Welcome To The Chartwell Practice

Chartered Accountants And Business Advisors

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Welcome
To Chartwell

At The Chartwell Practice we are passionate about what we do. The whole team believes in being approachable, friendly and proactive accountants. We work alongside you – a real part of your team – helping you to become even more successful.

BOOK A FREE CONSULTATION

Accountants in Burton-On-Trent

Tax specialists for all businesses in Burton on Trent

At The Chartwell Practice, we are passionate about what we do. The whole team believes in being approachable, friendly and proactive accountants. We work alongside you – a real part of your team – helping you to become even more successful.

We started our own business some years ago so we know what it is like to start out and grow a business from scratch. When we give tax and business advice we can show that it really does work – having experienced the challenges involved in running our own business and having worked with client businesses of all sizes.

Accountants in Burton-On-Trent

At The Chartwell Practice, we are passionate about what we do. The whole team believes in being approachable, friendly and proactive accountants. We work alongside you – a real part of your team – helping you to become even more successful.

We started our own business some years ago so we know what it is like to start out and grow a business from scratch. When we give tax and business advice we can show that it really does work – having experienced the challenges involved in running our own business and having worked with client businesses of all sizes.

Where are you on your business journey?

Our promise
to you:

Peace of mind that your financial statements and tax returns are in safe hands

Help you to gain a better understanding of your business and financial position

Ensure you are meeting all of your tax obligations and paying the minimum amount of tax

Keep you up to date with the latest developments which may affect your business

Access to a professional team who have a desire to help you succeed

We will support you throughout the growth and development of your business

Some Of Our Key Services

Some of our key services

Chartwell News

Are loans to directors and employees tax free?

By Anna Stubbs • 14 May, 2024
If you’re a director then taking out a director's loan against the cash in your limited company might seem like a sensible thing to do. But the reality is that overdrawn loans to directors can lead to unintended tax consequences if they’re not properly managed.

HMRC is cracking down on additional income sources

By Anna Stubbs • 14 May, 2024
HM Revenue & Customs (HMRC) has an obligation to ensure we all pay the correct amount of tax. But with many UK taxpayers now earning money from various ‘side hustles’, like eBay, Etsy or Airbnb etc, there’s a growing need to widen the net and review all sources of income. HMRC’s new initiative aims to weed out taxpayers who aren’t fully declaring their income sources , with detailed investigations to prosecute any wrongdoing.  So, what does HMRC see as a ‘source of additional income’, and what could the impact be on your tax bill if you fall within the scope of HMRC’s new initiative?

The seventh cause of poor cashflow - Sales levels are too low

By Anna Stubbs • 19 Apr, 2024
It might sound obvious, but it isn’t to many businesses. If current sales levels don’t support the overheads and other cash demands on the business, then your overdraft will keep increasing. This means that your business in its current state is not viable (unless you have ongoing access to new funds from investors or financiers). There are five ways to improve your sales levels. These are: 1 . Increase customer retention . Stop your customers from defecting to the competition. 2 . Generate more leads . Gain more enquiries from people who are not yet customers. 3. Increase your sales conversion rate. Get more of your prospects to buy from you. 4. Increase transaction frequency. Engage your customers to buy from you more often. 5. Increase transaction value. Help your customers to buy more products or services from you. There are literally hundreds of individual strategies that you can implement within these categories to increase sales. Sending you a list would be pretty silly of us and overwhelming for you. Some strategies don’t apply to your industry, and some just won’t work in your business for whatever reason. What we have found through experiencing a wide range of client situations over the years, is that certain things do work in each type of business. There’s a pattern that we see in clients - both good and bad! How does a business grow its sales without its owners becoming overwhelmed by a mountain of change? The best and most supportive way to grow and improve a business is to have someone looking over your shoulder from time to time, helping you build a plan and a forecast, and keeping you accountable to making the changes that will make the most important differences. Without that support, we all end up in our business and never working on it. Talk to us about how we can provide that support.
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