BUSINESS ACCOUNTANCY SERVICES
APPLIED MERGERS AND ACQUISITIONS
If you are considering expanding your business through a merger or acquisition, we strongly recommend you seek appropriate professional advice and assistance to ensure your interests are best represented in any subsequent transaction.
Why not contact our M&A team? They can advise on and help with:
Strategic planning to determine suitable acquisition criteria
Identifying suitable candidates’ companies
Conducting feasibility studies
Developing a negotiating strategy
Performing financial and operational due diligence
Preparing the necessary financial projections
Identifying potential finance sources
Preparing and presenting finance applications
Assisting with negotiations
Assisting with post-acquisition integration
It is equally important to seek professional help and advice when disposing of a business.
We can help with valuing the assets, preparing the business for sale, finding suitable purchasers, and negotiating the sale.
Above all, we can help you time the disposal so as to minimise your tax exposure.
Contact us today to discuss how we can help you in this important area.
In conjunction with our Xeinadin Auditing Partners
Tax Audits and Business Audits
Though business owners traditionally regard the annual business audit and preparation of annual accounts as a cost centre - a necessary evil that adds no value to the business - we strive to transform it into a profit centre using our auditing services.
Besides helping you meet the statutory requirements; we also take the opportunity to conduct a review of your financial and management systems. This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance.
In conjunction with our Xeinadin Auditing Partners we discuss the problems and opportunities with you and help you implement any agreed solutions. We see the preparation of your annual report as an opportunity to enhance your external image. A well-prepared report can have a considerable positive impact on the perceptions of investors, potential finance sources, customers, prospect, referral sources, and even your own staff - all of which greatly improves your business prospects for the future.
The last thing you want in your business is to have valuable time and resources tied up with routine bookkeeping and accounting.
That's something we can do for you, either at your office or at ours.
We begin by discussing your specific requirements with you and then we set up appropriate accounting procedures and controls and ensure your accounts are kept fully up-to-date and in compliance with statutory regulations.
But we don't stop there. We can also provide you with regular management accounts to keep you informed on essential areas such as:
In addition, we can also relieve your staff of the burden of preparing:
Contact us today to discuss how we can help you keep your books in good order.
It is often said that, "Failing to plan is planning to fail."
As a business owner you have no doubt been reminded on more than one occasion of the importance of business planning. And no doubt you agree that planning is important.
And yet in all probability you rarely seem to find the time to sit down and develop strategic plans but end up flying by the seat of your pants, trusting your intuitions and relying on snap judgments rather than adhering to a pre-arranged strategy.
Not that we would deprecate such intuitions. Experience has taught us that it is precisely this 'sixth sense' that many business owners and managers seem to possess that is the driving force behind entrepreneurship - and we have learned to take it seriously.
But the planning is important. Without sound analysis, clear projections, and well-thought out contingencies, businesses tend to become hostages to fortune.
Proactive management is replaced by reactive coping, and instead of following a well-thought-out plan, owners and managers are reduced to responding to unforeseen events or trying to catch up on missed opportunities.
This is why we encourage our clients to schedule regular planning sessions. We can help you:
Formulate and implement long-term strategic goals
Set concrete operational objectives
Monitor performance and adjust plans accordingly
Contact us today to discuss how we can help you put together a road map that will keep your business on course.
Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through, not because they are experts in the legal, financial, and fiscal aspects of running a business.
Indeed, these matters can often seem daunting, and even off-putting, to the budding entrepreneur. The good news is that you do not need to be an expert in these fields to succeed in business. All you need is the support of a team of trained experts.
That's where we fit in. Bring us your business ideas and we'll help you to evaluate them in a constructive and realistic manner. We can also help you:
Decide on the most suitable structure for your business - sole trader, partnership, or limited company
Prepare a business plan, cashflow projections, budgets, and trading forecasts
Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
Establish a good working relationship with your bank
Complete any registration procedures with Companies House, and HMRC
Deal with company secretarial issues
Set up a recording system for your internal use and for complying with statutory requirements
Start your new venture on a sure footing - contact us for an initial consultation today.
The Companies Act requires companies to submit various documents within strict time limits. Not only is this a considerable administrative burden, failure to comply can result in potentially severe penalties for directors.
We can relieve you of both the burden and the worry by helping with your Company Secretarial duties. Our service includes:
Preparing and filing accounts and annual returns
Maintaining statutory registers:
Register of Allotments
Register of Transfers
Register of Members
Register of Directors
Register of Secretaries
Register of Directors' Interests
Register of Mortgages and Charges
Preparing and filing Companies House forms recording:
Changes of officers
Changes of registered office
Increases in share capital
Allotments of shares
Changes of accounting reference date
Preparing documentation for annual general meetings
If required, acting as company secretary of your company
If required, providing your company with a registered office address
Contact us today to discuss how we can help you with your Company Secretarial duties.
Whether yours is a new or a mature business, ensuring that you have the necessary finance is essential for achieving your objectives. Indeed, one of the most common causes of business failure is badly structured or inadequate financing.
We can help you:
Conduct a feasibility study of your projects
Decide on the most suitable sources of finance - personal capital, bank overdraft, long-term commercial loans and mortgages, national and regional agencies, venture capital, or equity capital
Prepare the necessary business plan, forecasts, prospectuses, etc.
Present your proposals to your chosen finance source
Arrange a disposal, merger/acquisition, or management buyout/in
Our expertise and contacts will help you open doors that may otherwise have remained closed for you.
Everyone knows that a successful business must plan ahead, but all too often the pressures of keeping the business going on a daily basis mean that strategic planning is not given the attention it needs. The result is often rushed judgements, over or under-capacity, or missed opportunities.
Every business owner needs a planning adviser who has the time and space to take the long view and advise on appropriate courses of action before it is too late. With years of experience advising the local business community we have a wealth of experience and expertise for you to draw on. Contact us today for a planning review.
CORPORATE TAX PLANNING UK
Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.
We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:
Determining the most tax effective structure for your business
Taking full advantage of tax opportunities and reliefs
Achieving the optimum capital or revenue tax treatment
Reducing tax on disposals and maximising relief on acquisitions
Making the most of tax opportunities specific to your industry
Meeting the rigorous demands of compliance including corporation tax self-assessment
Acting on your behalf in discussions with the tax authorities
Efficient corporate tax planning can result in potentially significant improvements in your bottom line.
DEBT MANAGEMENT SERVICES
Our approach to corporate recovery is summed up in the phrase, 'Prevention is better than cure.'
The key to preventing business failure is to have the right controls in place to help identify areas of poor performance or early signs of distress in a business and to take appropriate remedial action if and when such signs appear.
Even where a business is in a relatively advanced state of distress, we still regard insolvency as a last resort and prefer to explore all possibilities of restructuring the business and setting it on a path to full recovery. Often this will involve refocusing on core business activities, introducing stringent cost controls, and setting clear profitability goals.
This approach, we believe, is in the best interests of all the stakeholders - shareholders, directors, managers, employees, customers, and suppliers.
If all else fails and the business has to go into administration, receivership, or insolvency, we can advise and assist with this process and guide you through the financial, legal and regulatory implications of such a course of action.
Contact us today to discuss how we can help keep your business in good shape.
Administering payroll is becoming increasingly burdensome for many businesses, taking more and more time and resources away from core business functions.
Fortunately, payroll can easily be separated from your other accounting activities and outsourced to a specialist agency such as our team of payroll professionals.
We offer a completely confidential and cost-effective service that includes:
Starters and leavers
Code number changes
Customised and generic payslips
Taxable benefits and P11Ds
Company, personal, and stakeholder pension schemes
Student loan recovery
WFTC and DPTC
SMP, SPP, SSP, and SAP
Child maintenance orders
Give as you earn
Pay in lieu of notice redundancy
Advice on tax and NIC payable
Processing payments through BACS
Dealing with employee enquiries
Standard payroll reports
Production of year-end P60s
Preparation and electronic filing of forms P14 & P35
Contact us today to discuss how we can help you save you time and money with your payroll administration.
VAT can be the bane of everyone affected by it.
The complex regime of regulations imposes a tremendous administrative burden on businesses.
With the rate being so high, mistakes in calculating VAT can be costly - and the rigid system of penalties and interest charges for mistakes and the late submission of returns adds to that burden.
Our cost-effective VAT compliance and planning services can relieve you of this burden.
Our team of VAT professionals will help to keep your VAT affairs in order, make sure you are collecting the right amounts for each transaction, and ensure that you make payments and file returns correctly and on time.
In addition to providing a comprehensive bookkeeping and VAT accounting service, we can also advise on and help with:
The pros and cons of voluntary registration
The timing of compulsory registration
Extracting maximum benefit from the rules on de-registration
Timing and delaying VAT payments
Flat rate VAT schemes
VAT on imports and exports
VAT control visits by Customs and Excise
Contact us today for a VAT health check and to see how we can relieve you of the burden.