Existing business often feel that the increasing
compliance burden imposed upon them , can affect their
future plans for growth or sale - we can help you to
evaluate the structure of your business and provide
you with the support and guidance which could be critical
in achieving your business and personal objectives.
For further information please select the service above or contact us for a free initial consultation for as long as it takes with no obligation.
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All businesses are required to prepare financial accounts for the Inland Revenue and Companies House that comply with the latest legislation and guidance.
We are able to provide assistance with the preparation of your accounts, whether from manual or computerised systems for presentation to you, your Bankers and the Inland Revenue.
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Should you require further information or would like to speak to one of our advisors then please contact us.
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The production of management accounts can be an effective business tool if used to their potential. The use of regular information is vital to the continued success and growth of a business.
We will work closely with you to develop a thorough understanding of your business so that we can make constructive suggestions to help improve and monitor the development of key areas and as a whole.
We aim not just to provide you with a set of figures but to turn those figures into a tool to help drive the business forward. We can prepare management accounts on either a monthly or quarterly basis depending on your requirements.
You can be assured that you will then have reliable information and advice on which to base your future business decisions.
Should you require further information or would like to speak to
one of our advisors then please contact
us.
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We can help you with all your bookkeeping requirements, whether visiting your office and staff or providing a total outsourced service.
The first step is for us to gain a more in-depth view of how your business operates so that we may tailor our approach to best suit your requirements and provide the service you need.
This could be preparing your accounting records for you or reviewing the records prepared by you or your staff. If the latter is required then we can help develop your staff to ensure that your business becomes more self-sufficient in the future.
Our staff are trained in a variety of accounting software packages and are on hand to provide any additional support.
Should you require further information or would like to speak to
one of our advisors then please contact
us.
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Business plans can be a key tool in managing your business or for assisting with raising finance.
We can provide you with guidance as to the contents of a business plan and can prepare the financial forecasts for inclusion within the plan. We would always recommend that you write the content of the plan in order to convey the passion of your business; however, we can review the plan and recommend appropriate changes based upon our experiences.
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Should you require further information or would like to speak to
one of our advisors then please contact
us.
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We can provide advice as to the variety of sources of finance available to businesses and provide guidance as to the suitability of the various alternatives.
Should you require further information or would like to speak to
one of our advisors then please contact
us.
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With an ever-increasing burden of red tape and complex legislation
being imposed on employers, it can seem a daunting task to take
on employees. We provide a full payroll bureau service, which includes calculating the tax due, providing detailed payslips,
dealing with attachment of earnings and all payroll related issues
for employers with any number of employees.
This allows you as an employer to concentrate on your business and be safe in the knowledge that your payroll requirements are being taken care of.
Should you require further information or would like to speak to
one of our advisors then please contact
us.
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This is a fast moving area with ever changing regulations which can be hard for owner-managed businesses to keep up with. The demands that are now placed upon VAT registered businesses are on the increase and compliance can become a heavy administrative burden on your business.
We can help to ensure that you are aware of these regulations and remain informed of recent developments to ease the preparation of your VAT return. To help you manage this area we can provide many efficient and cost effective services to ensure that you remain up to date with the authorities, such as:
- Finding and advising you on the most effective and appropriate
scheme to operate
- Assisting with monthly or quarterly VAT return preparation
- Advice on VAT planning and administration
- Dealing with any disputes or queries arising with the HM Revenue
& Customs
Should you require further information or would like to speak to
one of our advisors then please contact
us.
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We provide assistance with the reporting of all benefits in kind, such as company cars, medical insurance, etc on forms P11D or PAYE settlement agreements each tax year.
We can also provide advice in relation to the provision of benefits to your employees, such as the implications of company cars versus personal cars for business purposes or medical insurance.
Essex Abel can review your system for reimbursing expenses to employees and advise you as to any changes which may be required in order to agree the system with the Inland Revenue, which will remove the reporting of the expenses each year, therefore, reducing the administrative burden on your business.
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Should you require further information or would like to speak to
one of our advisors then please contact
us.
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After several years in business, you can often find yourself considering the next step for the business, whether this is expanding into related areas, incorporating your business, acquiring a similar business, taking on a new business partner or how to facilitate the disposal of the business.
In order to move forward in business you must ensure that you have thought around all of the issues and taken them into consideration. With our expert guidance we can help you with constructive and objective comments that will question how your business operates and think outside the box, whilst keeping you focused on your main goals.
When we are both clear in the direction that you have decided to
take; we will be on hand to support you every step of the way and
help you to see how the strategy chosen will affect some key areas
of your business;
| Finance |
How will the venture be funded? Where will the
sources come from and be maintained? |
| Innovative |
What technology will you require in order to stay ahead of
the competition? |
| Staffing & Human Resources |
What type of employee will enhance the value of business
and help you achieve your goals? |
| Marketing |
How will your business be communicated to your customers and
how will you be able to obtain new business streams and customers? |
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Operations
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How do you intend to keep your business progressing as efficiently
as possible? Do you have the appropriate systems in place to
monitor and respond to changes in your business environment? |
Should you require further information or would like to speak to
one of our advisors then please contact
us.
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After initially operating as a sole trader or in partnership, you may consider that it is time to transfer your business to a Limited Company. This could be for a variety of reasons, such as, increased commercial risk due to the growth of the business, to provide a corporate image in the market place or to take advantage of the tax savings, which may be available.
We can advise in relation to the additional compliance issues and the changes required to the way you operate your business.
This is a complex process, but we can guide you through the process to ensure that you understand the issues, which you will face and to ensure you maximise any potential tax benefits available.
Should you require further information or would like to speak to
one of our advisors then please contact
us.
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In order to progress your business forward or to increase your market share you may wish to consider merging or acquiring another business entity.
This process can be complex and time consuming depending on the conditions of each business. Therefore careful and structured planning is required to enable the negotiations to flow as smoothly as possible and achieve the desired result.
This requires the support and assistance of trained and skilled professionals such as ourselves to help assist in the following;
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- Identify potential targets for acquisition
- Review candidates for suitability
- Preparation of a negotiation strategy
- Source of any relevant finance to fund the merger / acquisition
- If necessary develop an integration plan for the businesses
- Optimising the tax and financial position of your new enterprise
Should you require further information or would like to speak to
one of our advisors then please contact
us.
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In some circumstances you may decide to dispose of your business in full or a part of the business, as part of your retirement strategy or because you want to concentrate on you core business.
The disposal of a business will require a carefully structured and precise exit plan to maximise the proceeds and to minimize any potential tax liability.
We can assist you in all areas of this such as:
- Help in valuing your assets
- Advise you as to the tax structure of the various methods of disposing of your business
- Finding suitable purchasers
- Reviewing the applicants suitability
- Assistance in the negotiation of the sale
- Preparation of any documentation to support the value and presentation of your business to would-be investors/buyers.
Should you require further information or would like to speak to
one of our advisors then please contact
us.
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