Telephone: 01277 355235

Typical case studies

The following case studies illustrate some of the typical clients we work with and some of the most common challenges we encounter. The majority of the clients featured were new to Taylor, Viney & Marlow at the time the issues were addressed and resolved.

Type of Business	Nature of concern	TVM assistance	Outcome
Secuity services - turnover £15m	Temporary short-fall of in-house accountancy staff	A member of our staff was assigned on a near full-time basis to assist in bringing management accounts up to date.	The rapid turnaround of accounts allowed urgent management decisions to be taken.

Leisure company - turnover £100k	Client was faced with £50,000 of VAT assesssments following an inspection	A detailed examination of the client's records enabled us to enter into discussions with HM Customs and Excise in respect of certain technical issues.	The assessments were reduced by approximately £40,000 and an agreement was reached to pay the balance in instalments.

Carpentry - turnover c£1m	Cashflow restraints due to large debtor balances	We assisted the company in renegotiating its factoring agreement both in terms of charges and advances.	Improved cashflow leading to improved creditor relations and reduced borrowing costs.

Recruitment - turnover £1.5m	Poor cashflow and lack of management information	We bought outstanding annual accounts up to date and produced management results and projections.	Company was able to focus on cash control and profit margins while reducing unnecessary overheads.

Importers - turnover £3m	Lack of tax planning	We instigated a review of family shareholdings, dividend payments and timings, maximising the efficient use of tax rates and allowance.	Tax bills were reduced by £15,000 p.a. and at lower fees than those charged by previous advisors.

Design - turnover £1m	Potential medium term sale of business	We arranged for trusts to be created with a view to reducing the potential tax liability when the sale eventually occurs.	Tax savings of over £60,000 will be acheved when the business is sold.

Distribution - turnover c£3m	Underdevelopment of management information systems following period of significant growth.	We redeisgned the accounting records and brought annual accounts up to date; this enabled a system of management reporting to be introduced, replacing the previous compliance-led reporting.	The business was able to identify problem areas; we now produce quarterly accounts and projections for the client.

Farm smallholding	Draft contract for sale of land would have resulted in excessive tax being payable, a part of which was due before receipt of sale proceeds	We assisted the client in renegotiating the deal using options to defer tax payments and removed parts of the proceeds from a tax charge altogether.	Many thousands of pounds of tax were saved and payment deferred until proceeds of sale were received.