Starting Up in Business?
Are you thinking of setting up in business? We are here to help. Things you might be wondering about:
- Will I need a business plan?
- What about finance?
- An overdraft to fund my working capital?
- Loan finance to fund my capital investment?
- What is the best structure?
- Sole trader, partnership, limited company?
- What are the plusses and minuses of each?
- Should I check out my market and the likely competition?
- Will I need to employ people?
- What about registering for VAT?
- Who has to do this and when?
- Who is going to keep my books?
- How do I register with HM Revenue & Customs?
- Who pays more tax? A company or a self-employed person?
Running your own business for the first time is a liberating experience. But it is also a daunting one. There are an awful lot of things to learn about and a lot of responsibility. Here at Nevill Hovey we can deal with almost any aspect of this. We are a small business ourselves, a team of just ten people. We can empathise completely with anyone setting out on this road for the first time. And most of our clients are small businesses. So there are not many small business issues that we cannot help with. We will either advise you ourselves or point you in the direction of someone who can help.
Already in Business but Struggling with the Paperwork?
You are in business because you are good at what you do and because you enjoy doing what you do. You did not go into business to do paperwork, keep your books, do the VAT or pay more tax than you have to. You want to concentrate on your core business and these other activities are an unwanted distraction. Sometimes you find yourself doing them at nights or at weekends. This is not good for your health and it is not good for the health of your business. We are here to help with all these things.
Bookkeeping
We will find someone to write up your books or we will do it for you.
VAT
We will do your VAT returns for you. Could you use the VAT flat rate scheme or switch to VAT annual accounting? We will advise.
Payroll
We will process your payroll for you – weekly or monthly. For peace of mind, just leave it to us. Especially, those tricky end of year aspects ... The P35, the P11Ds, the P11D(b)...
Well Established in Business and Looking for a Pro-active Accountant?
Sometimes people say to us that they would like to see and hear from their accountant more often. They really value the opportunity to discuss with a supportive but objective observer their business issues. Whether it is tax efficient structures, software applications, sources of capital or almost anything else, we either know the answer or we know someone who does. We will fit in with your requirements. So, if - like one of our clients in Exeter you would like to meet regularly every quarter to review the management accounts, we will be there. Or, if you just want to chat on the telephone, we will speak to you right away or we will get back to you as quick as we can. Because we know you are not looking for an answer next week.
For owner managed businesses, we will devise a tailor made service package. Typically, this might include business planning, management accounts, financial accounts and audit. For charities, advice on corporate governance and risk analysis might be included. Here is the menu;
- Tax compliance (income tax, corporation tax, VAT);
- Tax planning (capital gains tax, inheritance tax);
- Budgeting and forecasting;
- Management accounts;
- Financial accounts;
- Audit;
- Corporate governance.
