Poor cashflow is the number one reason businesses fail.
That’s why we don’t just do the ‘due diligence’ by speaking to you a couple of times a year so that you can keep the tax man happy. Instead, we go deep into your business and your numbers and constantly look at how healthy it is.
We believe that every business owner needs an understanding of cash and liquidity for better decision making. You deserve to know. After all, it’s your business. And that’s why we’re on hand; to make sure you have all the information you need to make informed decisions and reach the goals you strive for.
Leave your business accounts in the safest of safe hands and let us take a fresh look at your figures.
We know that you don't always need a fixed service. There comes a time when you just need help with one very specific element of your personal tax, especially when it comes to complicated issues such as: - Inheritance Tax planning - Planning share or assets sales to reducing or mitigating Capital Gains Tax - Structuring your income to reduce your tax liability That's where our consultancy service come to the forefront. You can discuss your particular situation with one of our specialist advisors and we’ll explain in detail exactly how we can help you, how long the work should take us to complete, and give you an indication of our fees.
When you’re unfamiliar with tax, it can be overwhelming and confusing. Luckily for you, we’re experts and can give you specialist advice on:
- Personal tax
- Inheritance Tax
- Capital Gains Tax
- Corporation Tax
We’ll assist you with the preparation of income tax returns and taxation computations for individuals, partners (in partnerships) and directors (in limited companies). All our work is completed in a professional and timely fashion so that you’ll meet all HMRC requirements.
Breaching HMRC regulations can be very expensive for the unwary business owner. The expertise we’ve developed enables us to keep up-to-date with the increasing complexities of taxation legislation and advise you accordingly.
Where necessary, we can also assist with in-depth HMRC investigations and negotiate on your behalf.
Making sure your employees and HMRC are not only paid on time, but also paid the correct amount, can be very time consuming when you’re trying to grow your business.
That’s why a lot of our clients trust us with their payroll, removing the headache for them of:
- Working time directive
- Minimum wage
- Pension payments
- Auto Enrolment
- National Insurance
- Income Tax
Our payroll service has been designed to take all these issues away from you and let you get on with what you do best, running your business.
VAT is one of the largest trading costs to any business but it’s very easy to inadvertently overpay or underpay VAT as the rules are complex and regulations frequently change.
Also, if you do make a mistake, HMRC will demand the missing tax, then add penalties and interest too.
It’s much easier to hand everything to us, which is what the majority of our clients do. We’ll help to protect your bottom line as well as protect your business from any potential HMRC enquiry and costs, giving you that peace of mind.
Corporation Tax When you’re running your own business, you’ve got lots of plates to spin, but Corporation Tax doesn’t have to be one of them.
We can take away the anxiety that comes with calculating just how much you’ll need to pay and make sure you pay the minimum amount needed, whilst meeting the reporting and compliance deadlines. In short, we’ll make sure you don’t drop the Corporation Tax plate.
New Business Start-Up
Starting a new business can be a daunting time, but we’ve helped lots of business owners just like you take their first steps.
We have extensive experience in assisting business start-ups, including:
- Preparation of an initial business plan
- Financial forecasting
- Setting up management information systems
- Raising finance
- Dealing with local enterprise and government agencies
- New business accounts
Not only that, but we can also provide you with a complete range of company secretarial services, such as company formation, maintenance of statutory books, registered office facilities and the completion of company documents (including annual returns, share transfer forms and the appointments of directors).
You can also benefit from access to our business helpline, which covers all elements of business (such as HR, marketing and finance), too.
It’s the responsibility of the Director to ensure the company’s records are accurate and up-to-date, but we know that when you’re running a business, that’s not always at the front of your mind.
We’re here to make sure you stay legal and avoid potential fines. We can provide you with an annual compliance service that covers all the basic statutory compliance with Companies House, so that you always meet deadlines and requirements.
Our records are updated via a system connected to Companies House which ensures that the records they hold on your business accurately reflect the Directors, shareholders and shares.
The better you understand your business, the easier it will be to increase your profits and free up cashflow.
That’s why every successful business has to have its finger on the pulse. You need to know your key numbers for today; not the numbers in last year’s accounts.
And that’s where cloud bookkeeping is a great tool.
It’s often viewed with suspicion, but with the government’s plans for Making Tax Digital on the horizon, cloud systems will soon be the norm.
And the benefits are huge. Due to everything being online, nothing needs to be installed to your computer (so there’s no personal information on your hard drive), plus everything is automatically backed up so it’s safe from loss, fire or theft. What’s more, it’s automatically updated, so you don’t have to wait for time-consuming and expensive downloads of new versions.
Contrary to popular opinion, the cloud is actually one of the most secure ways to store information because no one can access the data unless they have a login to the online account. In addition, users can control the level of access given to other users, which is infinitely more secure than emailing files or sending a USB stick of data.
As your trusted financial advisors, we can also access the system, so when required, assistance or reports on your business can be provided.
Management Financial Performance Reports
Preparing regular accounts at monthly or quarterly intervals to enable business decisions to be made on the basis of up to date information. These services are particularly useful in assisting larger businesses to keep track of their finances. Preparing prospective information such as cash ‑ flow forecasts to help you with your business planning.