Professional Services

Accountancy

Exchequer Business Services maintains a directory of affiliated Chartered Accountancy firms who meet the strict criteria of providing competent management of your company's financial well-being. If you require accountancy services just complete the Information Request Form (below) or telephone 0151 928 5183 Exchequer Business Services will profile your business and make the necessary introductions to one of our registered Chartered Accountants, local to your centre of operations. All contacts are maintained on a personal level, ensuring the highest level of confidentiality and no contacts are ever passed to a third party without express permission.

Legal Advice

Exchequer Business Services can assist you with the provision of legal advice and consultation using affiliated company lawyers. Confidential answers to your questions on company law and other related matters can be quickly obtained and problems effectively resolved.

Factoring

A newly incorporated business has many vital decisions to make regarding the successful progress of its trading status. Probably the most critical decision is "How do I fund my business?". Yes you produce a product or service for which you charge, but how long will you have to wait for payment and, more importantly, how long will your Bank be prepared to wait!

The answer.....FACTORING.

Exchequer can set up a factoring agreement with one of the U.K's largest factoring companies. Using factoring facillities your company will immediately (within 24 hours) receive up to 90% of the gross value of unpaid sales invoices with the remaining balance paid, once settlement is made by your customer. A small fee is charged on each transaction by the factorers.

Secretarial Services

Exchequer Business Services offer a wide range of secretarial services designed to make the efficient running of a company that much simpler for the hard pressed business manager. Click HERE for the full range of our Secretarial Solutions.

Company Cars

In the March 2000 budget the Chancellor announced details of a major reform of company car tax, with cleaner more efficient cars being rewarded with lower tax benefits to the driver.

The new tax charge is based on a percentage of the car's list price graduated according to the level of Carbon Dioxide emissions. The charge will start at 15% of the car's list price for cars emitting 165grams per kilometre (g/km) of CO² with 1% increments for additional 5 g/km of CO² with a maximum of 35%. For the tax years 2003-4 and 2004-5 these emissions fall to starting rates of 155g/km and 145g/km respectively. The emissions level of CO² are now being provided by car manufacturers as part of their marketing material and it is worth checking these details from the outset. Diesel cars will be subject to a 3% supplement but this will not take a maximum charge above 35%.

Older cars i.e. registered before January 1998, will be taxed according to engine size with a maximum being 32% of the list price and cars with no approved CO² emissions figure will be taxed according to engine size, with less than 1400 cc at 15%, 1401 - 2000 cc at 25% and above 2001 at 35%.

Thus for many high mileage company car users, the benefit in kind is set to increase significantly and will consequently lead to a higher tax charge each year. To compound matters, employers are also going to have to pay increased Class 1a National Insurance Contributions on these benefits in kind!

Please do take professional advice before you apply the information in this article to your particular circumstances. Exchequer Business Services do not accept any liability for loss to any person from acting or refraining from acting in reliance of any material in this article.

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