Levett Associates

Levett Associates We are friendly, approachable Olney accountants working with established companies, business startups & individuals, offering hands on accountancy services

We are hands on accountants for new business startups, established businesses and individuals looking for personalised tax, investment and business advice to maximise their cashflow, meet legal obligations and grow their companies

Another great post by one of my lovely clients Hello Melody Branding - Design & Photography making a good point about ta...
02/02/2022

Another great post by one of my lovely clients Hello Melody Branding - Design & Photography making a good point about tax returns.

Any costs you incur in branding or rebranding are all deductible for tax so reduce the amount you pay over to HMRC !

Well worth giving Melody a call 🙂

Wow 2nd February already. Happy Wednesday my lovelies.

Hopefully you've all got your tax returns in. I'm often told by my clients "I would rather pay you than the gov". Lol which is very true. Better to invest in your business and feel the benefits. Growing your brand in the way you would like to.

So if you are wanting to rebrand and really make a difference to what you do, giving you focus and making your branding smile, then just to let you know that I have only got a few more spots left starting February / March. I try to limit the amount that I start, so that I can give quality time to each one of you.

Whether that is a brand clarity consultation, brand design, brand photoshoot or adding marketing materials, social media, mentoring and website. Message me to start the ball rolling and before April.

Maybe your New Year's resolution is to follow your dream and start up that business you've been dreaming about for such ...
13/01/2022

Maybe your New Year's resolution is to follow your dream and start up that business you've been dreaming about for such a long time ?

I've spoken to several new clients already this year who are making that dream happen

If you'd like to find out more about what setting up a new business involves and need some support then please get in touch

Thanks to Hello Melody Branding - Design & Photography for all her hard work with me last year - looking forward to the next 12 months working together !

Happy
These are just some of the women that I have had the pleasure to work with over the last year that have inspired me. They are all amazing female entrepreneurs that have realised their passion, whether that is floristry, ceramics, beauty, dog training, accountancy, fitness, wellbeing or children's nature education.

They had a dream of what life could be like if they took the plunge and just followed their dreams. Being a specialists in their field, making a difference to people's lives each day. Making a dream their reality.

I, myself still pinch myself every day thinking how lucky I am to be able to run my own business. To help inspire others to achieve their dream. To be confident in what they do and create the right message to others.

"The best way to make dreams come true is to wake up” - Ambroise Paul Toussaint Jules Valéry, a French poet, essayist, and philosopher.

Do you have a dream of running your own business, but don't know where to start? You need clarity on who you are and what your brand should be like. I can help with this.

My passion is to help artisan, wellbeing and rural small businesses to discover the true soul of their brands and make them smile.

Well, it had to be D for Darcy this week didn't it ?  Either that or D for dog !D is also for dividend which is a tax ef...
19/11/2021

Well, it had to be D for Darcy this week didn't it ? Either that or D for dog !
D is also for dividend which is a tax efficient way for you to pay yourself from your limited company.
However, it's important to make sure that you have enough profits in the business to pay the dividend. This is where good record keeping and bookkeeping software can help you.
Sometimes Mum has clients who take too much dividend from their company which can end up costing more in tax and fees so it's best to keep an eye on this. You know where to come if you need any help.
D is also for Debit and Double entry bookeeping - these are things that Mum is really good at but are completely over my head !
We look forward to meeting you soon.

Hi, it's Darcy here again.  Last week I talked about bookkeeping and mentioned the cloud.  There are lots of different o...
12/11/2021

Hi, it's Darcy here again. Last week I talked about bookkeeping and mentioned the cloud. There are lots of different options for cloud based bookkeeping solutions. Mum often talks to her clients about Xero and Sage and I know that some also use FreeAgent. You can have a free trial of most of them which is a good way to work out which one you feel most comfortable with.
Some of the desktop versions of software, for example Quickbooks, are going to be unsupported soon so now is a really good time to look at cloud based solutions for your business. It makes life easier for Mum as well as we can see your figures online at the same time as you ! Clever eh ?
If you are unsure about cloud based bookkeeping and would like to talk it through just get in touch, we'd love to see you.
I'll be back next week !

ps C is also for carrotts, chews and cuddles

Mum is always talking to clients about the best way to keep their accounting records up to date and how important it is....
05/11/2021

Mum is always talking to clients about the best way to keep their accounting records up to date and how important it is.
There are lots of different ways to do this from a simple spreadsheet to cloud based software (more about that next week, yes, C is for cloud !).
Some people are worried about keeping good records but as long as you are organised and keep on top of things then you will be fine.
If you would like any help with your records or have any questions about which method or software would be best for you then come and see us, the first meeting is always free !
And before I go, B is also for biscuits, which are much more important if you ask me.

‘A’ is also for authorities – those people that a good accountant, like my Mum, will help you to deal with and to comply...
29/10/2021

‘A’ is also for authorities – those people that a good accountant, like my Mum, will help you to deal with and to comply with the rules and deadlines that they set
‘A’ is for avoidance – as opposed to tax evasion which is illegal, a good accountant will help you to minimise your tax liabilities and arrange your affairs in the most tax efficient manner
‘A’ is for advice – a good accountant, like my Mum, will take time to get to know you and your business and will communicate regularly with their clients, keeping them informed of changes in regulations and how this may affect them
'A' is for ACCA - this is the professional body that my Mum belongs to which makes sure she is properly qualified and regulated

If you need any help with your accounts and tax get in touch with me or Mum to see how we can help, the first meeting is free !

The Autumn Budget yesterday didn't contain any real surprises.  For the main points see my latest blog.  If you have any...
28/10/2021

The Autumn Budget yesterday didn't contain any real surprises. For the main points see my latest blog. If you have any questions about how these changes might affect you get in touch to arrange a meeting or a call.

https://www.levettassociates.co.uk/autumn-budget-2021/

Mum is always talking to clients about the best way to keep their accounting records.  The better the records are, the l...
22/10/2021

Mum is always talking to clients about the best way to keep their accounting records. The better the records are, the less time it takes Mum to prepare the accounts which means more time to go for a walk !

Apparently there are lots of different options for businesses to use including Sage, Xero and Quickbooks as well as a good old fashioned spreadsheet.

If you need advice on how you can improve your bookkeeping or what software would suit you best come and see us, the first meeting is always free.

I look forward to meeting you soon, have a great weekend and I'll be back next week.

If you are looking for an accountant but are worried about the stereotype of an unapproachable grey suit sitting behind ...
21/10/2021

If you are looking for an accountant but are worried about the stereotype of an unapproachable grey suit sitting behind a desk then it's time to come and meet with me.

I am not your typical accountant, I don't wear a suit and am often to be found meeting with my clients whilst walking the office dog Darcy.

I'm interested in you and your business not where we meet or what I'm 'supposed' to look like. In fact, when people say to me 'oh, you don't look like an accountant' that's probably one of the biggest compliments I can receive !

The first meeting is always free so you have nothing to lose and everything to gain. Get in touch to see how I can help you.

Today is World Menopause Day.  There has been more coverage of this in the media lately and it is an important issue tha...
18/10/2021

Today is World Menopause Day. There has been more coverage of this in the media lately and it is an important issue that needs to be talked about and understood, not only by the women going through it but those that have yet to reach that stage in their life, their families and their employers.

The post below is 'borrowed' from another post I saw but it does help to highlight some of the issues that us menopausal women face but in a lighthearted way.

I hope you enjoy and maybe even learn something from it.

Menopause policies are the latest must haves in most organisations. Most are total twaddle. So, I have written a proper policy here that you are welcome to send to your HR team to cut and paste into their people policies and procedures
Menopausal Women at Work: A guide for Managers
Introduction
As a fully diverse and inclusive organisation, our board of 12 white middle class men and one white middle class woman (HR) have approved this menopausal policy for immediate implementation.
At its core are various 'reasonable adjustments' that have made to accommodate the menopausal woman’s needs. For ease of use, this policy is split into various sections for each category of ‘reasonable adjustment.’ It is imperative that you are familiar with the full policy and adhere to all advice within it. Refusal to comply will result in disciplinary procedures against you (see end of this policy for details)
Temperature Control
Central to this policy is the ownership of temperature control - it will be handed entirely over to the menopausal woman. If others in the office complain that it is too cold, then they will be asked to wear a jumper and a woolly hat. It is essential that the menopausal woman can regulate the temperature around her as there is f**k all she can do about the raging inferno inside her. If anyone changes the temperature, they will be forced to spend the day with three jumpers, then six hot water bottles tied around their middle and a big woolly coat on while sitting beside a heater. This should develop the appropriate amount of empathy required to support the menopausal woman going forward.
Relationships with colleagues
The menopause can affect how a woman performs her work and her relationships with colleagues. For example, she may also often refer to her colleagues using such terms as 'Dicktard', 'Fu***it' and even the C word. She may be observed rolling her eyes and doing a two fingered salute during the more tedious of meetings. This is because falling oestrogen levels make her much more honest than the non-menopausal person. It is recommended therefore that you reflect and consider if perhaps the menopausal woman has a point. It is imperative that you foster a ‘psychologically safe’ environment for her to say exactly what she thinks.
As you know we are facing falling profits and to cut costs, we have decided to save a fortune on employee surveys by simply gathering all the menopausal women in our organisation and ask them what is pi***ng them off. We will share the results in due course.
Dress Code
Any dress code is to be relaxed for the menopausal woman. If the menopausal woman wants to wear a loose smock with Birkenstocks rather than pour herself into a tight skirt and blazer then this will be accommodated.
Indeed, she may choose to simply come to work in her pyjamas and this will not be discouraged – we are currently producing cotton branded pyjamas and would like menopause advocates to also wear them in solidarity. Bras are totally optional, and no comments should be made about t**s that, thanks to gravity, may peak out from below the pyjama top.
Menopausal Leave
The menopausal woman may find it beneficial to just p**s off from everyone and everything and sit on a beach in Greece either to write bad poetry by herself or to s**g the waiter like in Shirley Valentine. Every menopausal woman is different so there are no structured guidelines around this, but we have agreed with our Unions a 3 month menopausal career break on full pay as a minimum – requests for an extension will be considered on a case by case basis. This leave may not be shared with a partner even if they beg - it isn't about them. They can sort their own bloody manopause out (if you haven't heard of it, it's a bit like man flu but with motorbikes)
Perks/Benefits specific to the Menopausal Woman
Menopausal poverty is increasing, and no woman should be out of pocket because of this time in their life. It is a cruel truth that as the menopausal woman's eyesight starts to deteriorate their facial hair will start to increase. Laser eye surgery will therefore be offered as a tax-free benefit as well as high quality tweezers and strong magnifying mirrors. Free Tena ladies will join the sanitary protection in the toilets and vodka should join the chocolate in the vending machines. Note - JOIN - not replace.
Menopausal ambassadors will be around to help where required, with stocks of hankies; numbers for therapists (six sessions provided free of charge); vouchers for plus size stores; wine and chocolate in case the vending machines run out
As it is very likely that the menopausal woman will only find a cure for her insomnia three seconds before the alarm goes off and are therefore often exhausted during the day – there are now menopause rooms which are equipped with cool comfortable beds that rock the menopausal woman to sleep. Women have unlimited access to these rooms.
Mandatory Training
Mandatory training will be given to all managers to help them implement this policy (unless the manager is a menopausal woman in which case, she can have the day off to lie in bed and drink those wee cans of Pims you get in Tesco). This will commence with a full day’s immersion session to enable you to fully empathise with the menopausal woman. All managers will participate in such activities as:
• Standing in front of an industrial oven on full blast for 15 mins 4 times during the day to develop empathy for the hot flush
• Being put in a sealed room with lots of midges to understand better the unbearable menopausal itching.
• A temporary full-frontal lobotomy will be given at the end of the course and not reinstated after one week so the manager can experience brain fog and forgetfulness at first hand.
• Kneecaps and elbows will be struck repeatedly throughout the day with a hammer to replicate menopausal joint pain
As a family friendly organisation, additional places will be made available for partners and children of the menopausal woman where required.
It is recognised that additional training in conflict resolution may be required, and this will be an optional module that we believe most managers will choose to take up.
We believe these measures set the tone for a positive working environment for the menopausal woman. To ensure the long-term success of this policy any transgressions will be dealt with by a forum of menopausal woman headed by Big Mags who is looking for a change in career after an incident in her old customer service role. She is permanently hangry due to trying to get rid of the menopausal midriff and her totally understandable mood swings are legendary. Both these things make her the perfect candidate for dealing with any infringements of due process.

Clients often ask Mum whether it's a good idea to buy a new car through their business.Mum's answer is always 'it depend...
15/10/2021

Clients often ask Mum whether it's a good idea to buy a new car through their business.

Mum's answer is always 'it depends' !

Apparently having a company car can end up costing a lot of tax but there are other things to think about as well.

All I'm worried about is where the car is taking me, not what it costs but if your human wants to find out more the first meeting is always free.

I hope to see you soon.

It's lovely to get feedback from my clients especially when I can see the difference my advice makes to them as they gro...
13/10/2021

It's lovely to get feedback from my clients especially when I can see the difference my advice makes to them as they grow their business.

CherrypipGardens have done an amazing job growing their business and opening the shop and workshop space.

"We have been working with Levett & Associates for a couple of years now and have built up a great working relationship. Karen is both professional and approachable and her skills have taken away the stress and worry of accounts, that we have, allowing us to focus and get on with what we do best (all things gardening) and letting her do what she does best (all things accounting).

We are a small business, Karen's easy, uncomplicated manner allows us to to discuss our business requirements and needs and she is able to maximise our financial business potential. She really is part of our little team. Thank you Karen."

Address

2nd Floor, 46-46a High Street
Olney
MK464BE

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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