Other Business Support services

The combination of your business knowledge and our help and expertise will ensure your business grows and increases in profitability.

How can we help? We can provide -

Management information

Regular, timely and accurate management information is vital to the continued success of any business. We work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions.

Every business though should plan ahead to ensure success and try and cater for problems before they happen. Cash-flow forecasting is a great tool to achieve this because it focuses the business owner’s attention on when cash flow might be difficult so they can take corrective action in advance rather than when it might be too late.

Bookkeeping

We can help you with all your general bookkeeping requirements although we feel it is best if you can manage this yourself. Firstly it saves on cost but more importantly it keeps you in close touch with what is going on day to day in your business.

Accounting information is by nature historic – you receive the information after the event which sometimes can be too late to take corrective action. Some firms are very prescriptive as to how they want you to keep your records or what software you should use. That is not our way – we will suggest alternatives and make recommendations but ultimately the client should choose.

Some clients want nothing to do with it because it is not their thing and they would rather be out running their business. At the other end of the spectrum are clients who want to do everything themselves. Whatever your preferred way of doing things we can work with you so that you manage your business effectively and get the right information in a timely, accurate and cost effective way.

Our approach is you are the client, you should be in charge and we are there to help! 

Payroll

Running a payroll can be time consuming and complicated and divert resources from the core activities of your business. We can address this by installing payroll software and training your staff. Outsourcing this activity also helps relieve the pressure and we can offer cost-effective solutions. We are able to provide the complete service, whatever the size or complexity of your business, or simply provide support when needed.

Incorporating Buy to Let Business

Very topical at the moment, thanks to George Osborne’s ‘attack’ on buy to let landlords a few years ago. Because of his changes it is estimated that about 20% of all buy to let properties are now held in limited companies.

There can be advantages to incorporating such a business but it is complex and may not be suitable or appropriate for all buy to let landlords.

We are happy to discuss your requirements and advise on the best course of action available to suit your individual needs.

Business Exit Strategy

You have run a successful business all your life and now it’s time to take things a bit easier.

You may decide to sell completely, sell part of the business, allow existing management to buy you out, transfer it to a family member or just cease to trade. You may have property in the business you want to move out prior to the sale etc.  

Early tax planning is essential in order to ensure that you exit the business in the most tax efficient way possible and depending on your specific requirements we can advise and tailor exit strategies so as to achieve what you want to do whilst achieving maximum tax efficiency.

If you have any questions please call Aidan Smyth on 01892 515 733

Or email reception@peterhodgson.co.uk