When co-founder of an IT Consultancy firm was severely injured, he was left in a coma for 8-months. Business partner and wife Rachel was left to support their business whilst also providing emotional support to herself and the couples teenage son.
Engaging RHJ Accountants
The IT firm earned over £300,000 per annum, when the couple were both working at full capacity.
As the months dragged on, the business fell further and further behind as Rachel tried to keep the business afloat. Understanding she needed business accountant support, Rachel reached out to RHJ Accountants. Engaging the firm, RHJ took over the bookkeeping responsibilities, so she could focus more time on income-producing activities.
RHJ Accountants founder and director, Jeremiah Jordan, had known the family for years. Following an assessment of the company books, and their challenging financial situation, he took it upon himself to aid Rachel through the crisis.
RHJ’s business accountant services kept cash flowing
The nature of the business could have exposed the firm to VAT implications. RHJ Accountants forecast what the company would have to retain in earnings, for Rachel and her son to maintain their lifestyle; without the support of her husbands income.
RHJ’s business accountant services ensured all taxes and VAT were paid in time, in full, and left enough money in the business at all times to continue to pay Rachel – if the worst was to happen.