New Business Start Ups
We have particular expertise in advising & supporting new start - ups whether it is preparing projections or cash flow forecasts so that the business is in the best position to negotiate those crucial first few years and will have a firm foundation for future growth & profits.
Business plans will be formulated for internal & external use and contacts with Banks, Factoring or other Funding Institutions can be provided should the need arise
If you work for yourself you are obliged to keep records of financial transactions relating to your business & submit an Annual Return to HMRC.
We will prepare your accounts, calculate your tax liability & explain how the figures have been derived. Recommendations will be made and Self Assessment Returns will be completed.
Our service ensures that your Returns will be submitted on time, subject to the necessary paperwork being available at a reasonable time prior to the Year End Deadlines. We will then keep you fully informed & notify you if and when Tax payments need to be made.
Limited Companies & Partnerships
Forming Limited Companies is becoming increasingly popular due to changes in Audit thresholds, incentives of lower Corporation Tax Rates when contrasted to the higher Personal Tax Rates and Annual Reporting requirements.
Should you be thinking of making the transition from Sole Trader to Partnership or a limited Company, we will be able to support & advise you of the best Company formation & structure for your circumstances. Expert advice will be given to ensure you meet your Statutory accounting obligations.
Advice will also be given regarding Company Name choice, Financial Reporting preparation & Share Capital Allocation together with advice on the requirements of the Company's Memorandum, Articles of Association & Directorships etc.