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But the word has come to have great significance in UK politics and is our annual fiscal review. The first Budget appears to date back to 1733 when Britain experienced a so-called Excise Crisis. The Prime Minister at the time, Robert Walpole, planned to shift the burden of paying taxes away from the wealthy, landed […]

https://youtu.be/RVUPxpGKrzE Recently, I saw a contractor who was concerned about making losses on his contracts. I explained to him that, once he had secured a contract, he had to control two key areas. The first area was planning, job planning as well as procurement of labour and materials planning. The second area was financial controls

https://youtu.be/cdZyNzFsKsc I recently went to see a wine bar operator who was thinking of stopping the sale of his food because he was not making any profit on it. I explained to him that this was common with wine bar operators because they were more concerned with the sale of the drinks than producing food.

https://youtu.be/ii7RXb2Gz7s A client who recently set up a consultancy business had no associated costs or expenses and therefore no VAT inputs. Flat Rate VAT Advantages I recommended that he file for VAT registration immediately on the flat rate basis. This had three advantages: One, it would enhance his reputation both with his suppliers and his

A lot of accountants charge their clients for every phone call, meeting, email, and the client is afraid to call them because he is unsure of where his fees are going. It appears to be open ended. At Green and Peter, we charge our clients on a fixed fee basis. This means that we encourage

https://youtu.be/Vp44HUkdTHo I recently went to see a restaurateur who couldn’t understand why his wage costs were so high. I looked at his systems and procedures and went through how he was recording his wages. I suggested to him that he should make improvements in the way he sets out his rotas and make sure that

I recently saw two clients who run a partnership, which is VAT registered, who were also considering purchasing an investment property together. I explained to them that if they did this, the rental income would be deemed as part of their VAT-able income and added on to that of the partnership. This meant that they

Some time ago, I was approached by a musician. He had to negotiate a fee with a venue for a gig and was worried that he would give away his services too cheaply. He asked me to negotiate for him. I negotiated a fee for his gig, for the door money and for a percentage

https://youtu.be/x82xyzUr-Ic Are you a creative person and dread having an accountant? It doesn’t have to be this way. We are creative chartered accountants, and we deal with lots of creative industry, people like artists, sculptors, fashion, music, TV, film, video and photographers. As creative accountants we understand that creative people want to concentrate at what

Accountants are boring? The world of accountancy has a somewhat undeserved reputation of being rather dull and boring. Not so when you look at some of the creative and artistic types that intended to join the profession and studied hard to do so, before following a more glamorous path! 1. Mick Jagger – Rolling Stones