What We Do - More Exciting Stuff
These are the slightly more interesting bits that accountants understand (really it is only here for insomniacs)! But hey, there is a surprise if you make it to the end!!
During the life of a business, the skills needed to maximise potential are different. They equate to three ages of development, Birth, Growth and Maturity. These are some of the points that may need to be addressed, sorry that it seems like accounts speak but we have to show that we can deal with the routine as well as the fun bits.
Birth
This is the early vulnerable stage for any business.
- Preparation of business plans, cash flow forecasts, mission statements and company policies.
- What makes an adult want to do this sort of thing?
- Remuneration planning and payment structures.
- This can be exciting, it is certainly interesting, because it can save you money
- Sole trade, corporate structure, partnership or limited liability partnership structure.
- This can save you money.
- Compliance, corporate tax or VAT registration. PAYE structuring
- Yawn!
- Five or ten year plans.
- Useful if you have a plan. Subtle marketing message coming...Speak to us
- Financing
- Where does the money come from? How much do you keep? What do you do with it?
Well you are a bit older now, maybe not as vulnerable but still looking forward to a goal. Most people (but not our clients) do not have a goal, they may have a dream, we can make dreams reality. It is important in this stage to look at what you do, why and how you do it and not to rely on doing the same as you did before.
Growth
- Expansion financing and modelling.
- Software can now do this, but can it help you work out what you need to know?
- Profit improvement, bottom line profitability, sustainability.
- Not exciting but should be interesting.
- Relocation, staff expansion and recruitment.
- Need we say more?
- Risk assessment, areas to focus upon and improve.
- All good stuff but little fun!
- Motivation, goals and objectives.
- Wait for it...Yes you need us to help with this.
Well the business is now grown up, it has made it, you have made it, but do you want to keep it?
Maturity
- Remuneration planning and creative tax planning.
- Helping you keep more of your money. This should make you very excited, but we are not talking about chocolate here.
- IHT (Inheritance Tax), CT (Corporation Tax) and VAT planning.
- Helping you and your family keep more of what you have worked for.
- Grooming the business for sale. Getting it in peak condition to maximise its value.
- This is one way to maximise your potential, this is nearly as exciting as chocolate but not as good as chocolate.
- Take-overs and negotiations.
- Get bigger by being bigger.
- Change of direction.
- Be prepared to be flexible, too many plans we have seen do not allow for the unexpected.
- Mindset, goals and motivation.
- Consultancy speak for "get to where you want to be".
- Succession planning and exit route planning.
- Actually doing it! Converting the value of the business for cash to spend (on chocolate).
As a reward visit our jokes page to see pictures of what you can spend your money on, or to put a smile on your face, read some jokes about accountants that made us laugh.