CMA Accountancy Guide to Success in 2012
Hello and welcome to the latest article from CMA, a proactive accountancy firm based in Appley Bridge. By the time you read this article most tax returns will have been submitted and it will be time to plan for the future. Here at CMA, as well as making sure your businesses finances are in the best shape we are also experienced business advisers and provide assistance to help you grow. This month we are looking at business planning for 2012 and how to get the best from your employees and create a winning team. Whether you are thinking about starting out or you have been running a business for a long time, here are some useful steps to take to build a great business: Assess where you are today – make a realistic assessment of your business and look at your strengths and weaknesses and what do you need to build on. Failure to plan is plan for failure – January is a good time to plan for the next 12 months. Set your sales targets for the next year and think about any new products or services you can offer your customers. Define your teams’ roles – make sure everyone in your business is clear on their respective roles. Identify Goals – Develop and implement a performance measurement and reward system to support your plans. Coach your team – Regularly provide guidance and training so that they are updated with the latest trends and issues in your market. We are happy to talk to anyone about their plans for the next year and look at ways to help you grow your business. If you would like to find out more about any of the issues raised in this article CMA offers a free initial consultation, either at our office or yours, at a time to suit you. If you would like to see how we can help, please get in touch.
Tax Tips
If you’re on a low income and have savings with a bank or building society, are you paying tax on your interest?
The PAYE system is complicated and as a result there are vast numbers of incorrect PAYE tax codes. Is your tax code correct?
When setting up as a sole trader, did you know that you can claim against your profits for items used in your business even if they were purchased prior to commencement of trade?
Did you know that married couples can arrange their finances to utilise each personal allowance (£7,475 for 2011/12) and lower rate tax bands (£35,000 for 2011/2012). Can you transfer income producing assets to a spouse to take advantage of their lower taxable income?
Contact Details
Chris Alcock ACMA, CMA Accountancy 39 Skull House Lane, Appley Bridge, Wigan, WN6 9DR Tel: 01257 255521 Email info@handsonaccounting. co.uk web www.handsonaccounting.co.uk www.locallife247.co.uk
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