Services
BUSINESS DEVELOPMENT,
COACHING AND MENTORING
We provide a business development, coaching
and mentoring service to help you grow your
business
and achieve increased profits by
identifying ways
to increase profitability and
develop a strategy for growth.
We will push you harder than you would push
yourself to achieve great results and keep you motivated to achieve your goals and continue to grow. We will work with you, putting you in the driving seat and keeping you accountable.
To achieve success, you will need a real desire to be successful; see the potential in your business; be serious about wanting to achieve that success;
have a positive attitude; an open mind and a willingness to change to get what you want.
BOOKKEEPING
Consider whether you should out-source your
financial administration. It can be a painless and
cost-effective way of managing your accounts,
ensuring compliance and making sure that your
time is spent doing what you do well.
We have a team dedicated to providing a
bookkeeping service tailored to our client's needs ranging from quarterly VAT support to responsibility
for all the data processing.
We can provide the service either on-site or back at our office working with your software or Sage Financial Controller. By using us you will have the assurance of regular, reliable information enabling you to get on with the running of your business.
Our bookkeeping service is extremely cost-effective when linked to our year-end accounting and tax services as much of the work which would normally be done at the year-end can be carried out as part of the monthly bookkeeping function.
Often a useful set of management accounts are provided as a no-cost option of our bookkeeping service. At the end of each month, you will know
your bank balance, your turnover to date, how much you are owed by customers and how much you owe your suppliers.
ACCOUNTING
Financial Accounting
We will first find out about your business and
ascertain your business needs. We believe that you
are the expert about your business - not us. Once we understand your business, we can advise on all areas of tax, including:
Would it be beneficial for the business to be operated as a company, partnership or sole trader?
How to structure debts and ownership of assets to obtain maximum tax relief.
How to extract profits from the business in a tax efficient manner. Planning for succession, especially bringing the next generation into the business.
Management Accounting
For many of our clients we provide regular (monthly or quarterly) financial reports to help them manage their business accounting more effectively. For those clients that use our bookkeeping services these financial statements are often a no-cost by product of this service. We will present the information in a meaningful manner having first ascertained the key aspects of our clients’ requirements so that the information you get is the information you actually want!
CHARITIES
We act for many charities and are fully conversant with the requirements of the Charities Act and the Charities SORP together with the current issues facing this sector. We are able to provide Independent Examiner services.
TAXATION
We will ensure that you comply with the ever changing tax legislation while providing you with advice on how to make the most of the opportunities and tax breaks open to you. Our areas of expertise include (but are not restricted to) Inheritance Tax planning, Capital Gains Taxes Planning (especially re Business Asset taper Relief), Revenue Enquiries, Tax and NIC on remuneration issues, including PAYE enquires and P11D issues, Share schemes, Extracting money from family companies, Structuring businesses to minimise tax, Property taxation issues, from letting income to property transactions, Trusts issues, including the use of trusts in tax planning and Residence and Domicile issues.
Personal Tax
The completion of your annual tax return can be a real chore. And how can you be sure that HM Revenue & Customs have calculated the tax correctly. The sad fact is that you cannot. In our experience incorrect tax calculations are common - even when the tax return is sent in with a correct calculation! We can ensure that you pay the correct amount of tax - and no sooner than you absolutely have to. We have considerable expertise in dealing with returns for higher paid employees, including directors and employees in receipt of share incentives. Property taxation, including the taxation of rents from residential and commercial properties is also one of our specialist areas.
Business Tax
Tax and National Insurance Contributions take a large proportion of the profits of any business. Add on to that the costs of complying with reporting obligations, tax investigations and the penalties for non-compliance if you get it wrong and you will understand the importance of experienced and reliable tax advice. We can help you minimise your tax liabilities and comply with tax legislation but we can do much more.
Property Taxation
Every landlord has to complete an annual tax return, providing details of income and expenditure. Property tax is an increasingly complex area, with specific reporting obligations and unique rules for tax allowable expenses and capital gains. It is essential that landlords seek advice from a specialist taxation advisor.
We provide our landlord clients with a comprehensive service, ensuring their compliance with tax legislation but maximising rental returns by minimising tax liabilities. We have considerable experience in property transaction matters - both for landlords and those with second homes and can ensure that transactions are structured for maximum tax efficiency.
Advice and tax planning
Are your affairs ordered to minimise your Inheritance Tax liabilities? Do you have capital assets which may be sold or gifted, perhaps to the next generation? If you have trusts, do you know how they are affected by the trust tax changes introduced in 2006?
OTHER SERVICES
Revenue Enquiries and Investigations if you are unfortunate enough to have one (which can happen to anyone as they can now be started randomly). PAYE Audits - and provide advice on PAYE and remuneration planning issues, including termination payments and share schemes. Transactions (such as property disposal) by the business or between the business and the owners. Using trusts for tax planning. Will planning and personal taxation advice for the business owners.
Sage Software
We are Sage business partners and can supply the Sage range of Line 50 products at competitive rates.
We also offer training on Sage 50 Accounts and Payroll either on-site or at our offices.
Starting a New Business
We assist many people starting up in business for the first time. We will review your business plans and give you an honest assessment of the position.
Our small-client department ensures that our service is tailored to the needs of the small business at cost-effective fee rates.
