Maintaining your regular accounts for statutory
purposes. For day-to-day record keeping, we would
recommend a staff member within your own business.
This gives you greater control and flexibility.
We can provide support in case of illness, holidays,
absences etc. We can assist in the selection,
recruitment and training of the relevant personnel
as well as carry out regular personnel reviews
to ensure the skills and practices of your staff
are up to date and relevant to your business.
This service is available for sole traders as
well as partnerships and limited companies.
Business tax
All UK incorporated businesses must submit an
annual corporation tax return to the Inland Revenue.
Even if we have not prepared your accounts, we
can prepare corporation tax, capital gains tax
computations for submission with your accounts.
We can also make claims for loss relief carried
back or carried forward.
Value added tax
VAT is one of the most simple taxes to operate
but yet one of the most complex taxes to resolve.
The reason lies in the strict codification of
VAT as seen in most EU derived tax systems. VAT
applies to UK businesses as well as overseas businesses.
If you require advice on UK VAT matters whether
it is an investigation or just simply VAT planning
we can offer valuable advice in this area.
VAT in Europe is a growing area of concern for
most businesses as more and more business is conducted
abroad. If your business is in one country and
you do business in another, you must either register
for VAT in each country or use an agent to assist
you in reclaiming VAT. We have extensive experience
of claiming UK VAT incurred by EU businesses and
can assist in reclaiming VAT from Austria, Germany
and France for UK based businesses.
Personal tax
From simple PAYE, main sourced income to complex
personal tax returns; we have the knowledge and
systems to guide you through the minefield of
personal taxation. If you have worked abroad or
are considering working abroad, careful planning
is required. We are experienced in dealing with
overseas employment situations and can advice
on the taxable status of individuals in most EU
countries.
Financial
Planning your finances is never easy, whether
you are wealthy or simply comfortable. Financial
planning for businesses is key to survival and
growth.
We do not offer financial advice and nothing here
should be construed or interpreted as financial
advice.
Banking
Knowing how to manage your finances is one thing
but the day-to-day cash requirements for businesses
and business individuals must not be left to itself.
From selection of a bank or deposit taker to the
management of debtor/creditor settlements, we
can provide an up to the minute service and advice
ensuring that your decisions contribute positively
to your business finances.
Management
Help is often to late and often received in the
wrong circumstances. The right help at the right
time is how our clients experience our management
consultancy services. Understanding your business
is key to offering advice. From start-ups to business
acquisition, we can offer advice on the range
of factors you have to cover to ensure a successful
outcome. We offer advice in the fields of: Finance,
fund raising, debt rescheduling, equity and loan
finance. Marketing, new markets, market analysis,
competitor analysis personnel, selection, headhunting,
recruitment appraisals.
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UK
Payroll is usually the least of a business’s'
problems but the consequences of getting it wrong
can be quite serious. Firstly there are employee
costs that are not apparent during planning stages.
There are also the compliance matters and related
costs that could arise from not meeting the multitude
of deadlines.
If you employ anyone in the UK, you must deduct
tax and national insurance on behalf of the UK
government. Sounds easy enough, but hang on, did
you know you could be fined for getting it wrong?
Did you know you are expected to administer the
governments students loan scheme for instance,
or that you can become a debt collector for third
parties without your consent?
Payroll can be a nightmare but with proper planning
and resources, there is no reason why it should.
We can advice on the implementation and operation
of all payroll systems. For Sage systems, we offer
our services through the
Sage Accountants Club.
Remember this is one of the least productive areas of any
business and anything saved goes directly to your profits.
EU
If you have an international payroll requirement, our
payroll support service covers the UK, Ireland, Switzerland,
Spain and the Netherlands. We also advice on the various
options available as well as costs when considering
secondment of staff to other countries.
You would have to deal with some EU payroll if you send your
UK employee to work abroad or you set up a business abroad.
If you thought UK payroll is onerous then you wont like any
of the EU systems. Apart from being more expensive, they
need to be carefully dealt with and your employment
contracts need to reflect the true relationship. If your EU
posting is for a short term, then you should consider using
one of our Partner
Companies for this service.
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Our audits are conducted under the UK Companies Acts
legislation as well as under auditing standards issued by the
regulatory auditing bodies in the UK.
Statutory
Statutory audits are required for any company with a
turnover exceeding £1 million.
Non-statutory
Even if you do not require a statutory audit you may require
one either because of your profession e.g. Solicitors,
financial advisers or by shareholder request.
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If you are looking to buy a business, SWCMS can assist in
making sure you make the right decision. From identifying
the target, both industry and business to the final
handover, our expertise and experience will be invaluable.
<Top>
Once you have identified what it is you want to do, you need
to present it convincingly to others. It may be a new
business or it may simply be a new venture within an
existing business. Your plan becomes your bible but we
assist you in ensuring it doesn’t become an albatross around
your neck. It needs to cope with change just as the business
will change.
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Ensuring that all your business tax affairs are in order is
not only wise but can save considerable time and costs
afterwards. Our compliance service includes thorough
examinations of business transactions and agreements,
ensuring that your most valuable competitive edge negotiated
agreements do not fall foul of the legislation. This is on
top of the assurance that the transaction itself is a tax
efficient one and will deliver the benefits expected.
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Hindsight is the best strategy for many but do not make it
yours. Planning, as with compliance, ensures you are ready
for the events that affect business on a day to day as well
as on a strategic basis. It could mean the difference
between you and your competitors.
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Look before you leap. Due diligence is crucial in any
acquisition situation. As a buyer, it is your
responsibility to ensure that the business is what it seems
and that the vendor's written or oral statements are
verified and can be relied on. <Top>
Our international support network spans the entire EU. We
have an associate office in Zurich, Switzerland as well as
close working relationships with more than one firm in
Spain, France, the Netherlands, Austria and Germany.
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Litigation support
If you are suing or you are being sued, the facts are never
more important. What may seem as given by the layman or even
a learned judge may not quite be so. This is where you need
expert witnesses as well as support at the highest level.
<Top>
Pensions insurance investments
Our financial services offerings are done via regulated
firms authorised to conduct investment business under the UK
financial Services Acts. <Top>
Personal tax compliance
Tax compliance in the UK is mostly about submitting returns
and making due payments on time. If your affairs are even a
little more complicated than that then a whole host of
deadlines, options and elections come into play depending on
the matter under consideration. <Top>
Financial defence
We are able to call up on our years of experience in the
audit and management of companies to undertake defence
counselling and advice for all financial matters.
These include personal matrimonial matters, investigation
of individual worth and wealth. <Top>
Fraud investigations
Fraud is never to be taken lightly and whether it is
internal or external can have serious consequences not just
for the company but also for the directors responsible for
it’s management. It is simply not sufficient to plead
ignorance as a director. Active efforts must be made to
prevent and detect fraud and in some countries, this is a
director’s legal responsibility. If you suspect fraud, you
must report it or institute procedures for its discovery or
prevention.
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Tax investigations take on different hue’s depending on the
business and country you operate in. Some revenue
departments may target specific businesses, some may target
specific high profile individuals, simply to send a message
out there that they are aware of what’s going on.
If you find yourself at the receiving end of one of these,
the mere stress and worry avoided is usually worth more than
the tax saved by having the investigation professionally
handled.
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As with fraud, detection is the name of the game. In tandem
with our fraud investigation and prevention service, our
forensic expertise can ensure that valuable evidence is
available to either support your case or to prove your case
against a third party. <Top>
Financial information is never easy to come by. With our
expertise, we are able to offer a unique financial
information collection and interpretation service.
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As members of the Institute of Directors, we constantly
assist companies, through the institute’s overseas
affiliated bodies, to establish business and commercial
presence in the UK. In this regard we provide assistance
with:
Banking, setting up local and international currency
accounts for trade.
Accountancy, record keeping for statutory and tax purposes.
Tax advice, on trading structure and transactions,
Company formation, where
statutory recognition is desirable.
References where the trader or business is relatively
unknown in the UK.
Finding suitable offices and other business premises quickly
and cost effectively, whether for one day or a whole year.
We offer seminars for clients either at their own offices or
at one of our regular seminar sessions at the IOD in London,
Birmingham, Bristol or Manchester.
All new clients receive a free copy of Sage Instant accounts,
which can be upgraded to a higher specification product if
required.
We can assist with the setting up of electronic bank
reconciliation and auto import from all banking software.
Sage transaction mail (t-mail) enhances your electronic b2b
relationships and advice and assistance is also available
for setting this up. The benefits of t-mail are easily
identified and quantified in the huge time and cost savings
you will gain from the implementation.
We also assist in the setting up of systems integrating with
Sage Forecasting, linking with your Sage Line 50 and with
its own built in payroll and PAYE liability estimator.
If you require an integrated CR solution, you can also add
ACT into your financial systems. ACT is the number one
selling contact management software in the world and can
greatly enhance your operating effectiveness.
Finally, if funds are a problem, you need look no further
than the bespoke finance schemes we arrange either with Sage
Finance or another reputable third party finance house.
Remember that finance facilities are available for both
software and implementation costs.
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Professional fee protection insurance
Raising-finance
Recruitment
Regulatory reporting
Selling your business
Management buy-ins and buyouts
Strategic planning
Tax planning
Trusts, inheritance plan and estate administration
Valuation and negotiation of assets and stock
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SWCMS
The Manor
Haseley Business Centre
Warwick
CV35 7LS
United Kingdom
