How to access and use the New Computerised Transit System (NCTS)
Check when you should use the NCTS If you are a UK trader, you should use the NCTS to submit ...
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Building a successful business is not just about having a great product or service, it is also about building a flexible, financial framework within your business, to deliver timely information as and when it is needed.
For many SMEs, creating this type of framework can be difficult, due to resource limitations or time. Even larger businesses can benefit from having a new pair of eyes to look at the business, especially, when things are not going to plan.
We can work with you on ad-hoc projects or be involved on a monthly or quarterly basis.
We review every part of your business, to ensure every area is functioning as it should.
Do you know that 20% of new startup businesses fail in the first year and over 50% within the first three years? An alarming number but, fortunately, something we can help you avoid. Businesses fail because:
As an experienced accounting firm, dealing with a large number of diverse industries, we are able to quickly “tune into” any new industry we are involved with. We also specialise in SMEs, so we have a good feel for what is practical and what is not.
No, we can’t, unfortunately. There may be many reasons why your application for finance could be refused and, typically, if there were any obvious reasons why it may fail, we would have advised you of this before submission.
Yes, you do, ideally, especially if you are looking to raise funds from your bank, since they will definitely expect to see some form of plan in place. Having a business plan also shows that you have thought things through carefully and have alternative strategies in place, in the event things don’t go to plan.
No, you don’t. However, if you are preparing a plan to raise finance or take to your bank, then it is important to include all the information they would expect to see. If you haven’t prepared a business plan before, then it can be difficult to know what to include and what “weight” to give each section. Also, many do-it-yourself business plans can be over optimistic and be a factor in failed submissions.
Yes, we would and it is something that is quite standard within the accountancy profession.
Since every business is different, we are not able to give a definitive cost until we have discussed your requirements in a lot more detail. However, we are very competitively priced for the amount of experience we bring to the table. Being a flexible accountant, we have a number of payment options that we are sure you would be interested in, especially, if cash-flow is a little tight at the moment.
Our standard accounting services include general advice on good business practices and would touch on most of what our Business Financial Consulting service covers. However, due to the amount of work and due diligence involved, it is a service we have to charge for. Also, we do take on clients already with an accountant, mainly for once-off projects.
A revised year forecast takes actual, year-to-date figures and adds them to the remaining months of the original forecast, giving a more realistic forecast at the end of the financial year. The remaining year’s forecast may also be changed, to reflect what has happened within the business.
It really depends on the level of control you need over the business and what level of financial information is required. Most modern accounting systems have very good reporting facilities, allowing us to utilise them, thereby, helping to reduce our costs. The more manual the process is, the more expensive it is going to be.
Yes, we would. Most new businesses fail within the first three years, due to the reasons mentioned earlier on this page. Knowing that you have the right financial framework in place and heading down the correct path, is a very reassuring feeling for most new businesses, allowing them to make confident decisions.
Yes, we can. Typically, it may be because we appear to offer a better return on your investment, or it could be that our experience compliments what your existing accountant has to offer.
Our financial advisors are here to support you. If you have questions, please do not hesitate to contact us and we will get back to you within 24 hours, but usually much quicker.
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