Mayfair Tax Advisors has a vision to become one of the top 100 accounting firm in the next five years. Hence we are adding all the value added services in our service category so our clients can look no further for all accounting, finance related solutions.
We are partnering with many other firms and expert advisers so we can provide you the best solutions to your problem.
We are opening our branches in every major city of UK and has a vision of opening our next branch internationally by the end of 2020. Our expert in-house staffs are working very hard to make this dream come true.
We would like to thank everyone for their effort, knowledge and expertise in taking us a step further every year.
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We have seen many clients use debt as one of the funding method. This is obvious in many businesses. We have seen many businesses going into administration because they are unable to repay their loan.
We always advise our clients, we plans debt funding to be aware and conscious of the cashflow and the pay back period. Every businesses should follow “cash is king” mentality and it is. it can create a complete chaotic situation if this cannot be managed well.
Plan ahead for the next 3-5 years before you apply for debt whether the business will be able to fund it and decide accordingly.
If you need help please contact us on 0207 193 8157.
Every businesses has their own framework and blueprint. But the basics of business remains the same. We can call it the business DNA. Every time we talk with the client, the problems resonate to each other businesses although they are entirely different and completed unrelated.
Below are the 5 most frequently asked questions about their business;
- How to manage next months payroll? – Working Capital issues
- The VAT money has been used up, what can we do? – Cashflow problem
- Can I pay my employees on the third week of next month? – Trust issues
- How much is my cost per hour – Lack analysis
- Can we voluntarily wipe the creditors? – survival issues
If you are facing similar hurdles in the business, you need to call us now on 0207 193 8157
Both Limited company and Sole trader can claim similar expenses for sure as long as it is wholly substantially occurred in the business process.
Many people from all different background has confusions on this point and it happens every year when the tax return filing time comes nearer and the sole trader clients especially starts thinking this and that and will start confusing themselves about the claimable expenses.
Below are the few expenses which can be claimed without any questions:
- Travel expenses (everything apart from ordinary commuting)
- Subscription paid for the business
- IT expenses for business.
- Meeting expenses and lunches
- Laundry expenses
- Tools and equipments if purchased
- Repairs and maintenance
- Stationery and postage
- Courier charge
- Employees wages
- Director wages
- Capital items like laptop, cameras etc purchase
- Office Rent
- Utilities, water, light and heat
- Business rates etc etc
If you can confusion on what can be claimed if your confusion is apart from the above mentioned expenses, please call us now on 02071938157 or email on email@example.com