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February 3. 2020

FBTC Accountancy Services receives Feefo Platinum Trusted Service Award 2020

FBTC Accountancy Services are thrilled to have won the Feefo Platinum Trusted Service award. This is an independent seal of excellence that recognises businesses for delivering exceptional experiences, as rated by real customers. Feefo have given the Platinum Trusted Service award to FBTC as they have achieved Gold standard for three consecutive years.
 
Alan Gott, FBTC Manager, commented: ‘We greatly appreciate clients taking the time to leave us feedback. Here at FBTC we take pride in supporting clients to the best of our ability’.


Congratulating FBTC on winning this year’s award, Steph Heasman, Director of Customer Success at Feefo, commented: “The Trusted Service award has always been about recognising companies that go way beyond the norm in customer experience and generate great feedback from happy customers.  


Well done team!



January 21. 2020

Another positive year ahead for the Driver Training Industry

FBTC are excited to share another year’s analysis on the Driver Training Industry. The report focuses on the key areas of Driving Instructors’ workload, earnings and levels of job satisfaction. A continued trend from last year is the presence of a smarter working week and high levels of job satisfaction.  

The overall findings of this year’s survey show another positive year;


Read the full 2020 Driving Instructor Review here 2020 Annual UK Driving Instructor Review.pdf (401KB)

November 22. 2019

THE FINAL COUNTDOWN

With 70 days go to file your 2018/2019 tax return, what are you waiting for? With plenty of fun and games to be had between now and the end of January don’t delay your tax return any more. You never know what could happen between now and the tax return filing deadline. Such as unforeseen circumstances to technical difficulties, to realising you don’t have all the required information or just getting caught up in the festivities! 
Last year 750,000 self-employed people missed the filing deadline and instantly received £100 penalty. HMRC received this massive amount of income from penalties and I am sure you would rather get some bargains in the January sales than pay for an unnecessary fine.
 
From those that missed the filing deadline there were some, let’s say creative, reasons reported to HMRC, which included;

  • My mother-in-law is a witch and put a curse on me
  •  I’m too short to reach the post box
  •  I was just too busy – my first maid left, my second maid stole from me, and my third maid was very slow to learn
  • Our junior member of staff registered our client in Self-Assessment by mistake because they were not wearing their glasses
  •  My boiler had broken, and my fingers were too cold to typo

Having all the information is one thing, completing the return, using your allowances and paying the correct amount of tax is another. 
Angela MacDonald, HMRC Director General of Customer Services, said: “Help will always be provided for those who have a genuine excuse for not submitting their return on time but it’s unfair to the majority of honest taxpayers when others make bogus claims."

So, what do you need to complete your tax return, aside from a little less procrastination:
It is always good to check your options and instructing an accountant to support you with your tax affairs isn’t a bad thing! Yes, you will have to pay for the service, but it is an allowable business expense. which is included within your total outgoings and deducted from your total income.
Did you know 2,616 taxpayers submitted their tax return on Christmas Day last year! Don’t be included in this figure this year, spend more time listening for sleigh bells and less time on your self-assessment. 

About FBTC Accountancy Services 
Covering the whole of the UK, FBTC provides service to more than 2,000 clients. Wrapped up in one £30 monthly fee, FBTC will: 

  • Self-employment registration 
  • Compilation of annual accounts 
  • Annual tax returns 
  • All communications with HM Revenue & Customs 
  • Access to making tax digital compliant software  
  • Tax and accountancy advice 

To contact the team for a no obligation chat click here and complete the enquiry form to the right.

 

October 1. 2019

FBTC will keep you OnBalance

FBTC Accountancy Services have now released their new bookkeeping software, which is included as part of the all-inclusive £30 monthly fee. All FBTC clients will be provided with the Making Tax Digital (MTD) compliant software, that will make bookkeeping easy!

The MTD compliant software allows you to add income and expenses with a click of a button, scan your receipts and submit business records directly to FBTC.

The accounting software is perfect for small businesses and FBTC have taken time to ensure it is right for their clients. Alan Gott, FBTC Manager is thrilled with the new software, ‘We have just started rolling the new software out to clients and it is great to receive such positive feedback already, it is definitely the highlight of 2019 for the team and our clients’.

The secure access system called OnBalance, is an extremely accessible system that allows users to access data anytime and anywhere. As it is cloud based software all you need is an internet connection to log in. Perfect when you are out and about running your business. You can keep records on a real time basis which will mean you save time when it comes to record keeping and juggling your work life balance.

As FBTC will take care of maintaining, updating and continuous improvement of the system you will always be running the latest and greatest version.

The further benefit of the software is that you can easily separate your transactions, for example if you have multiple trades and/or property income. Before FBTC invite you to start using the software they will set it up to include each of your trades meaning you can simply register, login and start recording transactions within minutes. Once you have entered transactions the handy dashboard will give you some of the key performance indicators of your business such as total turnover and expenses.

So, what else would make the completion of your tax return easier, other than a great accountant and first-class bookkeeping software? We think quick submission to your accountant is vitally important. With a click of a button you can send FBTC your data instantly. Using OnBalance with FBTC, will also give you MTD compliance as you are keeping digital records and using software to submit your records.

MTD, for those that are non-VAT registered, isn’t now set to be mandated until April 2021 at the earliest and HMRC do need to confirm an exact roadmap of how it will be enforced but FBTC are keeping abreast of the MTD updates as they are published and will keep you fully informed.

If you would like to know more about the software or joining FBTC Accountancy Services complete theSend us an enquiryform to your right or call us on 0344 984 2515.

February 13. 2019

Save your Valentine tax this year

Love is in the air, roses, wine and chocolates are everywhere and yet some of us are still thinking about tax. Although we would never give dating advice (trust me you really wouldn’t benefit), when it comes to tax, we really know our stuff. The Marriage Allowance is a little tax saving gift definitely worth having, a simple election could help you save around £238 in 2018/19, and while this may not seem like a lot, have you seen the price of roses, so every little helps.

I know we have made light of it here but please don’t read the above and think we are not serious, the days of huge tax savings are gone, so making as much of the little savings as you can is the best way to try and reduce you tax bill. If you or your partner aren’t making full use of your Personal Allowance, £11,850 in 2018/19, then this is something we would strongly recommend. The link below will take you to a HM Revenue and Customs website where you can make the election:

https://www.gov.uk/apply-marriage-allowance

If you are not sure about the election or would like to talk it over with someone please do call us, the team are here to help. 

February 8. 2019

FBTC Accountancy Services receives Feefo Gold Trusted Service Award 2019

For the third year running, FBTC have won the Feefo Gold Trusted Service award. The award is an independent seal of excellence that recognises businesses for delivering exceptional experiences, as rated by real clients.

 

Created by Feefo, Trusted Service is awarded only to those businesses that use Feefo to collect genuine reviews and insights. Those that meet the high standard, based on the number of reviews they have collected, and their average rating, receive the award. FBTC achieved a Feefo service rating of 4.8/5 throughout 2018.

 

As all reviews are verified as genuine, the accreditation is a true reflection of a business’ commitment to outstanding service.

 

Alan Gott, FBTC Manager commented: “At FBTC we want to be more than just a voice on the phone, we care about the people we talk to. For our clients to have picked up on this and for them to take the time to give us such great reviews is really appreciated by us all. Feefo enabled us to consistently improve throughout 2018 and now we’re looking forward to another successful year ahead.”

 

Congratulating FBTC Accountancy Services on winning this year’s award, Matt West, CEO at Feefo, commented: “The Trusted Service award has always been about recognising those companies that excel beyond the norm. I’m looking forward to the continual success of the businesses that work in partnership with us throughout 2019.”