Assurance and advice are at the heart of what we do. Services such as audit, financial reporting and risk management advice give your business the stability you need to manage effectively and achieve your goals.
At HSY even our most basic services such as bookkeeping, accounting, and auditing are designed to add significant value to your business and personal wealth.
Spend a few moments to review our service offerings and see how much you can benefit from them.
Feel free to Contact Us to discuss customizing any of these services to meet your particular needs.
The last thing you want in your business is to have valuable time and resources tied up with routine bookkeeping and accounting.
That’s something we can do for you, either at your office or at ours.
We begin by discussing your specific requirements with you and then we set up appropriate accounting procedures and controls and ensure your accounts are kept fully up-to-date and in compliance with statutory regulations.
But we don’t stop there. We can also provide you with regular management accounts to keep you informed on essential areas such as:
- Cashflow
- Profitability
- Performance ratios
- Customer activity
- Credit control
- Budget comparisons
In addition we can also relieve your staff of the burden of preparing:
- Payroll administration
- VAT returns
- Bank reconciliations
- Annual accounts
Everyone knows that a successful business must plan ahead, but all too often the pressures of keeping the business going on a daily basis mean that strategic planning is not given the attention it needs. The result is often rushed judgements, over or under-capacity, or missed opportunities.
Every business owner needs a planning adviser who has the time and space to take the long view and advise on appropriate courses of action before it is too late. With years of experience advising the local business community we have a wealth of experience and expertise for you to draw on. Contact Us today for a planning review.
Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through, not because they are experts in the legal, financial, and fiscal aspects of running a business.
Indeed, these matters can often seem daunting, and even off-putting, to the budding entrepreneur. The good news is that you do not need to be an expert in these fields to succeed in business. All you need is the support of a team of trained experts.
That’s where we fit in. Bring us your business ideas and we’ll help you to evaluate them in a constructive and realistic manner. We can also help you:
- Decide on the most suitable structure for your business – sole trader, partnership, or limited company.
- Prepare a business plan, cashflow projections, budgets, and trading forecasts.
- Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals.
- Establish a good working relationship with your bank.
- Complete any registration procedures with Companies House andHM Revenue & Customs.
- Deal with company secretarial issues.
- Set up a recording system for your internal use and for complying with statutory requirements.
Start your new venture on a sure footing – Contact Us for an initial consultation today.
The last thing you need as a busy business owner is to use up valuable time and resources making sure you are complying with the Companies Act.
Moreover, with company legislation changing at the rate it does, you need to be sure you are fully aware of how the changes affect you and your fellow directors.
We can give you complete peace of mind in this area by carrying out your company secretarial duties for you. Our services include:
- Company formations.
- Preparation and filing of statutory returns.
- Preparation of all documentation related to minutes and resolutions.
- Maintenance of statutory books.
- General advice on company law.
Finance is the lifeblood of any business. At every stage in its growth a business needs to maintain a balance between a positive cash flow and adequate working capital on the one hand and a reasonable return on investment on the other.
Directors’ drawings, shareholder dividends, and debt repayments need to be carefully orchestrated to ensure that the smooth running and continued growth of the business are not jeopardised.
Moreover, while proper provision needs to be made for possible external changes such as economic downturns or fluctuations in exchange rates or interest rates, and internal changes such as temporary or permanent loss of key employees, it is equally important that any finance raised by the business is are made to work for the business.
All these matters require a keen, professional eye to develop and constantly adjust an appropriate and flexible finance structure for your company.
Then there are the special finance requirements for business expansion, mergers and acquisitions, MBOs, and MBIs. Preparing business plans and finance applications and identifying and approaching appropriate lending sources require expertise and professional insight if the best possible results are to be achieved.
Finally there are the financial implications of ensuring a suitable exit route for the current business owners.
These are all matters on which our corporate finance experts are qualified to advise and guide your business.
Contact Us today to discuss how we can help you with your corporate finance requirements.
Our approach to corporate recovery is summed up in the phrase, ‘Prevention is better than cure.’
The key to preventing business failure is to have the right controls in place to help identify areas of poor performance or early signs of distress in a business and to take appropriate remedial action if and when such signs appear.
Even where a business is in a relatively advanced state of distress, we still regard insolvency as a last resort and prefer to explore all possibilities of restructuring the business and setting it on a path to full recovery. Often this will involve refocusing on core business activities, introducing stringent cost controls, and setting clear profitability goals.
This approach, we believe, is in the best interests of all the stakeholders – shareholders, directors, managers, employees, customers, and suppliers.
If all else fails and the business has to go into administration, receivership, or insolvency, we can advise and assist with this process and guide you through the financial, legal and regulatory implications of such a course of action.
Contact Us today to discuss how we can help keep your business in good shape.
Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.
We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:
- Determining the most tax effective structure for your business.
- Taking full advantage of tax opportunities and reliefs.
- Achieving the optimum capital or revenue tax treatment.
- Reducing tax on disposals and maximising relief on acquisitions.
- Making the most of tax opportunities specific to your industry.
- Meeting the rigorous demands of compliance including corporation tax self assessment.
- Acting on your behalf in discussions with the tax authorities.
Efficient corporate tax planning can result in potentially significant improvements in your bottom line.
For today’s employers, the area of human resources is a two-edged sword.
On the one hand, recruiting, retaining, and motivating good employees is vital to the performance and profitability of any business.
On the other, the sheer quantity of administrative work involved in effective human resources management, the complex tax and regulatory environment, and the increasing need for specialization in key areas mean that valuable resources of time, energy, and money are often diverted from core business functions to deal with these administrative chores.
We offer a range of services to help you manage your human resources more effectively by assisting with:
- Developing effective remuneration programmes.
- Introducing tax-efficient incentive and benefit schemes for key employees.
- Conducting performance evaluations.
- Targeting recruitment and training programmes.
- Establishing employee policies, procedures, handbooks, etc.
- Maintaining appropriate records.
- Staying abreast of changes in the PAYE, and NIC regimes.
- Understanding and applying employment law.
No man is an island; and these days few businesses are. Rapid globalisation, the growing importance of the EU, and the burgeoning growth of the Internet as a business medium are all conspiring to add an international dimension to UK businesses.
Trading with overseas companies, selling to overseas markets, and setting up overseas operations all require expert knowledge. We can help you:
- Set up accounting procedures for dealing with the euro or other currencies.
- Determine the best business structure for tax purposes.
- Reduce your overseas tax burden.
- Develop strategies for financing overseas subsidiaries.
- Repatriate profits at minimum tax cost.
Sometimes the best way to improve your competitive position in the marketplace is through a merger or acquisition. Not only is this a complex and time consuming process, if it is not well researched and skilfully negotiated it could make matters worse, not better.
This is definitely a situation where you need the support and assistance of trained professionals. We can help you:
- Identify potential targets for M & A.
- Screen targets for suitability.
- Prepare a negotiating strategy.
- Raise the necessary capital.
- Develop an integration plan.
- Optimise the tax and financial position of the combined enterprise.
At other times you may decide to improve your profitability through a disposal. Again, we can help with valuing the assets, finding suitable purchasers, and negotiating the sale.
Don’t take risks with your business – let the professionals help you.
Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. And the task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance.
We have dedicated staff who can relieve you of this burden by providing a comprehensive and confidential payroll service, including:
- Customised payslips.
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc.
- Completion of statutory forms, including year end returns, to issue to your employees and submit to HM Revenue & Customs.
- Summaries and analyses of staff costs.
- Administration of incentive schemes, bonuses, and ex-gratia and termination payments.
- Administration of pension schemes.
Even if you have only a few employees, you will make savings by engaging us to administer your payroll.
Value added tax is one of the most complex and onerous tax regimes imposed on business – so complex that many businesses inadvertently overpay or underpay VAT.
The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to!
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.
- Planning to minimise future problems with Customs and Excise.
- Negotiating with Customs and Excise in disputes and representing you at VAT tribunals.
Contact Us today for a VAT health check.