Paradoxically, rapid increases in turnover can sometimes weaken or even destroy a business because its systems break down or because it cannot finance the increased levels of stock, work in progress and debtors which are required. Adequate working capital and good controls over stock, invoicing, credit to customers and cash collection are among the most important aspects of good financial management in a growing business.
Expansion of business activity increases the volume of transactions which have to be recorded. Tasks such as payroll preparation, bookkeeping and accounts preparation may be better handled outside the business by an outsourced provider such as a chartered accountancy practice.
Eventually, you may wish to employ a Demacks. Chartered Accountant full time, although there will still be an occasional need for specialist help from an independent firm. If an audit is required, it cannot be carried out by a Demacks. Chartered Accountant in your own employ.
Sage accredited main dealer
Setting up in business | Legal Compliance | Keeping informed | Planning for profit | Raising finance |
| Managing growth | Buy, sell or merge | Minimising tax | Agreeing tax liabilities | Tax Rates 2017/2018 |
What Are The Benefits For You Demack?
- Most business owners are facing challenges in these harsh financial times. We are passionate about your business and finding not only solutions to these challenges, but also to help you progress, grow and, most importantly, keep more of what you earn.
- Despite the economic downturn our Top 15 customers have increased their combined net worth by 79% and are still growing!
|1-3: Compliance work
Regular visits of at least three times a year
Deeper knowledge/understanding of business
We are interested in being closely associated with your business
So you get peace of mind from knowing someone is paying close attention to how your business is running the whole year and not just when the accounts need doing.
We will show you the valuable insight that can be gained from the analysis of your accounts.
Helping you understand your accounts so you can spot potential opportunities or danger areas much more quickly, helping you plan your cash flow more accurately.
And giving you guidance on how you can improve your profitability.
So you know book-keeping and accounting systems are working through the year so preventing any nasty surprises at the end.
You can get a lot more out of your accountant than compliance work.
|4: Pushing for Profits
Forecasts to implement the four ways to grow
Using the details of your accounts
Pushing for Profits workshop
Time away from working IN your business to work ON your business allowing you to focus on its true potential.
By using the four ways to grow model you will be able to set a specific action plan to develop your business over the coming financial year to maximize your profit margin.
From our knowledge of your accounts we can create accurate forecasts that plot the best way to grow your business by highlighting the areas with the most potential for increased profitability.
|5: Taking Financial Control
The monthly reviews of the taking financial control programme will keep you focused on your financial and tactical goals and keep a focused eye on profitable opportunities.
The programme will make sure you have the ALL information you need to allow you to feel confident in all the necessary financial and tactical decisions you will need to make.
It will also make sure you are within or beating your cash flow, balance sheet and P&L forecasts helping you make the most of the money you have and stop unnecessary wastage.
6: Planning For Growth
Development of Business Plan
Helping you keep more of what you earn
All good businesses have a robust plan for the future. The Planning for Growth process helps you to construct a solid vision of the direction and growth of your business.
From this strong relationship and in-depth understanding of your company you can develop long term strategies which include tax mitigation planning.
Business start-ups, Accounts Preparation, Tax Planning and Advice, Tax enquiry and investigations, Personal & Business Taxation including Income Tax, Self Assessment Tax, Coming into/Leaving the UK, Inheritance tax, Capital Gains Tax, Corporation Tax, National Insurance, PAYE, Value Added Tax Advice and Company Secretarial services
What a Demack Chartered Accountant can do for you? Call +44 (0)20 784 1122