Financial Axis UK
Accountants & Business Advisers
Factsheets
Annual Accounts
Sole traders and partnerships are legally required to prepare annual accounts. Companies, limited liability partnerships and other bodies have extra responsibilities under the Companies Acts and other legislation.
Although this may seem like an extra burden on your business, we can help you turn this process into something much more: a valuable source of information to support planning and decision-making.
For a start, we’ll time your accounts to take best advantage of early tax planning opportunities.
We won’t redo work you have already done because we prepare the annual accounts from your underlying records, tailoring our work to how far you have been able to take the accounts yourself.
We would provide you with feedback on your accounting systems to improve the flow of your management information. Our own accounts software links to our tax software, to maintain speed and accuracy in dealing with your accounts.
We’ll make sure that your accounts comply with best accounting practice and present them in a professional manner. This reflects well on your business if you need reports for your bank, potential investors or other financial bodies, while your accounts themselves also demonstrate the financial integrity of your business.
Please contact us and we will discuss the accounts in detail with you, exploring tax and tax planning issues, as well as any other topics you wish.
We’ll also identify strengths and any unexpected trends within your accounts and suggest solutions if we find areas where your business and its performance could be strengthened.
Raising Finance
You may have a great idea or plan for moving your business forward but there is one thing holding you back: getting the finance in place to put the plan into action.
We, together with our associates: Mortgages UK-Wide have the expertise in the specialist field of raising business finance and in business sales or acquisitions, including management buy-outs.
We would start by producing the business plans and financial projections to assess the viability of your planned project to support your funding proposals.
Strategic Business Planning
Running a business is a full-time job, so it’s not surprising that many owners and managers are often too busy to think about the bigger picture.
But if you want to give your business the best chance of success, you need a clear idea of where you are going and how to get there.
That’s where business strategy comes in - to define your goals, your game plan and the funding, management tools and work practices you need achieve them.
But it’s tough to do it alone, which is why taking independent advice from experienced people can help you to look at your enterprise with fresh eyes and develop a strategy that gives you a focus for the future.
Our expertise in business strategy has been built up over decades, working with hundreds of clients from all types and size of business.
We’ll start by working with you to decide on your overall direction, then produce budgets and projections to test and improve the viability of your plan.
We’ll also help you to put in place the structures you will need to devise key performance indicators to measure your progress along the way. This detailed planning can also be documented to support proposals for funding to help you achieve your goals.
You will almost certainly need different strategies for different stages of the life of your business but we also encourage you to regularly review your plan – whether this is monthly, quarterly or to look at a specific issue – so that you stay on track to achieve what you want and develop your plan to reflect any new opportunities.
If you are interested in any of our services, please contact us.
