I am moving our offices into the local pub

This is a dream come true…almost! I am moving our offices into the local pub. It sounds like the perfect combination – although sadly there are no longer any pints available!

As MGP Accountants continues to grow and thrive, we needed new offices and we also didn’t want to leave the wonderful village of Gresford where the company was first launched by former owner and company founder Mike Griffiths 35 years ago.

It’s our home so why would we leave? But we couldn’t find new offices appropriate to allow the businesses to develop.

And then someone came up with the bright idea of taking on the former Yew Tree Inn in the village, which had been on the market for more than three years.

Hooray! Solution solved. If only it was that easy. We bought the pub on the High Street from Marston’s, which then closed its doors on September 30 and that’s when we started our £100,000 revamp to turn it into new offices for the firm.

It was literally out with the bar stools and in with the desks…there may even have still been a half drunk pint on the bar!

So we have moved from our current Chester Road offices to the converted pub. It was a huge undertaking but we wanted to make sure we stayed in Gresford and this was an unusual way to achieve our aim.

The pub was at risk of being sold off to housing developers as so many pubs are these days so by converting it into offices and not knocking it down we are able to keep the building as a key part of the village.

The move will help us to continue to grow the business and we have already welcomed a new member of staff earlier this year and there will be more opportunities throughout the next 12 to 18 months.
We will also be able to offer great customer parking which is fantastic as we know no-body ever leaves enough time to drop their books in!

We’ve been able to involve lots of local businesses with contracts for many of our clients. A first floor three bedroom flat is also included in the pub and expected to be available for rent next month (May).
To celebrate we will be opening our doors to clients and residents in the villages along with other businesses for free refreshments on May 11 from 12 noon to 3pm.

We hope you are able to join us….just a shame we can’t pull you a pint but we may be able to open a bottle of bubbly or two!

Blog by James Denton of Mike Griffiths & Partners (MGP) Accountants

Posted 4th of May, 2017

Mother and Daughter Accountancy Team

It has become a family affair at a Wrexham accountants after the boss employed both a mother and her daughter.

Sue O’Hanlon has worked at Mike Griffiths & Partners in Gresford for the last 14 years as an Accountant and Payroll administrator.

When her daughter Becky needed work experience as part of her school years at Darland School in Rossett her mum took her under her wing at the firm.

Little did she know that her daughter would later become a permanent fixture in the office when company owner, James Denton, employed her as a trainee accountant.

Becky, 21 who lives with her mum in Gresford, said they work in separate offices at the Gresford office so do not spend every hour of the day together.

Becky, who is studying Accountancy at Yale College, said she was excited about following in her mum’s footsteps.

“I did work experience here when I was in school and then my interest went from there.

“Every day is different and I am learning new things all of the time. It is a very interesting profession to be in.

“I plan to go as far as I can within the industry,” she said.

Mr Denton, who bought the company from Mr Griffiths four years ago after joining the company in April 2008, said Becky had great enthusiasm for the job and obviously was doing well following in her mum’s career path.

“It is a pleasure to be able to give a young person like Becky the chance to get her foot on the career ladder.

“She is getting the on the job experience whilst also gaining her qualifications.

“We often forget they are mother and daughter as they work very professionally and it is often when people comment on the same surnames that we remember they are related,” he said.

“Becky’s story just shows how making a good impression during work experience can offer an opportunity in latter years. I hope other employer’s give young people the same opportunity.

“I wish Becky every success in her future career as an accountant.”

ENDS

Posted 26th of September, 2013

What Is Fair Taxation?

Below is an interesting take on tax cuts attributed to Professor of Economics David R. Kamerschen, Ph.D. that we found on the internet:

Suppose that every day, ten men go out for beer and the bill for all ten comes to £100…

If they paid their bill the way we pay our taxes, it would go something like this…

The first four men (the poorest) would pay nothing.

The fifth would pay £1.

The sixth would pay £3.

The seventh would pay £7..

The eighth would pay £12.

The ninth would pay £18.

The tenth man (the richest) would pay £59.

So, that’s what they decided to do..

The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball.

“Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily beer by £20″.

Drinks for the ten men would now cost just £80.

The group still wanted to pay their bill the way we pay our taxes.

So the first four men were unaffected.

They would still drink for free. But what about the other six men?

The paying customers?

How could they divide the £20 windfall so that everyone would get his fair share?

They realised that £20 divided by six is £3.33. But if they
subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer.

So, the bar owner suggested that it would be fair to reduce each man’s bill by a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.

And so the fifth man, like the first four, now paid nothing (100% saving).

The sixth now paid £2 instead of £3 (33% saving).

The seventh now paid £5 instead of £7 (28% saving).

The eighth now paid £9 instead of £12 (25% saving).

The ninth now paid £14 instead of £18 (22% saving).

The tenth now paid £49 instead of £59 (16% saving).

Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.

“I only got a pound out of the £20 saving,” declared the sixth man.

He pointed to the tenth man,”but he got £10!”

“Yeah, that’s right,” exclaimed the fifth man. “I only saved a pound too. It’s unfair that he got ten times more benefit than me!”

“That’s true!” shouted the seventh man. “Why should he get £10 back, when I got only £2? The wealthy get all the breaks!”

“Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax system exploits the poor!”

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn’t show up for drinks, so the nine sat down and had their beers without him.

But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and government ministers, is how our tax system works.

The people who already pay the highest taxes will naturally get the most benefit from a tax reduction.

Tax them too much, attack them for being wealthy, and they just may not show up anymore.

In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.

Professor of Economics.

For those who understand, no explanation is needed.

For those who do not understand, no explanation is possible

Posted 26th of September, 2013