Numbers, paperwork, filing returns ...
Discover the Wood and Disney way with our ...
Discover the Wood and Disney way with our ...
Discover the Wood and Disney way with our ...
Discover the Wood and Disney way with our ...
Discover the Wood and Disney way with our ...
Discover the Wood and Disney way with our ...
Discover the Wood and Disney way with our ...
Discover the Wood and Disney way with our ...
A hefty tax bill because of a previous accountants year end accounts mistake, averted by Wood and Disney's intervention:
We reviewed the accounts and tax returns for a prospect. The business owner was surprised that both his company tax and his personal tax liabilities were lower than usual but he didn't think that his circumstances had changed much. After a review by us we discovered that £20,000 of dividends had been misposted to expenses. Resulting in underpaying £3,800 in corporation tax and £1,500 in personal tax. Amended accounts and tax returns had to be submitted before HMRC carried out an enquiry.
Previous Accountants lack of knowledge nearly proved very costly but Wood and Disney were able to sort it out:
A new client was not aware that they had an overdrawn director's loan account. We asked the former accountant for details of the additional tax paid on the loan and they didn't even know that they should have disclosed this to HMRC. We reviewed the most recent accounts prepared by the former accountant and questioned the client closely about how he ran his business and discovered some opportunities to increase his profit sufficient to provide enough dividends to clear the overdrawn loan account. Amended accounts and returns were submitted. No additional tax was incurred because of losses brought forward.
Let us solve your accountancy problems so that you can focus on your business and get back to doing what you are good at.
Let us help you get your life back and take the pressure off you, so that you can focus on building your business and enjoying your free time with your family. Take a look at our ACCOUNTANCY SOLUTIONS ...
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