On this page: Auditing and Accounting Services | Taxation Services | Help in Setting up a Business | Management Information | Company Acquisitions and Sales | Specialist Services | Planning Personal Finances
> Auditing and Accounting Services
In addition to the statutory audit of limited companies and the accountants' reports required by many other bodies, we regularly prepare accounts for many of our clients. Normally this is done annually, to comply with various statutory requirements, and if necessary more frequently, for the purposes of management (see Management Information). Our audit procedures lay emphasis on suggestions of systems improvement, to provide management with more control.
> Taxation Services
Most business transactions have consequences in taxation, and these consequences can vary greatly depending on the timing of the transactions and how they are carried out. By providing advice before the event, we intend to provide tax savings for our clients. We prepare tax returns and computations for our clients, conduct negotiations and agree assessments with the Inland Revenue. We also advise upon the payment of tax liabilities.
> Help in Setting up a Business
We will provide practical assistance with managing finances, and registration and administration problems early on. In addition to the major decisions, such as whether the business should be incorporated with limited liability and how it should be financed, we help with VAT, Self Assessment, Wages and Salaries, National Insurance, PAYE, and setting up a suitable bookkeeping system.
> Management Information
As competition increases, it becomes more and more important to control overheads and staff efficiency. For these purposes, we can provide Management Accounts, so that those in business have a clear idea of their present financial position, and the progress of their companies. Management Accounts need not be complicated or costly, yet they form a good starting point to develop budgets which, in turn, can forecast growth, provide attainable targets, and identify needs for working capital, expenditure on plant and equipment, and so on.
It is especially convenient to produce such information where a company already has a well planned accounting system, be it computerised or manual. The savings will soon outweigh the initial cost, and we can help you set up these systems.
> Company Acquisitions and Sales
If you are buying another business or selling your own, we can carry out the required investigation, advise on the taxation implications, assist with negotiations and offer specialist advice on the valuation of shares if a private company is involved.
> Specialist Services
In the practice we have specialist expertise in particular fields of business activity, including hotels and tourism, farming, and medical and dental practitioners.
We can provide computer processing facilities for clients, including the production of Management Accounts, cash flow projections and calculation of payrolls on a weekly or monthly basis. In addition, our specialists can assist on both choosing and configuring new systems, and maintenance of existing systems.
> Planning Personal Finances
We undertake regular reviews of our clients' financial affairs, so that we are able to take action to minimise tax liabilities, enhance the net benefit to a client from their income and investments, and maximise the amount that can be passed to beneficiaries.
Our partners are also able to advise on the provision of pension schemes and life assurance, by virtue of their skills and contacts in these areas.
It will often be advisable to appoint as an executor, a professional person who is familiar with your financial and family affairs. A partner will normally be prepared to undertake these duties. In the case of settlements and trusts we can also help to maintain proper trust records, prepare trust accounts and deal with often complex taxation problems which arise.