Entrepreneurs with Growing Businesses
As an entrepreneur, no one else will have the same aspirations, worries and concerns as you will have for your business. As experienced business accountants, Ritchie Phillips take time to understand you and your business and the challenges you face. That means we understand the whole picture and provide industry specific support. Whilst we can always tell you what your accounts mean, our focus is also on the future and what options are available to you.
Business Accounting
Entrepreneurs and corporate activity is, of course, not simply about money. Business is about people; employing and motivating other people; finding people to buy from you and finding people to buy from. Business is about marketing, selling, delivering products and services. And business is about successes and disappointments. Underlying all this are the financial consequences of your decisions and the measurement of those successes and disappointments.
To help you meet these challenges, Ritchie Phillips are able to assist with your business accounting by:
- Preparing business plans, forecasts and budgets
- Raising capital from investors and alternative finance providers
- Tax planning for both the business and you the entrepreneur
- Employee benefits and tax planning for your senior management team
- Business valuations for fiscal purposes
- Accounts and tax compliance
The advice we could provide you with ranges throughout the whole time you own your business venture from formation or acquisition through to sale or succession. For example, at formation the selection of the most suitable financial and legal structure is key to the tax efficient extraction of profits. It is also key to obtaining Business Asset Disposal Relief (formerly known as Entrepreneurs’ Relief) for Capital Gains Tax to maximise the after tax return if you sell your business.
By being a business ourselves, we understand the challenges faced by entrepreneurs or business owners. If you’d like to discuss your business accounting, please get in touch today.
