Accountancy services for business

At Barnett Ravenscroft we believe that effective accounting and taxation planning is an integral part of the development of any successful business.

We are able to offer you peace of mind that your accounts and tax returns are in order thereby allowing you greater time to concentrate on managing and developing your business.

Whether you are a sole trader, partnership, limited company, charitable or non-profit organisation our accounting and taxation services include:

• Accounting software advice including training and installation.

• Preparation of budgets and financial forecasts.

• Bookkeeping services.

• Payroll outsourcing including all PAYE and NIC returns.

• VAT support.

• Preparation of periodical management accounts.

• Preparation of annual and statutory accounts.

• Personal and corporate self-assessment advice and returns.

• Capital gains and trust & estate returns.

• Support and assistance with HMRC investigations.

Barnett Ravenscroft offer much more than these essential services and can provide a full tax, business planning and support service.

Transform your audit into a benefit.

Barnett Ravenscroft has many years experience in the carrying out of statutory audits for companies of all sizes in various sectors.

We can offer you the peace of mind that your accounts are fully compliant with statutory requirements and at the same time identify strengths and weaknesses in the finances of your business. We will then be able to show you the way to future success and profitability.

As well as meeting the statutory requirements we will work towards transforming your annual audit into a benefit by:

• Taking the opportunity to conduct a review of your financial and management systems

• Identifying potential problem areas

• Suggesting opportunities to improve your business performance

• Assisting you with planning the future growth and success of your business

We will then be in a position to discuss any problems and opportunities with you and assist you in implementing any agreed changes.

Maximise your growth potential.

Barnett Ravenscroft support and advice is tailored to meet the requirements of each of our business clients and to help improve their profits and growth.

We are continually developing and adopting a wide range of skills and services which are designed to assist our clients in improving business performance and profitability. We also monitor our clients’ finances continually and give regular strategic advice on how to improve business performance.

We can assist you in creating effective financial and accounting operations that will provide you with the financial information and controls essential for you to run your business. This will leave you more time to concentrate on running and developing the business.

Whether you are a small or large business we can provide the following services:

• Accounting software advice including training and installation

• Preparation of business plans, budgets, forecasts and cashflows

• Preparation and review of regular management information in line with budgets and forecasts

• Attendance at regular management meetings to provide support and advice

• Attendance at meetings with bankers and finance providers

• Corporate tax planning

• Long-term business and personal planning including exit strategies

• Assistance with energy efficiency reports

• Marketing, strategy, planning and communication

Fund innovation with R&D tax credits

Research and development (R&D) tax credits are a potential opportunity for government tax relief. The credits can be considerable for some businesses – It’s all about rewarding innovation.

UK companies that spend money researching and developing anything from new products, processes or services, to enhancing your existing products and services could be eligible for tax credits.

Our team have been working with existing clients to ensure they don’t risk throwing away thousands by not claiming.

Our specialist consultant can help your business find research and development costs and assist in making your claim.

• Assess eligibility

• Review existing claims for tax credit

• Advise on funding and financing eligible activities

• Assess ongoing R&D plans

The exact tax credit size depends on a few factors such as the size of your business and whether you are doing qualifying activities.

Many of our clients have used this service and have benefited from tax credits in all sorts of areas from engineering firms to website designers.

Minimising your overall tax exposure.

We have been advising clients for over 35 years in running their businesses in the most tax efficient manner in order to minimise these liabilities.

Barnett Ravenscroft provides comprehensive advice in all areas of corporate taxes including corporation tax and capital gains tax as well as VAT compliance and planning. We will assist you in minimising your overall tax exposure ensuring your retained profits are maximised.

We provide tax planning advice to owner managed businesses in the following areas:

• Directors remuneration strategies

• Company vehicle advice

• Timing of transactions to ensure maximum tax efficiency

• Corporate structures and re-structuring

• Purchase of own shares

• Cessations and liquidations

• Capital allowance reviews

• Research and development tax credit advice

• Utilisation of losses

We have a cautious approach to tax schemes. If you are interested in exploring the possibilities we will advise on the potential risks as well as the rewards.

We have helped many businesses to start up, a considerable number of which have developed into substantial owner managed businesses which we continue to provide guidance and support today.

We can assist with:

• Constructive evaluation of your business idea

• Advice on being a company vs self-employed

• Tax efficient extraction of profits guidance.

• Set up of the company and working through VAT, PAYE, corporation tax and personal tax areas.

• Assistance with cloud-based software set up and training.

• Understanding what you want from your business and providing a tailored service to help you achieve your goals.

• Becoming your trusted business advisor assisting you in all areas of accounting and finance as you grow.

• Banking and financial arrangements.

Once we have all of this in place, we can then assist you in reviewing the performance of the business with monthly and quarterly management accounts to ensure that opportunities are maximised and threats are averted.

Please contact us for more information and advice regarding business start-ups.

Compliance and secretarial services.

The Companies Act places strict obligations on companies to submit the required documents to companies house according to specific deadlines.

We can provide peace of mind by taking this responsibility off your hands.

We offer the following company secretarial services:

• Preparation and filing of statutory returns

• Preparation and filing of details of directorship and other changes

• Share transfers and issue of certificates

• Share allotments

• Preparing and filing minutes and resolutions

• Maintenance of statutory books

• Company searches

• Company formation

Please contact us for more information and advice regarding our company formation and statutory services.

Helping you to secure the essential deals.

At Barnett Ravenscroft we recognise the importance of properly secured finance for your business.

Our services include:

• Raising funding from banks

• Securing loans

• Property mortgages

• Mergers and acquisitions

• Corporate reconstructions

• Management buy ins & buy outs

• Exit planning

• Business valuations

• Due diligence

Accounting and bookkeeping is changing at a very past pace. The latest cloud-based software is now essential for companies seeking to maximise their efficiencies and keep control of their records.

Barnett Ravenscroft can assist you from set-up to training and ongoing use of the latest cloud-based systems, such as Quickbooks, Xero and Sage. We then use the software’s up to date information to provide you with meaningful information that can assist you in ensuring your business is performing as it should be.

We specialise in helping our clients manage their cash flow with our forecasting service.

We do this by preparing and updating detailed cash flow forecasts, using the latest and most powerful software. We can also help you negotiate or renegotiate overdraft facilities and find specific funding to help you grow.

It has never been more important to have a forecast in place. Forecasts allow us to prepare period management information to ensure your business is on track.

We can work with you to make a personal or business forecast showing the expected ups and downs over the coming 12 months. We can then track your results alongside the forecasted figures.

The forecasts can be flexed and adjusted to show how results can be improved via small changes to your business. They can also be used to set targets.

Barnett Ravenscroft have our own bespoke payroll team.

This team is responsible for preparing our client’s payroll requirements including:

• Preparation of monthly and weekly payslips

• Preparation of the associated payroll, P32’s, RTI submissions and associated HMRC requirements etc.

• Preparation of all pension calculations and reports required.

Our bookkeeping team prepare the necessary journals and bookkeeping entries for our clients to assist in the smooth preparation of further accounting work.