Appletons Accountants, Poynton, Cheshire UK

Chartered Accountants of Poynton, Cheshire

Tax Tip

When you buy new equipment for your business, ask whether it is energy or water efficient.

Check the list on www.eca.gov.uk to see if you could get a 100% deduction fo the cost in the year of purchase.

On-line filing

Every year, employers are required to send details of the salaries, tax and National Insurance deducted from their employees.

These year-end returns have to be submitted by 19 May 2007 to avoid a fine. These documents can be submitted on-line via the internet.

We can assist you in this process. If you are a small employer (less than 50 employees) and you file on-line, HMRC will pay you £150 tax-free if you file on time for 2006/07.

Company Vans

There has been a big change to the taxable benefit due on vans.

Where an employer provides a van for an employee, which they can use for private journeys, the taxable benefit from 6 April 2007 becomes £3000 per annum.

This taxable benefit is not levied if the private use is merely incidental.

HMRC have given some guidance on what is incidental but this is not exhaustive so we will be pleased to advise on the situation if you are providing vans that can also be used for private journeys.

Poynton Accountants Appletons can assist you and your family in planning your financial future together

Taking the plunge

If you've just started a business, congratulations!

If you've set yourself up as a limited company then by now your company secretary will be inundated with letters, brochures and forms from the Inland Revenue.

Don't Panic! Simply give them all to us!

Let us deal with the taxman while you get out selling your product or service!

Incidentally, did you know your business could be a vehicle to slash your tax bill?

Contact us and we'll tell you more...

"The main reason for business failure is lack of sales – you should be always be spending sufficient time prospecting, following up and closing sales."

"In business, we always need more time. Appletons give you that time by handling your bookkeeping, payroll and red tape while you handle your new customers."

Budding entrepreneurs

If you want to run your own business you have to be focussed and self-discinplined.

Even the smallest business should take the time to draft a business plan, which sets out the business's aims and how it will achieve them.

The plan will vary depending on the type of business but it will usually include some or all of the following:

  • A statement of the business's aims.
  • A budget covering profit and cash-flow forecasts, which should be set out in detail for the next 12 months and in outline for the next two to five years.
  • A marketing plan covering how the business will promote its products, attract new customers, handle promotions and so on.
  • A plan for the amount of capital expenditure on long-term assets such as cars, property and new equipment, how they will be financed and when they will be acquired.
  • The business's strengths, weaknesses and new opportunities, and possible threats to its survival.
  • The business's staffing, training and employment needs, because lack of good-quality staff can affect its growth.

...if the business is making products for resale, the plan should also cover its production needs.

But how detailed should your plan be? How realistic is it?

We at Appletons will be delighted to help answer these questions for you.


E: appletons | T: 01625 260990 | F: 01625 260991
Appletons Chartered Accountants, Suite 1, Armcon Business Park, London Road South, Poynton, Cheshire SK12 1LQ


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