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Just B Fitness
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"This lead to no Income Tax being payable for the first two years of the business being in operation."
Just B Fitness
Arthur Francis Accountancy were initially contacted by Just B Fitness in September 2018 to discuss becoming their accountant due to a change from employment to starting his own business.
Discussions initially took place to run through the business, the various revenue streams and what was needed to meet the statutory requirements. We ran through the entire process from initial contact with HMRC to the what paperwork is required and the expenses that can be claimed.
Once the services were agreed, Arthur Francis Accountancy performed their initial review to highlight any issues and ensure the most tax efficient way of their first years accounts. Upon this review it was clear that the First Year Rules would be applicable and be the most tax efficient way of producing the accounts. This lead to no income tax being payable for the first two years of the business being in operation assisting with cashflow and building for the future.
Since then, we have continued to work closely with Just B Fitness, providing help and support along the way.
We look forward to our continued working relationship and assist in taking the business to the next level.
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Financial Fitness - How well are you doing?
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Blogs and Case Studies
How to Reduce Business Expenses Without Compromising Growth
Creative Industry Tax Reliefs: How UK Businesses Can Save Big
