: Business planning

The business environment for individuals and companies is rapidly changing. It is important that clients have access to reliable advice based on practical experience. We recommend that our advice should be sought well in advance on such matters as establishing new trades, disposals, mergers and acquisitions.

New businesses require competent professional advice on accountancy and tax matters before commencing to trade. Initial decisions can quite easily make the difference between success and failure.

Matters needing particular attention are: the ownership structure, whether to form a limited company, financing arrangements, accounting, financial controls, PAYE and VAT systems.

The expanding or developing business will often need sophisticated assistance e.g. tax planning, remuneration structures, formulating business plans, forecasting, cash flow projections, finance, acquisitions and mergers.

Established businesses present different problems. The wish of the family to retain control of their business brings a need for careful planning of the older generation's retirement and the transfer of assets to the next. Some owners may be interested more in the ultimate sale of the business. Tax planning and accounting advice are key factors in successfully arranging these transactions.

: Business finance

We can advise clients on the most appropriate form of financing arrangements for their business. We have regular contact with bank managers at most local branches. We have negotiated many facilities with banks and other financial institutions. We can assist in preparation and presentation of cash flow forecasts and the business plan. Additionally, we can assist and advise in the preparation of information for obtaining government grants and incentives.

: Management information systems

Proper management information systems could lead to greater efficiency and profitability for your business. We can help you establish monthly or quarterly reports, prepare cash flow forecasts and budgets for any current or future financial period.

: Computerisation

If you are thinking of installing a new computer system, we may be able to help. Our firm has developed considerable ability in choosing and implementing a wide range of systems for a number of our clients.

: Payroll and computer services

We will administer your weekly or monthly payroll upon request. Our fully computerised systems will prepare payrolls and returns in compliance with current legislation. We have installed new computers at our offices specifically to prepare management accounts. We can generate reports on a monthly or quarterly basis from your own accounting records.

If you are interested in this service, please contact your partner.