Accountants in Cornwall

by

Alex Blackwell

The importance of accuracy in accounting cannot be overstated. Millions are lost every year in the UK to incomplete accountancy, lack of expertise in tax-related issues, and mistakes in investment schemes. This is true for individuals and businesses alike, as opportunities for increased dividends from stock holdings, ISAs, and capital investment are lost to ill-informed or incompetent advice. There are thousands of people in the South-West area who could be benefiting from a better understanding of the potential gains that are collecting dust in savings accounts and stock portfolios, and residents of Cornwall are no exception.

The possibility of increasing one’s assets, however small or large they are, can be assured if one seeks the advice of select accountants in Cornwall who are educated and experienced in the inner workings of asset management. This knowledge and expertise applies to everyday bookkeeping and payroll methods as well as to advanced investment and retirement planning. It is surprising how much wealth is lost due to insufficient accountancy, to put it mildly, and hiring the services of a qualified accountant is on a par with having a banker in the family. The average wage-earner or business owner is generally aware of tax laws that apply to their endeavours, and likely no more than that. Sadly, the potential to increase one’s wealth, even on a modest pension, goes unnoticed each year due to an ignorance of the available – and legal – methods of figuring taxes and using assets that accountants in Cornwall have at their fingertips. Anyone can benefit from the advice of a reputable and well-informed accountant, regardless of their income or situation in life. For instance, the individual who has opened an ISA (individual savings account) merely to store their weekly pay has no idea that they can invest up to half of their savings in a tax-free way. Income from investments in building society accounts, unit trusts, and life assurance is non-taxable. Capital gains earned on investments held in an individual savings account are exempt from the capital gains taxes as well. These two bits of information alone can increase a person’s assets substantially if they had access to the knowledge that is part and parcel of the everyday work of accountants in Cornwall. Business entrepreneurs can benefit greatly from informed accounting as well, regardless of the size of the endeavour. The small start up and the multi-tiered corporation alike are dependent on precise bookkeeping for the continuous and successful operation of their business. This may seem to be self-evident, yet thousands of pounds are lost every year not just to accounting mistakes, but to inadequate and short-sighted accounting practices that do not take advantage of the many subtleties of asset management and tax returns, to say nothing of the potential gains that can be won from venture capital investments using assets that are already available in a business’ spread sheet. These are just a few of the ways in which an experienced accountant can be of invaluable service. Given the complexity of tax machinations and the specialised knowledge that is required to maximise one’s earning potential, it would seem nearly unthinkable to approach one’s financial undertakings without the solid advice of accountants in Cornwall.

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Accountants in Cornwall

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