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OBP Newsletter

July 2019

We’ve had a busy few weeks at Obp. We have taken on new clients and we would like to say a huge thank you to everyone who has recommended us. We would also like to say thank you for the many Google business reviews that we have have received. We really appreciate your support. 

We would also like to welcome Tom to our Team. Tom has been working tirelessly on our Website and Social Media Campaigns to provide informative and practical material for everyone to use. We have had a lot of positive feedback about our website and its content, so please take a look and if you think there are any improvements that can be made, we’d love to hear from you. 

We are also very keen to promote our clients on our social media and our website, so please let us know if you’d like to be featured. 

In Other News

Big Expansion at Graff City LTD

A big congratulations to our client Alun Jenkin on the expansion of his business Graff City Ltd. 

Alun began selling graffiti spray cans at the age of 17 in his bedroom, and through sheer hard work, determination and skill he has been able to expand substantially by the age of 30.  They are one of the biggest suppliers in the UK and they stock  more that 120,000 spray cans and have many more graffiti based products and art supplies.  

The business has recently expanded into new premises, employs 12 staff and will turn over £3 million this year. Even though 99.9% of sales are currently on-line, the new premises houses a retail outlet and there are also plans for them to develop a graffiti workshop in order to provide space, support and training for local artists and school to discover the culture of graffiti art.

If you would like to have further information about Graff City, please take a look at their website https://www.graff-city.com/

Making Tax Digital

MTD comes into effect from next month. At Obp Chartered Accountants we’re ahead of the game and have already submitted VAT returns through Quickbooks, Xero and Sage. We want to make sure that we can help relieve the stress and the headache of submitting VAT Returns in light of the new MTD changes and we are able to undertake the process for you. 

The last few weeks we have been busy meeting clients and setting them up on the new systems. We have been explaining the MTD process and either helping them to submit their VAT returns or submitting their VAT returns on their behalf. No question is silly as we appreciate that MTD is a new process and everyone is currently learning with little or no guidance from HMRC. 

If you do need some help with this please let us know and we’ll be able to help you with any query that you have. 

HMRC Are Tightening Their Grip

Protection is available with our tax investigation service.
 When you subscribe to our service we are able to make a claim against our insurance policy held with Professional Fee Protection in respect of our fees incurred (up to £100,000 per claim unless otherwise indicated) when we defend a client who is subject to enquiries, inspections, disputes and compliance visits.

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