Securing Large Savings for an International Creative Design Agency

An RJF Accounting Case Study

Accounting Services Growth Services

We Helped This Client Save Money and Become Financially Efficient While Operating Internationally.

Who Was the Client?

A creative design agency with offices in Manchester and Berlin. They have a range of international clients based in Mainland Europe, the USA and Asia such as SoundCloud, E.ON and HelloFresh.

What Was the Challenge?

The client approached us as they were unhappy with their current accountant’s responsiveness. Our primary challenge was to help them deal effectively with payments in various currencies from overseas clients.

How Did We Help?

We drew on our experience working with international businesses to support the client in a range of areas, including dealing with cross border transactions, foreign currency and international taxes.

We quickly spotted that the client was losing out on massive savings each year because their previous accountant hadn’t offered them relevant advice about trading internationally. To improve their financial position, we helped them hedge their currency risk, which is essentially ensuring that fluctuating exchange rates don’t reduce an invoice’s value in the time between issue and payment. We also advised them to pursue permanent establishment in Germany to avoid double taxation due to their Berlin office.

What Was the Result?

Our proactive approach meant we spotted an opportunity for the client to hedge their currency risk which saved them thousands of pounds per year.

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RJF Accountants
5.0
Based on 34 reviews
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Jay WilliamsJay Williams
12:55 24 Apr 23
Been with RJF for a short time and they have already helped with cashflow and overall financial management
Ken MeaneyKen Meaney
16:13 13 Oct 22
We moved our financial management and reporting to RJF Accountants 12 months ago, we needed more of an outsourced Finance Director to give us deeper knowledge and guidance both locally and internationally. Rob and his team at RJF are experts in their field and take the time to genuinely understand the businesses they support and the people within them.I highly recommend RJF Accountancy to businesses that need more than just a basic accountancy service, we have been entirely satisfied from day one and look forward to a continued relationship with Rob and his team.
Moylan MoylanMoylan Moylan
12:02 07 Oct 22
Thanks to Rob and the team at RJF in getting our first accounts done and filed on time. We are extremely busy and didn't have the time to have everything filed and ready. They pulled out all the stops. Great supportThanks also to Rob for his advice and support especially in relation to various taxation scenarios, EIS and SEISS, other options and opportunities and regulations. Much appreciated.
Judy LeungJudy Leung
14:10 15 Dec 21
I switched to RJF because I needed an accountant who could also offer advice and insight into startup finance and tax related queries, not just deal with the compliance side. I'm extremely pleased I made the move because Rob and his team have been fantastic, always responsive and helpful. It's clear Rob has a lot of experience and is passionate about startup finance and entrepreneurship. I've already referred another business owner to him and am happy to recommend RJF.
Danny RodgersonDanny Rodgerson
20:02 26 Nov 21
Rob and his team are professional, courteous and always friendly. Rob will make the time to reply to all my ramblings - whatever time of day! He's knows how to advise businesses on their accounting needs. I previously referred clients to Rob, but became one myself when I set up alone, and I can now see why they all raved about RJF.
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