Nicola Draper founder Draper Hinks At Draper Hinks we have a team of people dedicated to doing a really good job for our clients. We are a transactional business. When we get a practice for sale we sell it. That is why you do not see long lists of firms for sale on our website, we have sold them! …
September Newsletter 2024
Nicola Draper founder Draper Hinks At Draper Hinks we only deal with accountants in practice and have sold many hundreds of practices. We still come across scenarios that we have not seen before because we find that accountants can be very creative when it comes to numbers and how to structure a deal. We have been known to advise …
Vendor Story £111,360 Tamworth
Details of a deal done in 2023 Fees sold £111,360 Where Tamworth Qualified FMAAT Age 72 Time scale 3 months Type of Practice Sole Practitioner Payment 2 tranches How paid 50% & 50% Multiple 1 x fees When paid Completion and 12 months Offers 4 offers Office & staff No office and one subcontractor Results Vendor decided to do some …
Why you should be VAT Registered
Are you VAT registered? Are you close to the threshold? What should you do? The VAT threshold for 2024 is £90,000 (up from £85,000). The government announced this increase in the Spring Budget, with the new threshold coming in from 1 April 2024. The VAT registration threshold is set by HMRC every year – but it had remained unchanged since 2017-18 until increasing …