We are actively involved in this area on a daily basis. Our clients include pubs, restaurants and hotels and we can build a package of services to suit your needs for an agreed monthly fee.
We can do as much or as little as you want, there really is no typical client. For some we do all the bookkeeping, payroll including payment of staff, payment of suppliers and production of accounts. The accounts can be annual or monthly dependent on the clients needs. For others our involvement revolves around their annual audit.
Capital allowances are a vital area in the taxation of these businesses and a great deal of care needs to be taken to ensure that these are maximised on purchase or refurbishment. Did you know that if you install an ornamental pond in the garden of your premises then it will qualify as plant and machinery with significantly higher initial capital allowances provided you stock the pond with fish?
Capital gains tax planning is also an area of great interest to our licensed trade clients. There are times when using the rollover relief provisions to defer capital gains may not give the best long term solution. Every case needs to be assessed on its own merits.
Call 0141 221 2257 to arrange a meeting to discuss any of the above points.