Blog

film tax relief

What is Film Tax Relief, and a short story of tax fraud in the film industry

If we were to ask you “What links Lawrence of Arabia, Edgar Allen Poe, and AC/DC?”, we expect you might be left stumped. Yet there’s a perfectly plausible answer in the “horror/comedy/musical road movie” known as Eldorado, alternative title Highway to Hell: Peter O’Toole narrates the film, it opens with...

Read More
maternity allowance maternity, llp, optimal compliance

A guide to maternity allowance for LLP members

LLP members (partners) are self-employed, which means they don’t qualify for Statutory Maternity Pay but can still receive Maternity Allowance. To receive Maternity Allowance, you’ll need to fill out an application. We’ve outlined below what steps need to take place in order to receive this financial support. Applying To apply...

Read More
MTD, making tax digital, optimal compliance

Making Tax Digital (MTD) for income tax – the what, the who and the how

Making Tax Digital (MTD) is part of the Treasury’s vision to digitalise the UK tax system, which simply means that businesses must ensure that they maintain digital accounting records as opposed to continuing to do tax-related activities on paper. Hopefully, going forward, this will improve the speed and efficiency of...

Read More
video games tax relief, grand theft auto, optimal compliance blog

What is video game tax relief and the curious story of Grand Theft Auto

This is the first piece in a three-part series on our blog, shedding light on the creative industries reliefs made available to create content that is predominantly generated within the UK, checking out case studies where available, and perhaps looking at how things could be amended/improved. We kick things off...

Read More
limited liability partnership, profit sharing

What is profit sharing and why you should offer it?

Are you looking for a new way to incentivise your employees?  A key part of restructuring your SME into a limited liability partnership (LLP), is having everyone share proportionately in the business’ success and profits. Essentially, having a profit share model in place. The best part about profit sharing is...

Read More
vat inspection, vat, hmrc, blog by optimal compliance

I’ve been contacted about a VAT inspection – what should I expect?

As a small business owner you probably dread the thought of HMRC opening an enquiry on your business’ VAT returns. Over the last ten years we’ve assisted our clients with numerous routine VAT enquiries, and on the whole, we’ve found HMRC’s VAT officers to be supportive and helpful throughout the...

Read More
intangible assets, goodwill blog

The intangible asset revolution, archaic accounting and the myth of goodwill

In the UK today, most people work in service-based and knowledge-based industries. These are industries which deal in intangible assets such as intellectual property: knowledge and know-how, patents, trademarks, copyrights and brands. This wasn’t always the case, but the pace of change has been accelerating. It’s only in the last...

Read More

ben crampin

Partner

Ben’s been here pretty much since the get-go and, as such, has been instrumental in growing the business into what it is today.
 
He’s passionate about, in his words, ‘helping people and businesses that are just constantly being taken advantage of’ by providing affordable advice and support with an eye to ‘levelling the playing field’.
 
Ben looks forward to the day when automation will, once and for all, fumigate the fear and confusion caused by oppressive bureaucracy and strongly believes that ‘technology holds the solutions to the problems we’re trying to solve’.
 
Furthermore, he can see that technology will, in time, provide the scalability required to help a theoretically limitless number of SMEs survive and thrive against the odds.
Ben doesn’t think much of government agencies and he doesn’t suffer fools; two points that aren’t always mutually exclusive.