Business Advice-Start Ups


Specialised Business Advice for Start-Ups

New businesses are faced with a bewildering range of issues to consider, if you bring forward your business ideas to us we can help you to evaluate them constructively and give you the support and guidance which could be critical in making your business a success and achieving your goals.

We can assist you on any of the following and many other areas;

For further information please select the service above or contact us for a FREE INITIAL CONSULTATION for as long as it takes with no obligation.

Year End Accounts Preparation

Preparing the accounts



Every business will need to prepare accounts in some format. Depending on how the business operates and its requirements these will required on at least an annual basis, but you may choose to prepare accounts more frequently to  help you to manage your business.

Whatever your requirements we are able to provide assistance with the preparation of your accounts, whether from manual or computerised systems for presentation either to you, your Bankers, the Inland Revenue or Companies House.

Should you require further information or would like to speak to one of our advisors then please contact us.

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Audit and Compliance Service

Many businesses are required to have their accounts audited whether due to the size of the business or other regulatory purposes; others opt to have an audit for their own purposes to add creditability to their accounts.

The general perception of audits in the past is that they have been regarded as a ‘necessary evil’ by businesses. However, they can often result in identifying problem areas and a recommendation can be made to help improve your performance in this area.

Many organisations are now regulated by specific legislation and rules and we are can undertake audits for a variety of specialist sectors, such as financial services businesses and pensions funds.

We strongly believe in adding value to your business and this is something that an audit can help to achieve; as well as providing added assurance to third parties such as banks. Whichever it is that you require we can provide a thorough and professional service.

Should you require further information or would like to speak to one of our advisors then please contact us.

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Management Accounts Preparation

The production of management accounts can be an effective business tool if used to their potential. The use of regular information is vital to the continued success and growth of a business.

We will work closely with you to develop a thorough understanding of your business so that we can make constructive suggestions to help improve and monitor the development of key areas and as a whole.

We aim to not just provide you with a set of figures but to turn those figures into a tool to help drive the business forward. We can prepare management accounts on either a monthly or quarterly basis depending on your requirements.

You can be assured that you will then have reliable information and advice on which to base your future business decisions.

Should you require further information or would like to speak to one of our advisors then please contact us.

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Bookkeeping Support

Book keeping support

We can help you with all your bookkeeping requirements, whether visiting your office and staff or providing a total outsourced service.

The first step is for us to gain a more in-depth view of how your business operates so that we may tailor our approach to best suit your requirements and provide the service you need.

This could be preparing your accounting records for you or  reviewing the records prepared by you or your staff. If the latter is required then we can help develop your staff to ensure that your business becomes more self-sufficient in
the future.

Our staff are trained in a variety of accounting software packages and are on hand to provide any additional support.

Should you require further information or would like to speak to one of our advisors then please contact us.

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Business Plans, Cashflow Projections, Budgets and Trading Forecasts

Business plans can be a key tool in managing your business or for assisting with raising finance.

We can provide you with guidance as to the contents of a business plan and can prepare the financial forecasts for inclusion within the plan. We would always recommend that you write the content of the plan in order to convey the passion of your business; however we can review the plan and recommend appropriate changes based upon our experiences.

Should you require further information or would like to speak to one of our  advisors then please contact us.

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Finance Raising

We can provide advice as to the variety of sources of finance available to businesses and provide guidance as to the suitability to of the various alternatives.

Should you require further information or would like to speak to one of our advisors then please contact us.

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Payroll Services

With an ever increasing burden of red tape and complex legislation being imposed on employers, it can seem a daunting task to take on employees. We provide a full payroll bureau service, which includes providing calculating the tax due, providing detailed payslips, dealing with tax credits, attachment of earnings and all payroll related issues for employers with any number of employees.

This allows you as an employer to concentrate on your business and be safe in the knowledge that your payroll requirements are being taken care of.

Should you require further information or would like to speak to one of our advisors then please contact us.

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Vat Assistance

Checking the VAT


This is a fast moving area with ever changing regulations, which can be hard for owner managed businesses to keep up with. The demands that are now placed upon VAT registered businesses are on the increase and compliance can become a heavy administrative burden on your business.

We can help to ensure that you are aware of these regulations and remain informed of recent developments to ease the preparation of your VAT return. To help you manage this area we can provide many efficient and cost effective services to ensure that you remain up-to-date with the authorities, such as;

  • Advice as to whether or not you are required to be registered for VAT purposes
  • Assisting with the registration of your business
  • Finding and advising you on the most effective and appropriate scheme to operate
  • Assisting with monthly or quarterly VAT return preparation
  • Advice on VAT planning and administration
  • Dealing with any disputes or queries arising with the HM Revenue & Customs

Should you require further information or would like to speak to one of our advisors then please contact us.

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Benefits in Kind (P11D’s)

We provide assistance with the reporting of all benefits in kind, such as company cars, medical insurance etc on forms P11D or PAYE settlement agreements each tax year.

We can also provide advice in relation to the provision of benefits to your employees, such as the implications of company cars versus personal cars for business purposes or medical insurance.

Essex Abel can assist you in setting up a system for reimbursing expenses to employees and agree the system with the Inland Revenue in order to avoid the reporting of these expenses each year therefore, reducing the administrative burden on your business.

Should you require further information or would like to speak to one of our advisors then please contact us.

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Strategic Business Planning

Venturing into business can be the means in getting to your ultimate destination. You may have a clear set of objectives and goals to help you with the journey ahead.

There are many means in getting to the same destination and depending on your decision you may want to go it alone or work with a business partner to share the experience and help you realise your goals.

In order to move forward in business from the beginning you must ensure that you have thought around all of the issues and taken them into consideration. With our expert guidance we can help you with constructive and objective comments that will question how your business operates and think outside the box, whilst keeping you focused on your main goals.

When we are both clear in the direction that you have decided to take; we will be on hand to support you every step of the way and help you to see how the strategy chosen will affect some key areas of your business;

  • Finance
  • How will the venture be funded? Where will the sources come from and be maintained?
  • Innovative
  • What technology will you require in order to stay ahead of the competition?
  • Staffing Human Resources
  • What type of employee will enhance the value of business and help you achieve your goals?
  • Marketing
  • How will your business be communicated to your customers and how will
    you be able to obtain new business streams and customers?
  • Operations

     

  • How do you intend to keep your business progressing as efficiently as possible? Do you have the appropriate systems in place to monitor and respond to changes in your business environment?

    Should you require further information or would like to speak to one of our advisors then please contact us.

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    Company Formations/Company Secretarial Activities

    Reception at Essex Abel


    When you are hard at work in running your business the last thing that you want to be doing is using valuable time and resources ensuring that you are up-to-date with your compliance issues and conforming to the Companies Act.

    With company legislation changing at the pace it does, you need to sure that you are fully aware of how the changes will affect you and your business.

    We can provide peace of mind in this area by ensuring that all your company secretarial duties are taken care of, such as:

    • Company formation
    • Preparation and filing of annual returns and other statutory returns
    • Preparation of documentation relating to minutes and any resolutions
    • Managing and maintaining your statutory records

    Should you require further information or would like to speak to one of our advisors then please contact us.

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    Business Acquisition Planning

    In order to progress your business forward or to increase your market share you may want to consider merging or acquiring another business entity.

    This process can be complex and time consuming depending on the conditions of each business. Therefore careful and structured planning is required to enable the negotiations to flow as smoothly as possible and achieve the desired result.

    This requires the support and assistance of trained and skilled professionals such as ourselves to help assist in the following;

    • Identify potential targets for acquisition
    • Review candidates for suitability
    • Preparation of a negotiation strategy
    • Source of any relevant finance to fund the merger/acquisition
    • If necessary develop an integration plan for the businesses
    • Optimising the tax and financial position of your new enterprise

    Should you require further information or would like to speak to one of our advisors then please contact us.

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