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Business Services
Acquistions / Disposals
Sometimes the best way to improve your competitive position in the marketplace is through a merger or acquisition or it may be that you are looking for an exit strategy from your business. We have experience in both these areas and would be happy to discus any plans you may have.
Book-keeping / Accounting
We can relieve you and your staff of an enormous burden by taking care of your bookkeeping and accounting needs, whether this may be just on a temporary basis until you are in aposition to undertake this function yourself, or on a more permanent basis. We also offer isolated book-keepng services such as assistance with the completion of quarterly Vat returns , assistance with payroll processing and payment of sub-contractors.
The preparation of your annual accounts is a function we undertake with confidentiality and diligence. We can undertake this either at your premises or more usually the records are brought to us.
Business Start-up
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 necessarily 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. Bring us your business ideas and we'll help you to evaluate them in a constructive and realistic manner.
Company Secretarial
The last thing you need as a busy business owner is to use up valuable time and resources making sure you are complying with the Companies Act. Moreover, with company legislation changing at the rate it does, you need to be sure you are fully aware of how the changes affect you and your fellow directors. We can give you complete peace of mind in this area by carrying out your company secretarial duties for you.
Finance
Whether yours is a new or a mature business, ensuring that you have the necessary and optimum finance package in place is essential for achieving and maximizing your objectives. Indeed, one of the most common causes of business failure is badly structured or inadequate financing.
Payroll
Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. And the task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance. We have dedicated staff who can relieve you of this burden by providing a comprehensive and confidential payroll service.
Strategic Planning
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. 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.
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Specialist Services
Legal Profession
The firm acts for several legal practices, for which it not only prepares annual accounts and undertakes audits but also deals with the Partners' own taxation affairs. The firm has an understanding of the way in which the legal professions operate and is fully conversant with the Solicitors' Accounts Regulations. Solicitors Accounts are very different from other entities and we can assit with the design and implementation of accounting systems which comply with the Regulations.
Property
Whether owning one's own home, or buying property as part of an investment strategy, most of us come into contact one way or another with the property market. This is even more the case now, as conventional forms of pension saving are perceived to be unsatisfactory by some investors. For many years, we have acted as advisers to developers, investors, dealers and property professionals such as surveyors, architects and agents. We are happy to advise on all aspects of the property market from acquiring or disposing of your own business premises to investing in a "buy to let" rental property. Often these decisions cannot be taken in isolation but due regard needs to be given to all relevant tax implications.
Charities
The practice is familiar with the changes in accounting treatment for Charities and has a broad range of charities as clients from small local organisations to large Art Centres. The book-keeping requirements and reporting requirement are very different for Charities and we have developed our expertise in this area, assisting with the creation of suitable administration systems that enable clear and transparent analysis. We will assist Charities find their way through the complexities of reporting requirements both for annual accounts and VAT.
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Tax & Audit Services
Audit
Though business owners traditionally regard the annual 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. 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. We discuss the problems and opportunities with you and help you implement any agreed solutions.
Corporate Tax Planning
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.
Personal Tax Planning
With the tax regime becoming more complex and more emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements. This tax planning can encompass both Inheritance Tax Planning and Capital Gains Tax Planning.
Self Assessment
We can save you a lot of time, worry, and money by handling your self assessment for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability. We can act as your agent, dealing directly with the Inland Revenue on your behalf and, should you be selected for a self assessment enquiry, act for you at any meetings. As this is the last year for submission of "paper" tax returns (October 2008) one now needs to become familiar with the process of electronic filing. This is not everybodies forte and we can assist here. We have invested in electronic compliant systems which will enable us to file electronically on your behalf. Indeed there are also plans afoot that in the future all payments will have to be made electronically and we are gearing up for that change also.
VAT
Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to! We provide an efficient cost effective VAT service.
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