The core service provided by most firms of accountants. We feel it is important to prepare your annual accounts in a way that minimises tax, maximises confidence in your trading performance and also allows you, the owner, to fully understand the business. You will make decisions based upon past financial performance and we would like to help you at those critical moments. Decisions such as partnership profit structures and dividend v bonus decisions are reviewed annually with clients.
We want to be totally accessible to our clients. We will proactively look at areas of profit improvement, tax saving and planning for eventual sale or succession. This is undertaken continuously and reviewed when we meet to discuss your accounts.
It will be the partners who meet clients to deal with the clearance of the annual accounts.
It goes without saying that we can provide the full range of taxation services for personal and corporate tax. Year end returns for payroll and P11d benefit returns can be dealt with, as can the completion of the quarterly VAT return.
In planning the business, we are always aware of the interaction with the taxation affairs of the individuals involved including Capital Gains Tax and Inheritance Tax.
From a decision whether to have a company car or an allowance through to complex employee share option schemes – these can all be dealt with and will be proactively suggested.
Personal Taxation and Wealth Retention
We prepare taxation returns for individuals and also talk to these clients regularly to ensure that they are maximising their wealth by saving tax and structuring their assets and investments. We will provide you with regular advice to ensure that all allowances and exemptions are made use of. We will work with you to ensure that important matters such as wills and life insurances are kept up to date as appropriate.
Management Accounting and Business Plans
We have extensive experience in preparing management reports for banks and other third parties and also preparing business plans to raise capital. We often accompany clients to see their bank and have built up a good working relationship with the local banks.
Annual accounts are not only prepared to a high standard to comply with Companies Act legislation for Limited Companies but also because we know that our clients rely upon them for decision making.
However, certain businesses are required to have a statutory audit due to their constitution, size of their turnover or other factors.
We are registered to carry out audit work by the Institute of Chartered Accountants in England and Wales and can advise on whether the optional audit would benefit your business as well as carrying out audits where mandatory.