Accounts preparation

We can provide a total solution for accounts preparation, depending on your business needs.

Our services in this area include:

·         Bookkeeping;

·         Preparation of annual accounts for limited companies, sole-traders, partnerships, charities and pension funds;

·         Preparation of management accounts and a review of KPIs and business performance and position;

·         Reviews of accounting systems and records; and

·         Installation and training on accounting software.

Business advice and forecasts

Financial forecasts are an essential part of business planning.  They help you to understand the following:

• Breakeven sales figures;
• Cost-saving ideas;
• Tax-planning ideas.

They also help to make the bank and investors more enthusiastic about providing capital to the business and are an excellent way of reviewing past performance.

At Kingham Accountancy we can prepare your forecasts and will review them monthly, quarterly or annually to make sure your business objectives are being met.

Audit and assurance

Our audit and assurance services are provided by our sister firm, Team Audit LLP [link].  We believe that an audit can be more than just a basic compliance issue and that it can be a profit centre.  Our clients enjoy the fresh perspective an audit brings, and the credence it adds to the financial statements.

Our assurance services extend far beyond the normal statutory audit, however, and include:

·         Professional Reports (Solicitors, Conveyancers, Travel Agents, Chartered Surveyors etc.);

·         Value-for-money audits;

·         Forensic accounting exercises;

·         Independent examinations;

·         Due diligence reports (buy side and sell side)

·         Reviews of internal controls.

Tax

Our tax department aims to achieve one simple ideal: to ensure that all possible tax reliefs and benefits are taken advantage of by our clients for the entire life of their businesses. We can provide cost effective solutions for all situations, including: acquisitions, restructurings, inheritance tax, and trusts.   We pride ourselves on providing a painless modicum for tax planning.

Our tax services include:

·         Corporate tax - We think that it is essential to ensure that your corporation tax is kept to the absolute minimum while still ensuring regulatory compliance. This helps your business to maintain its competitive edge, and to ensure there are more profits available for distribution. We have a highly experienced team in corporation tax who can help with your year-end tax planning, preparation and filing of tax returns and planning efficient uses of losses and reliefs.

·         Personal tax - With the constantly changing legislation, it is essential that you are on top of your personal tax situation, to ensure that you don't pay more than you need to. At the Kingham Group, we provide more than just an 'execution-only' personal tax facility; we actively work with you to plan you affairs in such a way as to minimise your liability. This includes all aspects of income tax, National Insurance, and the capital taxes.

·         VAT - VAT is a very complex tax, with lots of industry-specific issues and legislation. We have an experienced team who can simply prepare and submit your VAT returns, or who can provide advice and support to you if you prepare your own. We can also provide technical support and negotiating skills in the event of an inspection by HMRC.

Payroll

Whether you operate your own in-house payroll department, or you need to outsource it, we can help you. We have a dedicated payroll team, who can keep up with the constantly changing legislation, and who can provide you with all the support you need, from calculating and producing payslips, to arranging payments by BACs. We can also provide an excellent remuneration planning service, which can assist you in ensuring your employees pay not only the minimum amount of tax but also that they are highly motivated.

Transactional services

Over the course of your business’s life, opportunities such as mergers, acquisitions, management buy-outs and buy-ins may present themselves, as well as the requirement to restructure or refinance.  Eventually, you will need to prepare an exit plan, such as a disposal, which may be your life’s biggest single transaction.

Our firm has many years’ experience in helping our clients perform these transactions, whether simply by providing execution-only services or taking a lead-advisory role.

Our services include:

·         Acquisitions – We can help you to understand your target by performing valuations and due-diligence exercises, along with advising on an appropriate structure for the transaction for tax and commercial purposes.

·         Management buy-outs/ins - Often the best team to take over a business when it comes to a sale is its existing management - they know exactly what makes the business tick and they have a strong grasp of its true value. This can take the form of an outright sale or simply providing an equity incentive to management. We can help in every aspect of this transaction, from negotiation to tax planning.

·         Raising equity or debt finance - Due to the recent changes in the economic environment, businesses are facing increasingly unpredictable reactions to their attempts to raise finance. We will provide a complete, integrated service to identify the right source of finance for your business and will prepare forecasts and negotiate with financiers in order to minimise the cost of capital to your business.

·         Advising on structure - Even if you are not planning to sell your business in the near future, that does not mean you should not be prepared. We ensure that our clients are fully prepared for business changes in terms of their taxation positions and corporate structure so that the transition is as smooth as possible.

·         Disposals – Business disposals bring with them many complex issues, and we can help to take the stress out of what is often the most significant transaction in a business-owner’s life. We will provide you with practical, commercial advice which we have acquired over the years to help you maximise the value of your business while minimising the tax liability on the sale.

Sage Support

We have a team of highly experienced Sage specialist who can provide you with advice on all aspects of Sage software, including installation, on-site training and troubleshooting.

International trade

We have a dedicated international trade team who can provide advice on rules and regulations, and solutions to common problems to ensure that your transactions with foreign companies run as smoothly as possible.

We have strong links with China and Hong Kong and can provide translation and negotiation services, whether you have been trading with them for many years, or you are just looking to start doing so.