Test your accountant

 

Questions you need to know the answer to:

YES NO

Is he interested in your business? And the future of your business?

Is he proactive?

Is your top rate of tax 22%? If not, why not?

Has he reduced your tax liability by 50% annually by restructuring your business.

Has he suggested the possibility of setting up a personal pension scheme? This would enable you to get tax relief and allow you to purchase commercial properties in your pension fund, without having to pay capital gains tax.

Has he set up offshore companies and trusts that allow you to accumulate vast amounts of wealth totally tax-free?

Does he help you plan to keep your wealth? Have you done your Inheritance tax planning?

Does he plan for the future sale of your business? The worst scenario should be a 10% tax liability; the best is no tax liability.

Do you receive advice throughout the year on how to reduce your tax bills?

Is he aware of how goodwill of your pharmacy is valued generally?

Is he aware of expected gross profit margin within your business?

Does he guide you on how to increase your profits?

Is he aware of the payment methods of the PPD?

Is he aware of the average stock holdings of your pharmacy?

Does he have contacts in the pharmaceutical industry with stock takers, EPOS providers, shop fitters, purchase/sale agents, and specialist finance providers?

Does he prepare your accounts and tax returns on a timely basis?

If your answers are mainly NO, you need our help urgently. Contact us for a free meeting.

 
 
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