Sound advice from the experts

Stourbridge-tax-tipsDudley accountants Lewis Smith & Co. pride themselves on adding value to their clients’ business.  They always look for ways to save money on tax and, being business savvy people, they can spot ways of making money too.

Arrowsmith recently helped Andrew and Craig at Lewis Smith & Co. pull together their favourite 6 tax saving tips for sole traders and small businesses.  The emphasis in choosing this list was on practicality.  Sometimes accountants can be accused of dreaming esoteric ways of reducing the amount of money that goes to HMRC that not many organisations can put in place.

The article on the Lewis Smith & Co. website provides the detail but here are the tip headlines:

  • Good record keeping
  • Claim allowances
  • Incorporate
  • Use software
  • Be on time

I just about scrape in against these criteria, although the pile of receipts on my desk suggests my record keeping could be better.  How do you fair?

Lewis Smith & Co. provide excellent accountancy services to businesses around Stourbridge (including me), Dudley, Kingswinford and beyond.

Gareth

 

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