Specialist Accountants for Caravan & Park Homes
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1 Specialist Accountants for Caravan & Park Homes
2 Welcome from Michele Coe-Baxter Head of Caravan & Park Homes A constantly evolving industry and heavily competitive marketplace continues to place pressure on ownermanaged caravan and park home operators. At Duncan & Toplis, we understand that handling the financial side of your business can be a complex process that requires specialist sector knowledge. We recognise that every park is different, so we not only offer first class accountancy skills, but we provide tailored solutions to address the unique challenges that you face. Our highly experienced team are here to help you get the most out of your business. From preparing accounts, to tax planning and maximising profits, our specialist team are on hand to take care of the numbers so that you don t have to.
3 We act for many family owned caravan and park homes located throughout the United Kingdom. We have been working with clients within the caravan and park home sector for many years and understand the challenges specific to the industry, such as regulatory changes, a competitive market place and unpredictable weather. Our in-depth knowledge of the issues surrounding the industry enables us to offer practical, realistic advice and share areas of best practice to help our clients succeed. It is our philosophy to employ specialists who are able to offer the caravan and park home sector a wide range of accountancy, taxation and business services. Our experience in applying the best business structure for your park can have significant tax benefits covering several different areas of tax, including National Insurance, Income Tax, Capital Gains Tax and Inheritance Tax. We will advise on whether sole trader, partnership, limited company or LLP is right for you.
4 We can free up more of your time to spend on your business. VAT There are a number of special VAT rules which apply to the caravan and park home sector. It is also important to understand the difference between the rules for different utility supplies and the distinction between residential and holiday parks for VAT purposes. Our team have the specialist knowledge of VAT rules to be able to advise you on VAT in relation to the following: Caravan sales Pitch rents Retailing Property issues PAYE Administering your payroll can be a time-consuming process. Changes in legislation and more onus on online filing make it challenging to keep up with all the latest developments. We provide a complete outsourced service, including PAYE, with the ability to deal with the requirements of Real Time Information (RTI) and auto enrolment. Tax Services Our specialist tax department understand that the tax position of caravan parks is extremely complex. We are able to provide our clients with the support and advice they need in order to meet their objectives in the following areas: Inheritance tax and Capital Gains Tax planning Tax treatment and tax efficient planning on pitch development Capital allowance allocations on park purchases or park development Calculations on caravan sales and pitch fees
5 HR Services With employment legislation and regulations changing regularly, it can be difficult to keep up to date and manage both routine and complex staff related issues. Our experienced CIPD qualified team of HR consultants offer a tailored, outsourced solution that will look after your HR related needs. Bookkeeping The day to day administration of bookkeeping can be an onerous task for many businesses. Our bookkeeping team can provide a tailored service using cloud based or desktop solutions across multiple sites. The cloud technology allows you to access your business finances whenever and wherever you wish.
6 We are proud to be a National Association Member of the British Holiday & Homes Park Association (BH&HPA). Membership of this organisation helps to ensure that our team is always up to date with current industry issues and news. In addition to our core services, our director-led Caravan and Park Homes team is able to provide specialist advice on: Cashflow and cash management Maximisation of personal income and profit extraction Tax planning Investment for growth Acquisitions and disposals Accounts preparation Statutory audit and review of operational efficiency
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8 South Yorks Lincolnshire Derbyshire Notts Rutland Northants Cambridgeshire Boston Grantham Lincoln Loughborough Louth Melton Mowbray Newark Skegness Sleaford Spalding Stamford If you require further information please contact your local Duncan & Toplis office or Duncan & Toplis is the trading name of Duncan & Toplis Limited, registered in England and Wales, company number Registered Office: 3 Castlegate, Grantham, Lincolnshire, NG31 6SF. Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.
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