At TD&A, after we prepare your accounts, we take the time to explain them to you so that you understand what is going on financially within your business, helping you to plan for the future with minimum exposure to risk. We will also use the accounts to help you measure where you are in meeting your goals and what actions you need to take.
Not only do we help you with your accounts and how to financially understand your business, we also help you to tax plan and thus mitigate your exposure to too much tax and if you have employees, we can also make sure that your payroll needs are well taken care off so that you can wholly concentrate your efforts and prime time on business growth.
Here are some things you might be interested in
Good record keeping is an essential requirement for monitoring the financial health of your business. TD&A can suggest the most practical way for you to keep your business’ financial records in order. It is often not necessary to invest in expensive computer software to keep your records.
You can speak to TD&A accountant at any time regarding financial or business planning. If you are particularly starting off in business, we can provide guidance on the best structure for your business (sole trader, partnership, limited liability partnership, limited company) as well as any legal and tax issues you need to consider.
If your business grows quickly or unexpectedly we can advise you on how to manage the additional financial requirements so you have adequate stock and working capital to manage the increased demand. We will also advise you on when and how to outsource functions you previously managed internally such as payroll and bookkeeping, HR, IT and so on.
The way you finance your business has an important effect on profitability. TD&A can advise you on such things as whether new capital equipment should be leased or purchased, whether cash for your business should be raised by issuing more share capital, taking out a loan or increasing your overdraft, and how to invest any spare cash, either temporarily or more long term.