Business Start-ups
Most people who start up in business do so because they have a good business proposition, not because they are experts in the financial aspects of running a business. We can help you to:
- decide on the most suitable structure for your business (i.e. sole trader, partnership or company)
- prepare a business plan (including financial forecasts) for bankers and potential investors.
- assess your financial requirements and assist you in finding the most appropriate source of finance.
- help you establish relationships with banks, solicitors and financial advisers.
- register your business with HM Revenue and Customs (and Companies House if you are a limited company).
- set up an internal accounting system that complies with statutory requirements.
For a free initial consultation to find out how we can help your ideas become reality, contact us.
Business Planning
Every business must plan ahead in order to ensure success, but it is too easy to succumb to the daily pressures of work and delay or ignore strategic planning. The result of poor planning is often rushed and misinformed decisions and missed opportunities. We can assist you in developing a long-term business plan and in achieving your objectives.
Management Accounting
This is the process by which accounts are drawn up on a regular basis (usually monthly or quarterly) in order for you to have more financial control over your business. These accounts normally include cash flow projections and budgets and are for management's use, not for general publication. However, they may be required by your bank or mortgage lender as a condition of providing you with finance facilities.
We can take this service one step further by interpreting these figures for you and making suggestions to help you improve your profits and to help your business grow.
Payroll Services
All businesses employing staff have a legal responsibility to correctly account for Income Tax and National Insurance deducted from payments to staff. However, running your own payroll can be time consuming and complicated, particularly with the ever increasing complexity of taxation and employment legislation where non-compliance can lead to substantial penalties.
We can prepare payrolls for businesses with 2 to 100 staff and our comprehensive and confidential service includes:
- computer generated payslips (with employee address facility if required)
- administration of PAYE, national insurance, statutory sick pay, statutory maternity pay and other statutory payments
- online completion of in-year forms (P45s, P46s etc.) and end of year statutory forms (P14s/P60s, P35 etc.)
- summaries and analysis of staff costs
Even if you only have a few employees, you will make cost savings if we manage your payroll.