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.

2. 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

3. 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.

4. 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.

5. 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.

6. In how we travel…
Buying a bus isn’t cheap.
Buying a new fleet of buses is even less so!

7. Tools are more than just shears…

8. 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