for this business.
We also advised the client on several areas where tax savings could be made.
The client is highly satisfied that Armstrong Watson are able to meet the deadlines and that we are committing to the rapid turnaround of financial records.
We are also looking into areas of the business where tax efficient strategies will save the business tax and also lead to increased benefits for their employees.
These areas include remuneration planning (tax efficient profit extraction), Salary Sacrifice schemes for the employees and a cycle to work scheme.
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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.
Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales No. 8800970. Registered office: 15 Victoria Place, Carlisle, CA1 1EW
Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW