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We will help you maximise the hidden potential within your business :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298.

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Presentation on theme: "We will help you maximise the hidden potential within your business :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298."— Presentation transcript:

1 We will help you maximise the hidden potential within your business :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::

2 1% VAT INCOME TAX TRADING STRUCTURE Small changes can make a BIG difference Specialist VAT scheme available to you Reducing your Income Tax Liability Using a more Tax Efficient Trading Structure :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::

3 A Quick Example Chris came to us for advice on growing his consultancy business. Heres how we helped increase his take home income by 39% :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::

4 Step 1 - Small changes make a BIG difference Our first step was to identify areas where small changes in Chriss business could have a big effect on his profit. We suggested the following : 1% Increase in Prices 1% Reduction in Overheads 1% Increase in Sales Volume :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::

5 And this was the effect :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::

6 Step 2 - A Specialist VAT scheme Our next step was to transfer Chris on to the optimum VAT scheme for his consultancy business (like many business owners he didnt realise there was another option!) Standard RATE VAT Scheme Specialist Rate VAT Scheme :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::

7 And this was the effect :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::

8 As Chriss wife was helping with the administration of his business he was able to formally employ her and reduce the family's overall income tax liability :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::

9 And this was the effect :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::

10 Step 4 – Using an Optimum Trading Structure It was obvious from Chriss financial statements that he would benefit from changing his trading structure. So, we helped him with incorporation... Sole Trader Limited Company :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::

11 And this was the effect :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::

12 The End Result A 39% Increase in Chriss Take Home Income! Please contact Broadwood Associates Ltd By telephone : 01202 513972 email : steve@broadwoodassociates.co.uksteve@broadwoodassociates.co.uk To arrange your free consultation at your location or ours – whichever is easier for you For further information, visit the website on : http://www.broadwoodassociates.co.uk http://www.broadwoodassociates.co.uk Our friendly team look forward to working with you ! :: Broadwood Associates Ltd, 76 Castle Lane West, Bournemouth, BH9 3JU :: T: 0800 298 4133 :: W: www.broadwoodassociates.co.uk :: E: info@broadwoodassociates.co.uk ::


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