We take your raw books and records (invoices, bank statements etc.) and convert these into financial information that lets you know how you are performing. It gives you a detailed view of profitability and a full breakdown of  costs. You can then compare these to previous figures and plans and highlights areas where you could make changes to improve your bottom line and cash flow position. We can do this monthly or quarterly for you. We do the accounting while you concentrate on generating new business. The ability to know how you are performing helps to reassure any funders and also helps when looking to access available credit or make business decisions.

Tax Services - There are four main types of service you may need:

 

Corporate Tax – We take the accounting profit of the company and calculate the corporation tax that is due. We advise you how this can be reduced through strategies such as capital allowance planning, pension contributions, goodwill write-offs, research and development allowances etc. We will advise you on how best to structure transactions while keeping you informed of the latest HMRC stance on particular issues (income shifting, anti avoidance rules etc.)

 

Personal Tax - We can complete your personal tax return from your personal financial records. We will help you to structure your remuneration, take taxable benefits and structure the ownership of assets for maximum capital gains tax relief and inheritance tax planning.

 

VAT - We take the hassle of doing VAT returns away from you.We have the experience and knowledge to know how particular items are treated from a VAT perspective (construction industry, cash accounting and flat rate schemes).

 

Payroll - We can run your payroll services for you. This takes away the day to day hassle of collating staff hours, performing payroll calculations, processing BACS payment forms, the printing and despatch of payslips and completion of year end returns and retention of all the required payroll filing.

 

 

We can assist you at the start up stage of your business or when you have a new business idea and require funding. The business plan provides background information on your business, details the business idea, covers the main strengths and opportunities and summarises the key financial figures. The business plan will  typically show the projected profit and loss account, balance sheet and cash flow position of the business for a 2 year period.

 

As well as assisting you at the start up stage of your business we can assist you in putting a structure around your plans for the future. We will work with you to understand your business mission, goals and objectives and break this down in to actions steps. We will construct a financial plan around these steps. We will then help you to track your performance every quarter and ensure that you only commit financial resources and time to projects that meet your objectives and help the business.

 

If you are thinking of buying a business we can carry out a review of the books and records and the historic financial performance.  We will contact the target company and their accountants and arrange to get access to all required information. We will then report back to you on the issues found and the likely risks. We will also advise on the value of the business.

 

You may wish us to review your internal controls. This review can have two dimensions. We will look at the specific business risks that the business faces and ensure that there are controls in place to ensure that these are mitigated. We will also look at ways of improving the processes and making them more efficient and effective.

 

You may wish to sell all or part of your business at some point. By using recent trading results and forecasts we can calculate a realistic value that can be expected for the business and assist with the negotiation process. The final value can vary depending on the type of business, the financial results and the stake being sold.

 

You may need ongoing assistance with your financial accounting software. We can assist in making sense of the information produced. We have a lot of experience in working with a variety of accounting software packages.

 

 

We work with the Auditel network to help businesses minimise their overhead costs. No business wants to waste unnecessary time and money monitoring their overhead costs. Auditel  gives business owners peace of mind that they’re doing the right thing in the non core areas of their business in which they have limited detailed knowledge. Businesses frequently pay more than they need to for things like energy, waste, water and stationery.  The solution for this is to outsource the management of non-core costs to Auditel. They make sure that businesses only pay for what they need. Auditel work on a no win, no fee basis. They only get paid after the savings are in the bank.

 

We work with you to improve your profits, finances, systems and team while growing the business at the same time. We have teamed up with Dalmore Solutions to provide this service. We start by identifying the main challenges that you face and your future goals and we then work with you to achieve those goals.

 

We are part of the Peak Performance network. Peak Performance is a business run by professional accountants for accountants. It allows us to access tax structures that only very large accountancy firms have been able to provide in the past. These tax structures help directors earning over £56,000 and one person companies invoicing one or two customers £50,000 per annum significantly reduce their tax. Assistance can also be provided in the areas of employee benefit trusts, mitigation of large capital gains tax charges and the reduction of tax for individuals with incomes of more than £150,000.

 

 

Sage is the market leader in providing accounting software. We are a Sage registered reseller and our staff can provide advice and assistance on how to use Sage Line 50. If you require a structured Sage training program we can provide this as well. We work closely with a very experienced training provider and can help you to get the most from your software.

 

 

We are part of Business Network International (BNI). BNI is one of the largest and most successful business networks in the world. It allows us to access good and reliable service and product providers in all business and professional areas. We would be delighted to give you more information on this area if you are interested.

 

We also work closely with LINC which is the national association for business angels in Scotland. We also work with Glasgow Opportunities and Business Gateway who can provide business support and access to business funding. We also have close links with all the major banks, many solicitors, financial advisers, insolvency practitioners, corporate financiers, business sellers and surveyors. If there is any way we can assist you let us know. If we can help we would be happy to refer you to someone who has a good track record and has done good work for clients in the past.