February 2024 - WCS Devon Somerset Accountants

Xero accountants and advisors

info@wessexcommercial.com

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Business people look over financial statements

9 February 2024

Understanding Your Balance Sheet and ‘Cut Off’: A Deep Dive for Somerset and Devon Businesses

We take a look at the key takeaways from our recent LinkedIn Live event for businesses in Somerset and Devon. What is a Balance Sheet and Why Does It Matter? Graham Potts, Chartered Accountant and Managing Director at Wessex Commercial, explains that a balance sheet is a financial snapshot of a business at a specific … Continued

In less than 1 month, with effect from 1 April 202

In less than 1 month, with effect from 1 April 2023, Corporation Tax will increase from 19% to 25%.👉 But, what does this mean for you and your Business? We've put together this post to walk you through it, and the next potential next steps.If you are unsure or need support with your tax planning, contact our friendly team today for professional advice:📱 01935 385929
✉️ info@wessexcommercial.com
💻 wessexcommercial.com#WessexCommercial #WCS #TaxPlanning #taxincrease #corporationtax #accountant #xero #devon #somerset #localbusiness #businesssupport #wcsnotjustaccountants

Quick #Xero tip for you! 👇Video No.9: Stop ma

Quick #Xero tip for you! 👇Video No.9: Stop manually forwarding emails 🧐Interested in switching to Xero or want to get more out of it? From training to management, we are Xero specialists and are here to help.👉 Looking for more tips? Download our free guide, ‘22 ways to get more out of Xero’, here: https://www.wessexcommercial.com/more/#WCS #WessexCommercial #Accountant #Business #Growth #Profits #Strategy #Freeguide #wcsnotjustaccountants #video #accounting @xero

Thank you for your Google Review Jonathan 😄 We

Thank you for your Google Review Jonathan 😄 We are 'more than just accountants', with a real passion for and experience within business, we can help you to understand your business finance and the growth opportunities available to you 👍If you're looking for an accountant to help your business grow and keep you informed, our monthly packages are designed to:- Make sure you know how well each part of your business is doing (your margins);
- Talk through the changes you need to make to improve results;
- Show you how you can improve cashflow.Our team are on hand to answer questions, with no fear of surprise bills!👉 Learn more about us and get in touch today. We'd love to hear from you: www.wessexcommercial.com#wcs #wessexcommercial #wcsnotjustaccountants #xero #business #growth #profits #devon #yeovil #cashflow #results #testimonial #feedback #smallbiz

Planning ahead and arming yourself with the right

Planning ahead and arming yourself with the right information can help you to adapt, survive and even thrive in tough economic times, such as a potential recession 📉In our next LinkedIn Live, we’ll look at key issues to address, and the practical steps you can take in your business today. It is an important topic for any business owner.Join us this upcoming Monday 6th March 12:30 pm - 1:30 pm as we continue our 'Grow your Business with Graham' series. Get a reminder for the event here: https://www.linkedin.com/video/event/urn:li:ugcPost:7035916353442054144/ 🤩Are we in recession? 🧐Recession is usually defined as when Gross Domestic Product (GDP) falls for two quarters in a row. We’ve narrowly avoided it, with a fall in GDP in Q3 followed by 0% growth in Q4 2022. The International Monetary Fund (IMF) thinks our economy will shrink in 2023, and there’s no argument that we’re experiencing tough times with inflation running at over 10%, and food, bills and housing costs much higher.👉 How will I benefit from the event?As business leader, owner and chartered accountant, Graham has been through more than one recession. In this live event we’ll discuss the problems (and opportunities) brought by recession. We’ll explain why it’s vital to protect your cashflow, and how to do this. Furthermore we’ll share ways you can adapt to change.You’ll be able to put your questions directly to Graham on the day too! 👍#WCS #WessexCommercial #WCSNotjustaccountants #recession #recessionuk #linkedinlive #accountant #business #growth #profits #biz #strategy #inflation #margins

Making Tax Digital for Income Tax Self-Assessment

Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will now come into effect in April 2026 for self-employed individuals, and landlords with gross business and/or property income over £50,000 👍Reducing human error by keeping digital records and submitting tax information digitally is one of the benefits of MTD cloud accounting software, such as #Xero.Xero gives you everything you need to run your business and, as Xero specialists, we can help you to set up and manage it, and provide you with the training you need 🙂Become Making Tax Digital ready with us. We’d love to hear from you:💻 https://wessexcommercial.com/contact/
📞 01392 249116#WessexCommercialSolutions #WCS #WCSNotjustaccountants #mtd #tax #business #profits #makingtaxdigital #HMRC #Accountant #yeovil #exeter #devon

How can you adapt, survive and even thrive in toug

How can you adapt, survive and even thrive in tough economic times? 📉In our next LinkedIn Live, we’ll look at key issues to address, and the practical steps you can take in your business today.Join us next Monday 6th March 12:30 pm - 1:30 pm as we continue our 'Grow your Business with Graham' series. Get a reminder for the event here: https://www.linkedin.com/video/event/urn:li:ugcPost:7035916353442054144/ 🤩Are we in recession? 🧐Recession is usually defined as when Gross Domestic Product (GDP) falls for two quarters in a row. We’ve narrowly avoided it, with a fall in GDP in Q3 followed by 0% growth in Q4 2022. The International Monetary Fund (IMF) thinks our economy will shrink in 2023, and there’s no argument that we’re experiencing tough times with inflation running at over 10%, and food, bills and housing costs much higher.👉 How will I benefit from the event?As business leader, owner and chartered accountant, Graham has been through more than one recession. In this live event we’ll discuss the problems (and opportunities) brought by recession. We’ll explain why it’s vital to protect your cashflow, and how to do this. Furthermore we’ll share ways you can adapt to change.You’ll be able to put your questions directly to Graham on the day too! 👍#WCS #WessexCommercial #WCSNotjustaccountants #recession #recessionuk #linkedinlive #accountant #business #growth #profits #biz #strategy

At Wessex Commercial Solutions, we're more than ju

At Wessex Commercial Solutions, we're more than just accountants. Our advice and services are based on knowledge, real-life experience and a true understanding of the unique challenges facing owner-managed businesses. We've been there, we understand, and we're here to support you 👍If you're looking for an accountant to help your business grow, our monthly packages are designed to:- Make sure you know how well each part of your business is doing (your margins);
- Talk through the changes you need to make to improve results
- Show you how you can improve cashflow.Our team will be on hand to answer questions, with no fear of surprise bills!Learn more about us and get in touch today: www.wessexcommercial.com#whyus #wcs #wessexcommercial #wcsnotjustaccountants #xero #business #growth #profits #devon #yeovil #cashflow #results

01935 385929

info@wessexcommercial.com