A farmer was referred to TFMC by a farm consultant.
The problem was that his bank was reluctant to continue his overdraft unless he provided up-to-date accounts. He was four years behind with his accounts and had not filed a single VAT return for a similar period.
After meeting the client, we collected several boxes of paperwork, collated and filed it. We entered all the data into an accounting package and were able to produce four years draft accounts for his accountant. During this process, we were able to submit 23 monthly and quarterly VAT returns to bring him up to date.
The result was reclaims of VAT totalling in excess of £125,000, tax returns filed up-to-date by the client’s accountant and a satisfied bank manager. Not to mention one very happy and satisfied client.
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