Refer a friend and receive up to £1,000!
One of our accountants, Ben, was carrying out some research on behalf of a client when he stumbled upon this very interesting analogy in the Telegraph’s “Your Money” section. It describes tax in terms of beer spend…
10 men go out for a beer once a month and the bill comes to £100. They decide to split the bill in a similar way to a tax bill:
The men are happy.
The pub owner decides to drop the price, so their bill now comes to £80. What do they do to split the £20 fairly? The publican suggests:
But the men aren’t happy….
The sixth man points out that he only got £1 out of the £20 but the tenth man got £10. The seventh man agrees, also asking why he only got £2 when the tenth man got £10. The first four men are also indignant, saying “we didn’t get anything at all – the new system exploits the poor!”
So the nine men surround the tenth man and beat him up. The next month the tenth man doesn’t show up. When it comes to paying the bill the group of nine men find they don’t have enough money between them to even pay for half the bill.
And that, the article concludes, is how our tax system works. The few who pay the highest taxes do tend to benefit from tax reliefs and reductions. Attack them for being rich and the risk is they may take their wealth elsewhere.
For those who understand, no explanation is needed. For those who do not understand, feel free to drop us an email or call us on 020 8530 0720 and we’ll be happy to explain the tax system and explore ways you can save on your tax liabilities.
At Nordens we're more than just accountants, we're business experts who can help you achieve the biggest goals.
Our specialist strategic division at Norden’s boasts some of the leading entrepreneurial business minds in the country. They cater towards delivering consistent success stories for businesses looking to achieve all their goals and more.
Through highly tailored guidance, coaching and advice, Norden’s Strategic are able to define exactly how your business can attain new levels of success.
Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we steer you along the path to greater future.
Every business, no matter how big or small, needs to make the right decisions. How to best manage your accounts can put huge question marks over your business. Accounting 2 You are here to take that away and provide all the answers you need.
Our bookkeeping branch offers a fully inclusive, comprehensive service that they can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of individuals and small businesses.
With experts in payroll analysis, credit control and financial recording, Accounting 2 You will lead your business efficiently and with a real purpose to help you grow and prosper.
Voted as EXCELLENT - 9.8 out of 10 based on 160 reviews
We've always got our ears to the ground when it comes to interesting, useful and topical information relating to business and accountancy.
We love making videos that break down convoluted accountancy jargon into a plain talking explanation of the important facts.
In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier, the difficult part was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.
Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). They follow the bye-laws, regulations and ethical guidelines of the ACCA and we are an ACCA accredited employer. We are also accredited by Professional Passport for our Umbrella and accountancy services.
At Nordens we're committed to keeping our clients updated on all things business strategy and news. Each week we update our newsletter subscribers on what really matters to their business helping them stay one step ahead.
In celebration of our 18th birthday, we’ve launched our Refer-a-Friend scheme, allowing you to receive a thank you gift from us of up to £1,000 for successfully introducing a new client.
Our team of experts will be in touch to find the very best time to hold a free, no strings attached, one-hour consultation.