HISTORY

Established in 1983 in South East London the accountancy practice has some 250 clients, range from small traders to large Corporates. In the early 1990s the practice relocated to Sussex and in 2002 moved from Eastbourne to Bath. Due to the development of IT and access to the  Internet we are able to assist clients anywhere in the UK and have a number of clients based in Southern Ireland as well in Scotland. We are also able to offer tax advice and tax planning opportunities for Contractors who are entering into the UK from other parts of the Commonwealth, namely Australia and New Zealand.

The practice has invested in Software for taxation, for both Corporate and personal taxation, as well as maintaining up to date accountancy software products.

STOP PRESS

Capital Gains Tax Reforms for Business Assets Urgent Action Required - New Rules

In the pre budget report in October 2007 the Government announced the withdrawal of two important reliefs for capital gains tax:

•           indexation allowance - providing an uplift in the cost of assets acquired before 5 April 1998 to take into account the effects of inflation, and

•           Taper relief - allowing a reduction in the gain chargeable for assets held for a specified time and which gave a potential 10% charge for gains on business assets, are both to be abolished from 5 April 2008.

The Government has been slow to elaborate on the new rules but further guidance has at last been announced. There will be a new "Entrepreneurs' Relief' which will allow a 10% tax rate on certain business disposals but this will not apply for many assets which currently qualify for the business taper relief.

The pre budget report also gave married couples and those in a civil partnership the opportunity to benefit from two times the nil rate band and a possible tax saving of £120,000 in inheritance tax. This tax saving is not automatic. Where you have a business the possibility exists to considerably increase that tax saving.

If you require any assistance any reviewing your status and position with regards the new rules which are upon us, please call Paul

Tax Doctor

Recently we acquired a dynamic software pro gramme  which allows us to forecast taxation and compare dividends V salary,for "Tax Doctor" help please email us for further assistance in this field  if you  believe you may need assistance .We can also review Company car schemes.

Employer of the Year

Beechlands was also voted "Bath University Employer of the Year" in 2005,as reported in the Bath Chronicle .

SERVICES OFFERRED

Accountants preparation for the Self Employed,Partnerships,Limited Companies .

Self Assessment Taxation returns for the Self Employed,Partnerships,Trusts and High Worth individuals.

Vat return preparation for all businesses.

Forecasts and cash flow planning.

Payroll services and Benefit in kind preparation.

Company Secretarial administration.