Smaller Businesses

Changing Economic Climate

Many businesses have been affected by the credit crunch. We can help you review your business and tax planning to see what changes may be useful in the changing economic climate. If you need help please give Peter Pollard a call on 01536 526419.

Business Start-ups

We welcome start-up businesses and will assist you to set up a business records system that suits your individual business whether it is a manual or computerised system. We will give you all the help you need to get you started.

Grow your Business

Businesses can develop growing pains at certain stages of their development. This is particularly true in time of economic uncertainty. Contact us for advice on the way forward.

Taxation

If you are running a business, your tax liability will depend upon whether you are self-employed or whether we have formed a limited company for you.

If you are self-employed, or a partner in a partnership, you have to pay Income Tax and make National Insurance Contributions based on the profits of the business. If you have formed a limited company, you are employed by that company and have to pay PAYE and National Insurance Contributions based on salaries and wages paid to staff and directors. A company has to pay Corporation Tax on profits.

We can help you to decide which is most suitable for your particular circumstances.

Businesses have to register for Value Added Tax usually when their turnover goes over £68,000 in any 12 month period. In some cases it may benefit a business to register voluntarily with a turnover below the limit. We can advise you whether this is appropriate in your case.

Free Telephone Advice

We give free telephone advice on general matters for calls lasting less than 5 minutes. This can be used up to 12 times a year.

Business Planning

If you wish, we will prepare a Business Plan for you before the business starts to trade. This helps to achieve a better cash flow position.

Strategic Planning

We review clients' tax and financial position at least once a year. We look at your goals and see how these can be best achieved.

Philosophy

Our philosophy is to make suggestions on how profits and cash flow may be improved.