GLX

If you haven't submitted your personal tax return, we encourage you to reach out to us ASAP. As a reminder, the deadline for completing your tax return and paying any liability is rapidly approaching, on January 31st, 2025. If for any reason you need any assistance, please do get in touch so we can help you to make the process as easy as possible. Our team is ready to help: ☎️ 01603 617361 ✉️ info@glx.co.uk 🌐 https://lnkd.in/eNQxNu2H #accounting #accountancy #taxdeadline #taxreturn2025 #accountinghelp #taxassistance #financialadvice #finances

Following the recent Budget announcement, significant changes are coming for double cab pick-ups. If you have any questions or need guidance on how these changes may affect your business, please feel free to reach out. Call us on 01603 617361 Email us at info@glx.co.uk Visit our website: www.glx.co.uk #taxupdate #businessadvisory #accountancy #construction #financialplanning #VAT #capitalallowances #finances

The team at GLX would like to wish a very Merry Christmas to all our valued clients and partners. 🎄 May you find joy in celebrating the festive period with family and friends, taking time to relax and recharge. We look forward to working with you in the new year. #accountancy #accounting #finance #norfolkbusiness #financialadvice #norfolkbusiness #norfolknetworking

If you're feeling peckish, you might want to look away now... Yesterday, we hosted our annual 'festive grazing picnic' here in the GLX office. Everyone was invited to bring in a delicious picnic treat, and we all gathered together to eat. As usual, the team surpassed themselves, with enough food for everyone to take home doggy bags! #accountancy #accounting #finance #norfolkbusiness #financialadvice #christmas

Festive Opening Hours. Our offices will close for the festive break on Tuesday December 24th, and reopen at 8:30am on Thursday January 2nd, 2025. #accountancy #accounting #finance #norfolkbusiness #financialadvice #christmasopening

Last week, we celebrated the GLX Christmas party in style - casino style! It was a fantastic evening to come together as a team to celebrate another amazing year. A huge thank you to The Earlham Arms for their incredible hospitality, festive ambiance, and wonderful spread of food. A big thank you to 4 Aces Fun Casino who helped to provide a truly authentic experience. It was fantastic to do something so out of the ordinary with the team. It was also a pleasure to be frivolous with the fake money. But our clients need not worry, our financial responsibility remains at an all-time high!! Congratulations to Kerry Porteous for being the big winner of the evening and raising the trophy! What better way to wrap the year up than with great company, laughter, and fun? Here's to another successful year in 2025 🥂 #accountancy #accounting #finance #norfolkbusiness #financialadvice #christmasparty

When you run a business, having a solid financial plan is essential for achieving your goals and ensuring long-term success. It’s crucial to establish realistic strategies that not only help you reach your objectives but also allow you to track your progress throughout the year. If you haven’t developed a comprehensive plan yet, now is the perfect time to consider the value of partnering with a strong, reputable, and experienced accountant. If you need support or advice, our team is here to help you navigate the complexities of financial planning and business advisory services. Let’s work together to set your business up for success in 2025 and beyond! #accountant #finance #financialplanning #businesssupport #norfolkbusiness #financialadvice #businessowner

It's Q&A time with Jack Presland FCA, Managing Director of GLX... ❓ Jack, why should I outsource my finance director role ❓ "Outsourcing a finance director can be a strategic decision for companies in various situations. It allows companies to access specialised expertise and experience without the long-term commitment and overhead costs of a full-time employee. It provides an opportunity to tap into the knowledge and skills of professionals who have worked with various industries and organisations. This breadth of experience can bring fresh perspectives and innovative solutions to your business. One instance where outsourcing can be beneficial is during a growth phase. When a company is experiencing rapid expansion, it may not be practical or cost-effective to hire a full-time finance director. Outsourcing allows for flexibility in scaling up or down the financial support as needed. Another scenario where outsourcing can be advantageous is when a company is facing financial challenges. In such cases, bringing in an outsourced finance director can provide an objective assessment of the situation and offer expert guidance on how to navigate through the difficulties. They can analyse financial data, identify areas of improvement and develop strategies to overcome financial obstacles." Wondering if an outsourced finance director is a good fit for your business? Contact our advisory team for a discovery call on 01603 617361. #financeoutsourcing #financialmanagement #businessadvisory #expertguidance #industryinsights #financedirector #fractionalfinancedirector

As accountants, we frequently get enquiries about the two methods for accounting for VAT - Cash Basis and Accruals Basis. Understanding these different approaches is vital for accurate VAT accounting and effective cash-flow management. Cash Basis: 📌 When: VAT is recorded when payments are made or received. 📌 Ideal for: Small businesses (under £1.35m turnover) and those with cash flow concerns or with customers who take a long time to pay. 📌 Key points: Improve cash flow, reduced complexity and clearer financial visibility. Accruals Basis: 📌 When: VAT is recognised on invoice date (tax point), irrespective of payment timing. 📌 Ideal for: Larger businesses (over £1.35m turnover). 📌 Key points: Requires sufficient cash to cover VAT on unpaid invoices. The decision between cash and accruals can greatly affect your VAT cash flow. Accruals Basic is the default option, so unless you opt to apply Cash Basis on registration, you will be expected to account for VAT under the Accruals Basis. You can switch methods after registration, subject to meeting qualifying criteria, but you must inform HMRC. For assistance in selecting the best approach for YOUR business, our team at GLX offers customised VAT advice and accounting solutions. #accountant #finance #accruals #businesssupport #norfolkbusiness #financialadvice #businessowner #VAT

Attention all self-employed individuals - the deadline for submitting your accounts is approaching! Remember, 31st January 2025, is the last day to submit your 2023-2024 accounts. Avoid leaving it until the last minute, as getting it done before Christmas means one less thing on your to-do list during the break. If you have questions or need help with your tax return, the team here at GLX is here to help. #Accountancy #GLXAccounting #TaxReturn #SelfEmployed https://lnkd.in/eNQxNu2H