lm griffiths & co - chartered certified accountants: bni presentation 0615
TRANSCRIPT
LM Griffiths & Co
Chartered Certified Accountants
Awards
•2004 Award•Renewed 2011 & 2015
LM Griffiths & Co
What do we do?
Produce Accounts for
•Limited Companies•Partnerships•Limited Liability Partnerships (LLPs)•Sole Traders•Charities•Not for profit organisations•Registered Auditors
LM Griffiths & Co
What do we do?
We also do:
•Advice on all associated taxes•Succession planning•Cash-flow projections•Business plans•Management accounts•Compliance
LM Griffiths & Co
Which business structure is best for you?
Sole trader
Partnership
Limited CompanyLM Griffiths & Co
Tax Liability
•Net Profit of £60k
•Sole Trader - £34k
•Partnership - £25k
•Limited Company - £12k
LM Griffiths & Co
Capital Allowances
LM Griffiths & Co
Capital Allowances
• £500k until 31/12/15Then reduced to £25k
• Timing important
• 4 month deadline – letter of obligation
LM Griffiths & Co
Tax & Romance
LM Griffiths & Co
Tax & Romance
•Gifts•Dinner•Rings•IHT Gifts•Employment•Marriage allowance•Pensions
LM Griffiths & Co
Apprentices
LM Griffiths & Co
Apprentices
•From 06/04/16 no employers NIC @ 13.8%
•Under 25
•On a training scheme
LM Griffiths & Co
Disclaimer
This presentation is of a general nature and is not a substitute for professional advice. No responsibility can be accepted for the
consequences of any action taken or refrained from as a result of any information provided
either verbally or in writing.
LM Griffiths & Co
LM Griffiths & Co
Chartered Certified AccountantsSmall enough to offer the personal touch, yet large enough to
cope with the demands of today’s modern business.
LM Griffiths & Co