Whether you have an established business or have a good business idea and want to start up your own business, we can help you plan the way forward. We will provide you with financial advice and through the use of financial tools help your business to grow successfully.
The initial question most people ask is whether they should start out as self employed, a sole trader, partnership or limited company. If you are already in business as a sole trader should you become a limited company? What are the tax implications? What are the pros and con’s of each structure? Should you become Vat registered straight away or wait until you reach the threshold? There are many important considerations which can determine whether your new business succeeds or existing business continues to grow. A staggering 57% of business start-ups fail in their first year!
No less important to any business is a detailed business plan setting out what you want to achieve from your business and how your investment will work. You will also need detailed cash flow projections to ensure that you business is financial viable or any new investment will yield a good rate of return.
Forecasting and budgeting is extremely important to new and existing businesses. At the start of your financial year we can produce detailed forecasts and budgets in line with your businesses current and projected activity. We will discuss with you your plan for your business over the coming year and set out realistic, achievable targets. On a monthly basis we can then review your performance against these forecasts and produce variance reports detailing areas your business needs to focus on. Forecasting is a useful tool for decision making and gives your business clear targets. Forecasts and budgets also help to prove the financial viability of your business plans to banks and potential investors.
We will guide you from the beginning looking at your specific circumstances and advising you on the best way to operate.
Our services will include any or all of the following:-
- Forming a company for you, if this is your best option.
Advising you on VAT registration and liaising with the Vat office.
- Designing accounting systems specifically for your business needs.
- Advice on the best computing hardware and software for you to work with.
- Acting as your agent with the tax office, dealing with all their forms and correspondence on your behalf.
- Setting up a PAYE scheme, if appropriate, for you and advising you how to deal with it or alternatively dealing with it on your behalf.
- Dealing with all documents and forms required by Companies House.
- Preparing business plans and cash flow forecasts to raise finance and to help you to prepare for the future.
- Preparing accounts on a regular basis and explaining everything you need to know.
- Advising you how to increase profitability and cash flow.
- Tax planning specifically for your business from day one to make sure you pay the minimum amount of tax - legally!
- Completion of all your tax returns.
- Providing a FREE help line to answer all your queries
We can also help you find the most suitable form of finance for your business and put you in touch with financial institutions and advisors.
We pride ourselves on the fact with have a good network of contacts with other businesses so we can put you in touch with other professionals whom can provide advise on Marketing, PR, Human resources and Sales.
For a free initial consultation please contact us:
Email. accounting@accountingforthefuture.co.uk
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