Business Growth Services
adding value to your business
We offer a wide range of compliance accountancy services, business consultancy and tax services. Do not mistake us for being bean counters; we are forward thinking in our approach to all our work.
We offer a FREE initial consultation so that we can find out your needs and tailor our services to those needs and help your business to grow. So, all it costs you is a little time. We will meet you at home or work and any reasonable time.
New business support programme
Research shows that 4 out of 5 businesses fail within the first 5 years. Even worse… 57% of business start-ups fail in the first 12 months!
It has also been found time and time again that businesses that plan and seek professional advice from the outset have a significantly greater chance of being very successful.
The programme is designed to help your business overcome the hurdles that trip up 80% of new businesses, and to help it become highly successful.
What is included in the new Business Support Programme?
- Preparing a business plan and cash flow projections etc.
- Determining the best structure of your business
- Registering with Companies House and HM Revenue & Customs
- Establishing contacts with banks, insurers etc.
- Raising finance
- Bookkeeping training
- VAT and Tax advice
Unlimited free ad hoc advice
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JM Dashboard
Business performance monitoring with JM DashBoard
Our strategic plan advice for the modern businesses includes a new tool; the business dashboard. Much like the dashboard of a car, this tool provides daily/monthly etc. monitoring of the key performance indicators of the business.
What are key performance indicators? (KPI’s). Broadly speaking a KPI is a tool for business improvement, focusing on important measurements in the business that are used to track performance against a target/strategic goal, objective, plan, initiative, or business process. By their very name they are of critical importance for business success. They vary from business to business and can be quite tricky to set.
These key performance indicators keep the business not only going in the right direction, but also remain on the plan to achieve the various business goals.
Many business owners spend too much of their time working in the business instead of on the business, the JM DashBoard process provides a quick way to see whether the business is on track to achieving its current goals. It enables business owners and their senior team to become focused on the key goals and to set target KPI’s and ensure action is carried out to deliver them.
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Developing and Improving Your Business...
If each year, as a business owner, all you get from your Accountant is incomprehensibile figures that are only used to:-
- Work out your tax bill
- Be filed at Companies House
... wouldn't you rather see your results as a comprehensive report incorporating graphics, with clear explanation of what the numbers mean for you that will show you the trends in your business allowing you to act accordingly to the strengths and weaknesses?
Following a review meeting with one of our business development specialists you will come away with a crystal clear pictures of how your business is performing and what actions you need to take to make further improvements.
It provides a perfect starting point for regular review for the actions to be monitored.
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Strategic Planning...
Every business decision you make, avoid or delay has strategic consequences. This can lead to lost opportunities and not achieving your full potential.
We specialise in helping you to use strategic planning to give you the best chance of success by practical actions like:
- A partnership approach to writing and compiling an effective business plan
- Timely financial feedback to measure progress
- Ways to include and bring on your key people, helping you achieve success
- Identifying the resources you need
- Better understanding of your target customers and your competitors
At the end, you will have a clear, tailored strategic plan and an agreed timetable so you can implement your plan and the strategic support you require to achieve it.
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BoardAid - how to have meaningful meetings…
We’ll gladly come to any of your key business meetings as a resource to help you make the very best use of your time.
You can use us in a variety of ways - from silent observer to adjudicator, technical adviser to independent sounding board, chairman to minute taker, or even as the facilitator for brainstorming sessions.
BoardAid is suitable for any size of business, form the sole proprietor to larger companies and partnerships.
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Your Business Roadmap…
Today is the first day of the rest of your life
This programme will work from a starting point and look at where you want to arrive, looking at the different routes you can take, where there are choices, and where there are not. It helps the understanding that where there are roadblocks ahead how to adapt the business to achieve the goals.
Amongst other things, we will look at:
- How to set and achieve your personal and business goals
- How to identify and tackle the major challenges facing your business
- How to develop the key systems you need to make your business super-successful
- How to sell your products and services for what they are really worth
- How to win more customers - and earn more money from them - than ever before
- How to turn all the great ideas generated into action and results
- And, above all, how you can build a more profitable business that is worth much more when you come to sell or retire, turns your business goals and dreams into reality and gives you the time and money you need to enjoy all the other (non-business) things that are important to you.
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Compliance Services
In addition to the Business Growth Services, we also offer:
- Financial accounts preparation for all types of business
- Management accounts to monitor your business performance on a regular basis
- Analysing results and profit improvement
- Business planning and cash flows
- Company secretarial
- Taxation
- Book-keeping & payroll (through associates)
Accounts Preparation
We prepare all types of accounts. Our first step is to work with you to gain a full understanding of your business, allowing us to tailor our services to your needs.
We will prepare your accounts promptly ensuring that you receive your accounts whilst they are still relevant. We will then take the time to explain the accounts to you so that they become a useful business tool in managing your business.
If you are a limited company then you are required to prepare accounts that must be filed with Companies House in a statutory format. We can help you by preparing your statutory accounts and filing them with Companies House for you. As part of the company’s team we cannot be fully independent and therefore we decided not to be regulated to carry out statutory audits.
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Management Accounts
According to a report from the Institute of Chartered Accountants “every aircraft in the world today would be grounded if air traffic control relied on the same type of system as companies use today to report their information. Current reporting formats provide too little too late.”
Having up to date and accurate management accounts is important in monitoring a businesses performance and taking action. We can either carry out this function for you or help you set-up internal systems to generate the information.
We will also take this service one step further by interpreting these figures for you and making suggestions to help you improve your profits or to help your business grow.
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Analysing Results and Profit Improvement
We will carry out a financial performance review of your business. This will be in the form of a detailed report which includes:
- Graphs and charts illustrating how your business has performed this year
- Ratio analysis to highlight areas of strength and weakness
- Detailed commentary advising you which areas of the business can be improved
At the end we will provide you with an action plan to carry out to affect the findings in the report.
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Business Planning
Every business needs a forward plan and strategy. We are well placed to help you develop these plans and have considerable experience and expertise to draw on.
The financial aspects are usually the backbone to any business plan and you need to ensure that this aspect has been adequately dealt with in your plan.
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Company Secretarial
We can help by carrying out the company secretarial duties for you. Our services include:
- Company formations
- Preparation and filing of statutory returns
- Preparation of all documentation (such as minutes and resolutions)
- Maintenance of statutory books (share register, minute book, etc)
- General advice on company law
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Taxation - It's not how much money you make, it's how you much you keep that's important...
Personal tax planning
With the tax regime becoming more complex and more emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements.
We can provide you with year round tax advice on:
- Income tax
- Capital Gains tax
- Inheritance tax
- Trusts and estates
Every pound of income tax you save means more income at your disposal, every well planned disposal of assets means minimal loss of capital gains, and every inheritance tax saving means more benefit for your beneficiaries.
Income or Corporation tax will represent a substantial cost to any profitable business, not only in terms of the tax itself but also in compliance with reporting obligations, investigations with tax authorities and penalties for non-compliance.
We can help you minimise your tax payments and relieve you of any administrative burden of complying with tax legislation. We will deal with all business tax matters, including preparing income and /or corporation tax computations and preparing and submitting your personal, partnership tax return or corporation tax self-assessment return. We will keep you fully informed of your liabilities and send reminders for tax payment dates.
VAT
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
- assistance with VAT registration
- advice on VAT planning and administration
- use of the most appropriate scheme
- VAT control and reconciliation
- help with completing VAT returns
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Bookkeeping & Payroll
We do not as such offer a book-keeping or payroll service in-house but can still arrange for this to be carried out at a reasonable cost by a reputable book-keeper, employed directly by you.
We can prepare VAT returns in-house from the records.
We can arrange the preparation of payrolls for businesses with 2 to 200 staff.
The service is comprehensive and confidential and includes:
- Computer generated payslips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
- Completion of statutory forms (including year-end returns)
- Summaries and analysis of staff costs
- Administration of incentive schemes, bonuses and ex-gratia termination payments.
Even if you only have a few employees, you will make savings by asking us to administer your payroll.
