01 Aug If You think Professionals are Expensive, then You need to see how much Amateurs will cost You
If You think Professionals are Expensive, then You need to see how much Amateurs will cost You.
Mr S Yardley of SRS had such an experience, here is what happened;
SRS was trading as a sole trader and had no reason to believe there was anything wrong with his existing Accounting Service Provider.
When Tim Hammond met Mr Yardley, he learned that Mr Yardley had just won a court case against his old accountant but HMRC was still chasing him and their view was; although it’s not of his making he is legally responsible and no special treatment was given.
While reviewing the previous accounts as a starting point, it turned out that his existing accountant was not so thorough in their work. With our knowledge and experience, we believed that he had paid nearly £2,000 in tax that was not owed! Makes Sense submitted a case to HMRC; the accounts were reopened and the case was revisited. HMRC accepted that a refund was due, which they then issued.
Now that we at Makes Sense understand SRS’s objectives and business operations better we have converted them into a Limited Company (we did all the work so they didn’t have to worry with the paperwork) which is now going to reduce their tax bills going forward as well.
Furthermore, we have helped them is to ease their administrative burden by setting them up on Mobile technology, which allows them to capture their expenses easily as well as invoice their clients whilst on client site.
“A chance meeting with Tim from Makes Sense was one of the best things that happened to my company! They got my tax back and I didn’t even know I had over paid which was a great result.
I can now invoice my customers before leaving their property and they pay quicker by using the payment link.
After a hard day on the road, all my paperwork is done from my Mobile Phone and no burning the midnight oil to keep on top of the dreaded paperwork!” (Managing Director – SRS)
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