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Do you intend to set up as a limited company or self-employed worker? Need help and advice in managing the process? Our team are here to provide insight and guidance.
If you own a limited company, you’ll be aware that you have financial and accounting obligations that other kinds of business enterprises are not subject to. This includes the submission of year-end accounts to HMRC and Companies House.
Regular management accounts are essential to your business in helping you to monitor performance. But what information should they contain? They are not a legal requirement and they are business specific so they should include the aspects that are of most interest to you as the owner.
Missed payroll submissions can mean fines, penalties and audits. Errors can result in financial management emergencies. Failure to pay employees properly, or on time, can also have consequences for your business.
Bookkeeping and related administrative tasks can be a distraction from running and building your business.
It is possible to free up at least 20% of your time by outsourcing your business bookkeeping processes, that extra time could mean more on your businesses bottom line.
VAT is complicated to deal with, based on a myriad of rules and regulations that govern the financial practice. Businesses that must pay VAT are subject to a variety of requirements, responsibilities and exemptions. Making mistakes when it comes to VAT can be damaging to your business.
We begin preparation of Corporation Tax Returns for all clients soon after the anniversary date of incorporation. This allows time to review the draft Corporation Tax Return, avoid late filing penalties and can improve credit scoring. We have extensive experience with relief schemes such as SEIS, R&D, Entrepreneurs Relief, Tax Free Allowances, Gains and Brought-forward Losses, enabling us to explore applicable costs that would be associated with your business.
Whether you are a business owner, company director, entrepreneur, partner in professional practice, land or property owner, we can help to optimise tax reliefs and exemptions in a way that is tailored to your personal circumstances and thereby ease the potential impact of turbulent economic conditions.
The UK tax system is complex and changes constantly. We offer tax planning strategies for SMEs and corporates.
There is a wide range of reliefs and provisions that are available to legitimately reduce a tax liability without straying into tax avoidance.
We can provide a very effective Cash Forecasting service. These can be absolutely essential to the survival of your business.Services include: Chasing of unpaid debtors, Management of Payments to Suppliers, Weekly cashflow to monitor immediate cash needs of the business, Reconciliation of Supplier Accounts to prevent duplicate payments, Long term forecasts, Liquidity Crisis Management.
Business expansion involves time, money and effort in regards to planning, cash flow management and growth strategy development. All types of investment come with risk and therefore, expert advice is required to guide you through every step and ensure that your plans are designed for a smooth implementation.
If you are considering expanding your business through a merger or acquisition, we strongly recommend you seek appropriate professional advice and assistance to ensure your interests are best represented in any subsequent transaction.
It is equally important to seek professional help and advice when selling a business.
We can help with the valuing of assets, preparing the business for sale, finding suitable purchasers and negotiating the sale.
We work with businesses from 2 to 200 employees both locally and nationally.
Like a conventional partnership an LLP benefits from its simplicity. Owners can withdraw money from the business with flexibity. There is no need for PAYE, P11Ds, board resolutions or dividend vouchers and currenty no tax penalties for taking loans from the business. Some clients fail to understand these issues and make costly mistakes – which is why your accountant is so important.
Any not-for-profit organisation has to carefully monitor its finances, especially if it relies on the goodwill of donors, volunteers and members.
Yes, Acuity can do it all for you from bookkeeping, Vat returns and payroll to end of year accounts
Yes at Acuity you will not be billed for asking any questions
You must keep records for 6 years from the end of the last company financial year.
No, here at Acuity we charge fixed fees that will be determined and agreed at the outset, we also offer the option of fixed monthly payment to help ease cash flow for your business.
Businesses have to provide accurate records of their accounts by law. By using Acuity we will ensure your accounts are prepared correctly which can also help you make more money through paying less tax as well saving you an awful lot of time, stress and responsibility.
This can depend, for some it may just be once a year whilst for others it may be several visits. It really depends on your business and the work you would like us to do for you.
No we offer fixed fees for all clients, we wont always be the cheapest but sometimes cheapest isnt always the best, quite often as we all experience in life cheapest often turns out to be the most expensive in the long term. We value your custom and want you as a long term client so will never offer low prices just to attract your business only to inflate them the following year.
At Acuity we like to do things a little different, were often out and about and we do like to visit you so that we can fully understand the individual needs of your business but if you prefer to just come to us that absolutely fine, we have great coffee!
Firstly if your current accountant is pro active and offering you an excellent service at a fair price you should probably stick with them, however all accountants are not the same having different expertise in different areas, so if you feel we can offer the kind of expertise and service you require its actually relatively easy just one letter from you and Acuity will sort everything else for you
