In business, we are all looking to achieve the best combination of turnover and profitability possible. Many business people will focus on sales and marketing activity or perhaps productivity improvement as a means of achieving this optimal situation. What many business people overlook is the day to day ‘unseen' expenses that eat into those hard earned profits. One of the main areas where we see our clients losing money unnecessarily is in the payment of tax. At Strachan & Windram we have helped our clients to reduce their tax bills on numerous occasions.
One of the questions we are often asked is ‘I have an accountant already, so how can my financial adviser find savings that my accountant can't”. The answer is that we often find that we have a more holistic view of our clients' financial position. We can see the profitability of the business in the context of our clients' personal financial situation and strike a balance between personal and business financial and tax arrangements. We also have a knack for finding those savings that accountants miss – we recently saved an hotelier client tens of thousands of pounds in unclaimed capital allowances.
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