Four tax tips to help client cash flow in hard times
Giles Mooney, managing director of PTP Limited and presenter of TAXtv, outlines four opportunities for tax agents to help their clients to improve their cash flow.
1. Tax credits
Continued...
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cashflow
... and why dont we talk about other products and services that can help ease cashflow rather than just tax tricks.... applications in the cloud can save you significant cash over traditional PC-based systems.
Take Sage for example which still struggles with the concept of online accounting, versus Brightpearl (just rebranded from Pearl). Their online offering for accounting 'software as a service' only costs £12 per user with no upfront capex whatsoever, single click import from Sage and nice intuitive performance dashboards. They go way beyond accounting and offer a full 'mini-ERP for SME's', but thats for another day or for you to do your own research on.
They've just secured VC funding from the smart folks at Eden Ventures and Notion Capital, and with Doug Richard (ex BBC Dragon) also on the board, it seems they're going to be around for some time to come.
Where else can we see innovative services break down traditional pricing structures to generate real cash savings for small (and not so small) businesses?
Anyone else throw some ideas in to the pot.....?
chris
cash savings
All good points, but worth mentioning R&D tax credits for those who aren't aware - a fantastic opportunity to get back PAYE taxes already paid. This can often be quite significant and relatively quick and easy if you have a clear case for qualification.
I know most of us are aware already but I'm continuously surprised as to how many companies aren't.
Chris
www.mybusinessfd.com