Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through.
Most, however, are not experts in the legal and financial aspects of running a business and such matters can appear daunting. Fortunately, you do not need to be an expert in these fields to succeed in business, but you do need the support of a team of trained experts.
We can help. Just bring us your business ideas and we will help you to make them a reality!
We will help you to:
decide on the most suitable structure for your business – sole trader, partnership, limited liability partnership or limited company
prepare a business plan, cashflow projections, budgets, and trading forecasts
assess the 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
decide on what computer hardware to buy and help with the installation of accountancy software
keep on top of bookkeeping, VAT, payroll and other accounting requirements and
help with all aspects of business compliance and administration
Compliance services
We provide a range of compliance services to support all aspects of business administration.
We can help you by making sure accounts are prepared in the correct format, statutory books and other company secretarial records are kept up-to-date and that all statutory returns are prepared. Our experienced team will relieve you of the regulatory burden and leave you more time to concentrate on your core business activities. In short, we will make sure everything is in the right format, in the right place and at the right time.
Our range of compliance services includes:
statutory audits
annual accounts
specialist/niche audit and accounts
company secretarial services
payroll procedures including Real Time Information and Pensions Auto Enrolment compliance
tax returns
grant claims
Consultancy
Your professional and personal goals are central to our consulting services; we take the time to get to know you better so we can offer the best advice.
Management consultancy
Our management consultancy service can review your credit control, stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business. We can also help you address specific problem areas in your business such as gross profit, cost control and stock valuation.
Effective management information will allow you to seize opportunities when they arise or identify problems quickly so you can take effective corrective action.
IR35 Contract Reviews
Our IR35 Contract Review will provide you with an opinion as to whether or not the legislation applies to you. Our specialists will review a copy of the contract along with the working practices and then compile a written report highlighting areas of concern regarding the legislative requirements.
Capital Allowances
The government strongly encourages companies to use Capital Allowances (CA) to relieve expenditure when investing in equipment for their businesses. Not only does this incentive provide a legitimate and safe form of tax planning for investors in commercial property but it’s also an important level for economic growth.
R&D Research & Development
Eligible companies can secure up to a further 130% relief on qualifying P&L expenditure against tax, as well as claiming for the two previous years and then ongoing. On average this can save or recover up to £50,000 for your business.
Outsourced Finance Director Services
It is common practise for an SME to outsource their bookkeeping, payroll and or compliance related tasks to a professional service provider or accountant. This is because it usually works out more expensive to have employees on the payroll to deal with these important and necessary jobs. However there are also significant benefits that can be realised by outsourcing the finance director role.
It is clearly a difficult decision for some directors to let go of the financial reigns and although their expertise lay elsewhere in the business they may not have seriously considered the value an experienced financial director can add.
Invariably directors who have taken the tough decision to trust an experienced advisor to manage the businesses finances have found that their time is freed up to manage the running of the business generally. Similar to bookkeeping, payroll or filing tax returns the finance director’s role is a position that demands the attention of a qualified and experienced individual rather than an enthusiastic and passionate director.
Expert Software Knowledge, Forecasting and Performance Reviews
This is where our outsourced finance director services can help. Outsourcing ensures that important duties are taken care of without the additional cost and burden of taking on more staff, leaving you free to do what you do best – running your business.
The outsourced FD’s we work with can utilise the software you currently use, alternatively and if appropriate, may be able to demonstrate a definite advantage in adopting modern online solutions such as Free Agent, Sage, Xero or Kashflow to mention a few.
Utilising the most efficient software will enable your outsourced finance director to deliver timely and accurate reports such as:
Monthly management accounts
Monthly cash flow forecasts
Management information
Generating and measurement of key performance indicators for the business
Profit and loss cash flow forecasts
It will also enable your advisor to provide informative and balanced advice regarding:
When the business needs to raise finance and the most appropriate form of finance to take.
When best to invest in plant, machinery or equipment.
Working with the director and key staff to improve the efficiencies and overall profit of the business
Easily Available, Trusted Advice
An outsourced FD can be worth their weight in gold and quickly become a valued part of the businesses infrastructure. The benefit of outsourcing this function is the flexible nature of employing a FD for when you need one the most, having an experienced and qualified advisor on hand and in easy reach.
It is essential that you feel comfortable working with an outsourced FD, that you can build a robust relationship with your advisor and that you can have that trust in their ability and decision making. Please give us a call to enable us to make that initial introduction.
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Vitual Financial Director Service
Outsourced Finance Director Services
It is common practise for an SME to outsource their bookkeeping, payroll and or compliance related tasks to a professional service provider or accountant. This is because it usually works out more expensive to have employees on the payroll to deal with these important and necessary jobs. However there are also significant benefits that can be realised by outsourcing the finance director role.
It is clearly a difficult decision for some directors to let go of the financial reigns and although their expertise lay elsewhere in the business they may not have seriously considered the value an experienced financial director can add.
Invariably directors who have taken the tough decision to trust an experienced advisor to manage the businesses finances have found that their time is freed up to manage the running of the business generally. Similar to bookkeeping, payroll or filing tax returns the finance director’s role is a position that demands the attention of a qualified and experienced individual rather than an enthusiastic and passionate director.
Expert Software Knowledge, Forecasting and Performance Reviews
This is where our outsourced finance director services can help. Outsourcing ensures that important duties are taken care of without the additional cost and burden of taking on more staff, leaving you free to do what you do best – running your business.
The outsourced FD’s we work with can utilise the software you currently use, alternatively and if appropriate, may be able to demonstrate a definite advantage in adopting modern online solutions such as Free Agent, Sage, Xero or Kashflow to mention a few.
Utilising the most efficient software will enable your outsourced finance director to deliver timely and accurate reports such as:
Monthly management accounts
Monthly cash flow forecasts
Management information
Generating and measurement of key performance indicators for the business
Profit and loss cash flow forecasts
It will also enable your advisor to provide informative and balanced advice regarding:
When the business needs to raise finance and the most appropriate form of finance to take.
When best to invest in plant, machinery or equipment.
Working with the director and key staff to improve the efficiencies and overall profit of the business
Easily Available, Trusted Advice
An outsourced FD can be worth their weight in gold and quickly become a valued part of the businesses infrastructure. The benefit of outsourcing this function is the flexible nature of employing a FD for when you need one the most, having an experienced and qualified advisor on hand and in easy reach.
It is essential that you feel comfortable working with an outsourced FD, that you can build a robust relationship with your advisor and that you can have that trust in their ability and decision making. Please give us a call to enable us to make that initial introduction.