Business Support

Starting your own business is one of the most fulfilling and exciting things you can do in life, but naturally it can also be risky and as a practice, we make it our business to know your business. Our dedicated and personable team can support you with all aspects of your business.


Your business plan should include: the business structure that best meets your needs (such as: sole trader, partnership, limited liability partnership or limited company); your intended funding sources; tax-efficient borrowing; whether a PAYE scheme is necessary; and whether the business should be VAT registered.

We can advise on these important decisions, and help you to make the appropriate registrations correctly. We can help with cash flow forecast, enabling you to spot potential cash shortfalls, and offer regular updates to enable you to monitor your business’s performance.

Tax and financial planning should not be left until the end of the tax or financial year, but undertaken before the end of your business year. Some of the issues to consider include:

  • The impact that accelerating expenditure into the current financial year, or deferring it into the next, might have on your tax position and financial results.
  • Making additional pension contributions or reviewing your pension arrangements.
  • How you might take profits from your business at the smallest tax cost, and how the timing of payment of dividends and bonuses can reduce or defer tax.
  • Improvements to your billing systems and record keeping system, or a general review of you current systems to improve profitability and cash flow.
  • National Insurance efficiency and employee remuneration.

At some point you will want to stop working in your business and either sell up and enjoy the rewards of your labour, or hand over the reins to your successors. It may not be top of your priority list right now, but exit planning is a vital part of your financial strategy and could make all the difference to your personal finances. Good planning will also help ensure a smooth transition for your business, once you are no longer involved.

Developing appropriate strategies at each stage of your business’s lifecycle is crucial if you wish to obtain the maximum rewards for your efforts. Important issues to consider include:

  • Passing on your business to your children or other family members, or to a family trust.
  • Selling your share in the business to your co-owners or partners.
  • Selling your business to some or all of the workforce.
  • Selling the business to a third party.
  • Public flotation or sale to a public company.
  • Winding up.
  • Minimising you tax liability.
  • What you will do when you no longer own the business.

Further Areas of Support

As a practice we can assist with any of the following areas:

  • Raising business finance.
  • Financial and Computer Systems.
  • Cash flow forecasting and management.
  • Efficient billing and cash collection.
business support and accounting services

Contact us today on 01704 545 450

Or you can simply drop us an email via our contact form and one of the team will be intouch

MORE BUSINESS SERVICES

Accounts & Bookkeeping

Let us provide you with more time to concentrate on running your business, and peace of mind that your accounts and returns are in order.

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Business Support

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Company Secretarial

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Corporate Finance

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Corporate Tax Planning

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Payroll

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Self Assessment

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Found a reason to work with us?

Contact us today to see how we can help you grow your business and achieve more wealth and success.


CONTACT US

OUR PROCESS

We follow a very simple but strict process with each of our clients ensuring maximum efficiency and productivity with all of our clients

  • Identify

    business issues concering their accounts

  • Understand

    an individual or companies accounting needs and expectations

  • Prepare

    Put a plan in place for the coming years accounting services

  • Deliver

    a true bespoke accounting solutions ensuring we offer the best service your money can buy