Business Healthy

Other Services

Company Secretarial Services

We can assist you to comply with the statutory requirements in the following ways:
  • Registered Office Facilities at a competitive rate
  • Carrying out company searches
  • Preparation of Minutes of Meetings
  • Preparation of Agendas for company meetings
  • Up-keep of statutory books and records
  • Preparation and timely submission of statutory documents e.g. filing of Company Annual Return form
  • Completion of Share transfer forms
  • Preparation of share certificates
  • Completion and submission of relevant Companies House Forms
  • Dissolving the company
At present there are considerable tax benefits arising from trading through a limited company and most clients require assistance with the extra company law requirements. By ensuring that all company secretarial duties are performed correctly the business and personal tax burdens of being in business as a limited company can be minimised.

Business Turnaround

We believe that early intervention is critical to ensure that a business getting into difficulty has the best chance of understanding its current position, options and choices. We have developed a diagnostic approach to assess the immediate issues and requirements, usually involving working capital and cash flow management and we are confident that with the right support, what might seem an impossible situation can be rescued.

We will appraise the situation and design a comprehensive strategy to assist with:

  • Improving performance
  • Improving working capital management
  • Stabilising the business
  • Providing options to raise finance
We are able to provide assistance and support in the long term to ensure that your strategy is successful.

Preparing your Business for Sale

When selling your business there are several stages that need to be completed in order to achieve a successful outcome. Typical steps include:
  • valuing your business
  • preparing your business for sale, including taking steps to increase its value
  • taking early tax advice will highlight issues which might affect your deal later - vital if you want to minimise the tax burden
  • identifying potential buyers
  • marketing your business
  • meeting and negotiating with potential buyers
  • completing legal due diligence with the buyer
  • finalising the sale agreement and transferring ownership
In order to maximise the value of your business, it is worth spending some time prior to the sale getting your business into shape. This could include cutting costs, reducing debts and reducing excess stock to get your finances into good order. Potential buyers are also likely to require detailed financial information, including audited accounts and forecasts before they will consider making an offer.

You can help make the whole sales process smoother by preparing this information in advance.

Business Valuations

Unsurprisingly, there are no precise ways to value a private business, the seller will want to drive the price up and any potential buyers will want to do the opposite.

So whether it is valued as a pricing exercise prior to a commercial transaction, or for tax purposes, valuing private company shares appropriately is a technical exercise in which we have built up much expertise.

There are relatively easy ways to value certain parts of the business such as fixed assets (machinery, equipment etc) or stock. However, when valuing shares, the first priority is to determine the most appropriate calculation basis:

  • Earnings per share
  • Return on capital employed
  • Asset based
  • A combination of bases.
Where appropriate, we will negotiate with the HM Revenue & Customs, Shares Valuation Division on your behalf. This will be necessary with regard to the discount appropriate to your shareholding, as well as the basic underlying valuation itself.

When performing this exercise, we shall be mindful of your principle objectives. Whether they be minimising the tax on a transaction, obtaining best price for a commercial acquisition or general fairness, we shall advise accordingly. You will have peace of mind that the most appropriate valuation basis has been used.

Book-Keeping

As accounting practitioners, we regularly provide both manual and computerised book-keeping services, to businesses of every size. Book-keeping can be completed at client premises or fully outsourced from our own offices.

If you are already computerised, our knowledge of Sage enables us to provide a complete service using your own existing software package.

The precise book-keeping services provided will depend upon your own specific requirements, but would typically include:

  • Maintaining accurate and complete Nominal, Sales and Purchase Ledgers
  • Reconciling your bank accounts
  • Preparing VAT returns
  • Providing you with the reports that you require to run the business, which will typically include Aged Debtors Listings, Aged Creditors Listings and Management Accounts.
As well as ongoing book-keeping services, we can also provide short term assistance, either to cover absences in your own staffing, or whilst the business is too small to justify employing full time accounting staff.

Book-keeping can be a time consuming task and it can also be technically difficult on some computerised systems. Often there is not enough volume to justify engaging a full time in-house employee. Therefore, by engaging us to provide this service, it means that you can really focus on other productive parts of your business. Outsourcing this segment of your business should also introduce efficiencies which could keep accountancy fees down for any statutory year end work.

Blog
Can You Defer Self Assessment Payments on Account?
28 July 2010 04:37

Taxpayers are not required to make payments on account for 2010 if the 2009 income tax and Class 4 National Insurance liability is less than £1,000. So getting your return in on time could reduce the payment due 31 January 2010 and mean there’s nothing to pay by 31

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Self assessment payment on account
28 July 2010 04:32

The 2nd payment on account for personal tax is due by 31st July 2010. If you are having problems making payment, contact Nottingham Accountants Marshall Smalley to discuss your position. We maybe able to arrange for you to pay in installments. Give us a call to find out!div

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Tax Investigation Help
20 July 2010 05:31

Tax investigations by HMRC are worrying, stressful, even puzzling and will certainly raise a number of questions in your mind. Where can you get help quick so you can focus on taking care of your business?We can provide the answers in a straightforward manner explaining HMRC’s investigation

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VAT cash accounting scheme
20 July 2010 05:30

If you sell more on credit than you buy on credit, we should look at the VAT Cash Accounting Scheme. Normally you pay VAT on your sales according to when you invoice but using this scheme defers the payment of VAT as it is based on when the

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