We are often faced with clients who have questions about their businesses, our staff are trained to answer your queries. Here are a few common examples...
Not without first talking to our business development manager who can offer restructuring plans and alternative financing options. With the help of our business development manager and our network of investors your business could be flourishing again in a matter of months.
Our fixed fee pricing structure is agreed during our engagement process and it details all the work we will do for your business. Everything that we do that falls within this agreement is included in the fixed fee quote we issue you with. Our fees are based on the agreed upon projections for your business performance.
Allocating profit/shares is especially difficult in start-up businesses as valuation of the company is based primarily on estimations of future performance. If you have investors then you should consult with us before making any such decisions, why not join us in our boardroom for a coffee to discuss how this issue can be resolved to best benefit you.
The most basic way to look at this is to see what’s left over after paying your staff, overheads, suppliers, shareholders and other expenses. But then you must factor in if you want to re-invest any of this leftover amount into the business and the tax consequence of how any amount is taken. Our business development manager and taxation manager are available to discuss your options.
There is no easy answer to this question, it requires an in depth analysis of a business, the projected growth, the commercial risk and the personal preferences of the business owner. Obviously it may be beneficial for a business to become limited however this is not always the case. We’re able to guide you through the incorporation process and help you decide on the best route for your business.
If a business has a turnover of VAT taxable goods and services supplied within the UK for the previous 12 months is more than the current registration threshold, or you expect it to go over that figure in the next 30 days alone, you must register for VAT. However, some businesses may benefit from voluntary registration even if the turnover is below this threshold. Contact us to discuss this and to find out if voluntary registration is the right move for your business…
A tax deductible business expense is an amount wholly and exclusively related to the associated trade or employment. Our trained taxation staff are available to answer your expense queries.