The Corporate has to deals with many legal departments such as Company House, HMRC-CT for Corporation Tax, HMRC-PAYE for Employer, HMRC-VAT (Value Added Tax) and HMRC-SA for Directors Self-Assessment.
What Artifin Accountants can do for your business?
Provide pre-start-up business advice
You can speak to Artifin Accountants team at any time regarding financial or business planning. However you may find it particularly useful to find our expert accountants before you start as they can provide guidance on the best structure for your business (sole trader, partnership, limited liability partnership, limited company) as well as any legal and tax issues you need to consider.
Give advice on raising finance
The way you finance your business has an important effect on profitability. We can advise you on such things as whether new capital equipment should be leased or purchased, whether cash for your business should be raised by issuing more share capital, taking out a loan or increasing your overdraft, and how to invest any spare cash, either temporarily or more long term.
Give advice on running and managing a business
An external, independent, professionally qualified, and impartial view of your business can be a great help, especially if you’re a sole trader and don’t have any colleagues to discuss plans or bounce ideas off. Artifin Accountants can help you with translating ideas into plans and can help you with profit forecasts, break even analysis and cash flow forecasting, and with setting systems in place to monitor business performance.
Look after the finances and tax
Good record keeping is an essential requirement for monitoring the financial health of your business. Artifin Accountants can suggest the most practical way for you to keep your business’ financial records in order. It is often not necessary to invest in expensive computer software to keep your records, simple spreadsheets or even paper based systems are sometimes all that is required. You can keep your own books in order by using our prestigious services to do it for you.
- Prepare your VAT returns (if you’re registered for VAT)
- Prepare your statutory year-end accounts and calculate how much tax and National Insurance you owe HMRC.
- Give you advice on minimizing business tax by making full and proper use of your allowable expenses.
- Handling any enquiries with HMRC over your tax or VAT on your behalf.
Planning and managing growth
If your business grows quickly or unexpectedly we can advise you on how to manage the additional financial requirements so you have adequate stock and working capital to manage the increased demand. We can also advise you on when and how to outsource functions you previously managed internally such as payroll and bookkeeping, HR, IT and so on. Artifin Accountants can also advise you on how to assess the value when you’re buying or selling all or part of your business and on the most profitable and tax efficient way to undertake a merger with another business.