Page 18 - link magazine

The Link Magazine March 1994
18
7 ,1 Tax and the small business:
SJl
KEVIN MAPSTONE G Tr -
an inevitable link up
SPECIALIST '1 ACCOUNTANCY SERVICES
DECORATOR — Accounts, Books or Paying taxes is one of the more cer- saves time and money.
tain things in life for the employed. "I'm often horrified by the over
for High Quality Tax a Headache? And if you're self employed it's im- the top charges made by account-
Decorating Small Business, Sole Traders, portant to make sure the taxman ancy firms," said Julie. 'The small
Self Employed, Individuals does not embarrass you. business can satisfy the tax collec-
11 Specialising in Small business people are quite tors with quite simple and easy to
l Rag-Rolling • Marbling F Taxation, Wages & rightly concerned with makingtheir follow bookeeping. Complex, ex-
Graining • Stencilling Q P.A.Y.E., VAT Quarterly! business work and it's all too easy to pensive accountancy is not required.
Wall coverings R Monthly Accounts, etc. let accounting take a back seat. "It's important to get the books
However that's storing up problems right. I see myself as letting the
Tel: (0793) 615889 Friendly Service, Reasonable for the future, given that tax is often business person concentrate on mak-
Rates, Day, Evening, Weekend
or (0850) paid months after the year ends. ing things a success."
• Dulux TRADES
Julie Leftwhich set up Gems ac-
With her overview of the books,
Appointments
DOA1R
844717 countancy in Freshbmok four years Julie is able to alert the business to its
nttvjork
Swindon (0793) 877599
,r1r ago to help self-employed people financial situation and can advise
and small companies keep on top of how much money should be saved
their financial performance. She is for the income tax and VAT to be
IMPORTANT DECISIONS REQUIRE recognised by the Inland Revenue paid in a few months time.
and the VAT man and can prepare With the changes in tax coding
PROFESSIONAL ADVICE accounts for limited companies Julie has also received many calls
which are then audited by a char- from individuals wanting to know
• Conveyancing • Family Law tered accountant. why they will be paying more tax.
• Wills • Probate Julie provides the complete range Unfortunately she has to confirm
of accountancy services including that the taxman is demanding a big-
• Personal Injury Claims bookeeping, preparation of PAYE, ger share of income. But she can
• Employment Matters monitoring debtors and creditors, help if too much tax has been paid.
profit and loss and preparation of Reclaiming the tax is incredibly easy
CARTER, READ & DOVE final accounts. says Julie.
She offers a very flexible service
In the four years she's been in
and will deal with bookeeping on a business, none of Julie's clients have
SOLICITORS weekly, monthly or quarterly basis. gone out of business. Some of their
Commerce House, 34/35 Commercial Road, Swindon She sets up businesses with a very success must be due to good ac-
simple system which allows her to countancy procedures. Gems can
Tel: (0793) 617617 quickly enter all transactions. This be contacted on 877599.

/
/\ K I'"GT M
I I

Mansfield Begbie Associates are pleased to offer Link magazine readers the benefits of a
mortgage for property owners who need to borrow up to 100% on the purchase of a new property

FIXED RATE MORTGAGES: We can offer 100% (maximum 'Loan to Value') at a very advantageous fixed
rate of 4.99% until February 1996, e.g. £50,000 at 4.99% costs £176.73 per month (interest only, net of MIRAS).

FIRST TIME BUYERS: We can also offer attractive discounted rates from as low as 3.75% for one year
(maximum 75% loan to value) and also 5.1% for one year (maximum 90% loan to value).

NOW AVAILABLE: First time buyers 'Cash Back' offer. Up to £400 on completion plus refund of valuation fee.

REMORTGAGE PACKAGES: We have facilities to offer up to 95% Loan to Value with rates as low as 4.99%
until January 1996.
Mansfield
Swindon 873369 Begbie

I II Associates
Auocat. (2 lines)

MORTGAGE & INSURANCE SERVICES

Mansfield Begbie Associates represents only Cornhill Insurance PLC for life assurance and pension business. Cornhill PLC is Member of Lautro.'
J"
REMEMBER: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.