GW&Co Chartered Accountants & Business Advisers – Do more with your money

 

If you’re small business owner, the chances are you’re feeling frustrated by accountancy. You want to make the most of your earnings but changing legislation, payroll, book-keeping and tax implications may be a struggle to get your head around. And that’s headspace you would rather spend working on your business, not in it. But it shouldn’t have to feel confusing or difficult: there’s another way.


– 80% of new clients are recommended to us by other local businesses
– 95% of clients stay with us


ABOUT US

We’re a small firm of accountants in Falmouth that do things differently.

  • We explain everything in plain English.
  • We have an open-door policy, so if you have a question you just need to email/call or pop in.
  • VAT/payroll/accountancy – we can take care of any of it.

Here, we don’t just care about the numbers, we care about people too.

This means that you can:

  • Feel in control of your finances
  • Spend more time working on your business success
  • Understand changes in legislation
  • Enjoy peace of mind knowing you’ve got the support you need
  • Make the most of your earnings

How much time, energy and money is inefficient accounting costing you?


SERVICES

We offer a full range of accountancy services to cater for all company sizes. We use a variation of methods and work closely with our clients to become the extra arm of their business and support them in every way we can to make, what can be stressful, into something that is easier and simpler to manage and tackle.

We have dedicated staff to help you on all levels and offer a complete package of accountancy services to ease the burden of running your business.

AUDIT

Although we are not registered to undertake audit work we are in partnership with a firm who complete audits for our clients who need them.

BOOKKEEPING & ACCOUNTANCY

We are here to relieve you and your staff from the troubles and burdens of in-house bookkeeping and accounting, including your annual accounts.

We work very closely with our clients in order to gain a full understanding of your business and how you run it. We have the capacity and flexibility to then tailor our approach to your needs in order to deliver the most appropriate service we can for you.

One of the most important aspects of this service is the preparation of management accounts. We see these as vital and integral to the continuity and success of your business. Again, we discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.

PAYROLL

The task of payroll processing can often divert you from your core business activity. It is our job

to help and take the worry and time out of this process for you.

By allowing us to look after your payroll activity, we will free up more time for your staff to attend to other business areas, therefore creating more opportunities and raising efficiency in the business.

Our payroll services are thorough and, of course, compliant with HM Revenue & Customs statutory requirements. We can deal with every aspect of UK wages and salary requirements including:

  • Setting up a new payroll system
  • Day to day payroll processing
  • Dealing with PAYE and National Insurance deductions
  • Completing your end of year returns
  • Holiday pay
  • Statutory pay
  • Stakeholder pensions

SELF ASSESSMENT

Many taxpayers struggle to understand the complex tax returns and complete them correctly. In the first year of the Self Assessment regime alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later!

The constant flow of changes to tax legislation means not only that the retur

ns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.

We can save you a lot of time, worry, and money by handling your self-assessment tax return for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.

We can act as your agent, dealing directly with the HM Revenue and Customs on your behalf and, should you be selected for a self-assessment enquiry, act for you at any meetings.

VAT

Value-added tax is not an easy subject to talk about. Our aim is to make it as simple as possible for you to handle and understand. It is seen as one of the most complex tax areas to be imposed on businesses. The VAT “goalposts” are constantly being moved as well as the ever-changing stream of regulatory details. HMRC is constantly demanding more and more from businesses which add more stress on top of what you already have to manage. It is our expertise and expertly trained eyes that help you make sure you do not miss anything and do not fall foul of the regulations. We make sure you do not pay the chancellor any more than you need to.

Our efficient and cost-effective VAT service includes:

  • Assistance with VAT registration
  • Advice on VAT planning and administration
  • VAT control and reconciliation
  • Help with completing VAT returns
  • Processes put in place to avoid future issues with HMRC
  • Representing you at VAT tribunals.

BUSINESS STARTUP

The essentials of starting a new business are always based on a realistic business plan and adequate finance.

Most new business owners when starting-up will no doubt start with a foundation of a solid business proposition and plenty of entrepreneurial spirits. We help look after the legal and financial aspects of running a business or company formations.

With our combined years of experience, we can provide extensive direction and advice on starting up a business to ensure that the process runs as smoothly as possible and hassle-free for you.

Whatever the size of business you are considering starting up we can provide vital advice on:

  • The form the business should take, sole trader, partnership, LLP, limited company, PLC.
  • Company formation procedures.
  • Preparation of projections, cash flow and business plan.
  • Arranging finance.
  • Bookkeeping tuition and implementing management procedures and systems.
  • Tax planning.
  • We advise that you do not risk getting caught out by any unexpected problems and come and see us from the start. Coming to see us to present your business proposals means we can evaluate them in a constructive and realistic manner.

BUSINESS OPTIMISATION

We want to ensure that you get the most out of your business.

To us, that means that your business works for you, rather than the other way around! That it performs to its maximum, provides you with sufficient resources, and enables you to retire when you want to.

Whether we’re acting as your outsourced finance department, or helping you to change and revolutionise your business, we offer the following business optimisation services:

  • Strategic planning – conversion of your vision into key and achievable strategic objectives
  • Identifying your Key Performance Indicators (KPIs), and helping you install systems to measure and monitor the numbers that really matter to you
  • Business planning, budgeting and cash flow management
  • Preparation of management accounts
  • One-Page Plans – a summary of your KPIs to share with your management team
  • Financial performance reviews and sensitivity analysis
  • Customer service training
  • Boardview – helping you to run structured board meetings at appropriate intervals
  • Outsourced finance director roles
  • Client advisory boards

COMPANY SECRETARIAL

The company secretarial function for any business is often seen as an arduous task normally overseen by a family member or a senior employee, such as Company Secretary. This can be met with issues as the designated Company Secretary may not have a full understanding of the duties they are required to undertake.

We can provide you with a comprehensive service to ensure that your company complies with the myriad of obligations required under company law. We have experience working with a variety of companies helping them meet their company secretarial and corporate governance requirements. We offer a range of services from a fully outsourced company secretarial function to providing ad-hoc advice and assistance.

Our full company secretarial services include:

  • Company formations
  • Preparation and electronic filing of statutory returns
  • Preparation of all documentation related to minutes and resolutions
  • Maintenance and storage of statutory books

CORPORATE FINANCE

Any strategic growth or finding the funding for acquisitions is rarely possible by solely relying on your cash-flow. It doesn’t matter whether you have a start-up business or are well established, it is essential that you have the necessary finance to achieve your objectives.

We can help you with everything you need by helping you decide on the most appropriate sources of finance. We will look through all the best options suited and help you make those difficult decisions. As part of our corporate finance service, we help prepare the necessary business plans and forecasts. Because of our expertise, it means we are best positioned to present your proposals to your chosen financial source. This also means that we can arrange any disposal, M&A or MBO/MBI.

We have an extensive network that is here to help you and introduce you to the correct people to help you get where you want to be.

CORPORATE TAX & PLANNING

Corporation tax is a major part of your trading costs. It is the increased reporting obligations, thorough investigation policies imposed by the tax authorities and tough penalties for non-compliance that means that a lot of time and resource is taken up collecting revenue for the Government.

We can assist you and your business by completing and filing business tax returns as well as preparing and submitting end-of-year payroll Tax Returns. By using us for your corporate tax and planning, means we can act as intermediaries for any disputes with the tax authorities.

As part of this service, we can help you with determining the most tax effective structure for your business by taking full advantage of tax opportunities and reliefs. It is our job to make sure that you achieve the best capital or revenue tax treatment as well as reducing your tax on disposals and maximising relief on acquisitions. There are also many tax opportunities specific to certain industries and our in-house expertise to help you tackle these.

ESTATE PLANNING

Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.

The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now.

The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate will end up in the Government’s coffers!

It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight – anddetailed knowledge of the tax regime.

We provide a discreet estate planning service that includes:

  • help with drawing up and reviewing your will
  • making full use of exemptions and lower tax rates on lifetime transfers
  • optimising lifetime transfers between spouses
  • transferring agricultural or business property
  • transferring assets into a trust
  • arranging adequate life assurance to cover potential inheritance tax liabilities.
  • We strongly advise you to begin your estate planning right away by contacting us for a preliminary review.

FEE PROTECTION

No matter how large or small you are, HMRC can launch a tax investigation at any time. There doesn’t have to be a specific reason – everyone who submits a tax return is at risk. It’s impossible to tell when an investigation might happen and that’s why it’s so important to protect yourself today.

As your accountants, we care about your health and wellbeing. We know that many people never expect a HMRC tax investigation, and we also know the impacts can be long-running and serious.

Contact us today to find our more about our Fee Protection service and how the small annual premium could protect you and your business from unwelcome additional costs.

PERSONAL TAX PLANNING

With the tax regime becoming more complex, and more focus being put on taxpayers’ individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements.

We can provide you with year-round tax advice on:

  • income tax
  • capital gains tax
  • inheritance tax
  • trusts and estates
  • non-domiciliary tax issues
  • Every pound of income tax you save means more income at your disposal, every well-planned disposal of assets means minimal loss of capital gains, and every inheritance tax saving means more benefit for your beneficiaries.

Make sure you take full advantage of the tax-saving opportunities open to you – call us today for a personal tax planning review.

WEALTH MANAGEMENT

We do everything we can to protect the money you make.

This means advising you on the best ways to maximise and protect your wealth, and ensuring you receive practical, sensible advice to help you understand the complexities of the financial marketplace.

We want to help you plan for and achieve financial freedom in your retirement, and ensure that you make the right plans to take care of what happens financially after your death.

Our services include:

  • Business, key-man and shareholder protection
  • Lifetime cash flow and financial planning
  • Investment management
  • Wealth protection and life insurance
  • Corporate and personal pensions
  • Succession planning
  • Retirement planning
  • Estate planning and inheritance tax

 


CONTACT US

Waterside Court
Falmouth Road Penryn
Cornwall TR10 8AW

info@gw-accountants.co.uk

01326 378288

www.gw-accountants.co.uk


 

We will call you ASAP
ENTER YOUR DETAILS BELOW
Or you can call us on 0333 400 2014
Thank You. We will contact you as soon as possible.
PGlmcmFtZSB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzcmM9Imh0dHBzOi8vcGxheWVyLnZpbWVvLmNvbS92aWRlby83MTg3NDAzOTM/aD1hYmVhNWVlOWI2JmF1dG9wbGF5PTEiIGZyYW1lYm9yZGVyPSIwIiBhbGxvdz0iYXV0b3BsYXk7IGZ1bGxzY3JlZW47IHBpY3R1cmUtaW4tcGljdHVyZSJhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+
WHAT IS SPARE CAPACITY?
FREE Spare Capacity Calculators
* Calculate the Maximum Capacity of your business
* Calculate the amount of Spare Capacity you have each year
* View our tools available to capture Spare Capacity
* Calculators available for all business types
How much cash are you leaving on the table each year?
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3Lmdvb2dsZS5jb20vbWFwcy9kL2VtYmVkP21pZD16WlE3ZTJYb09GcU0ua0UwbGdlNTNpQ25NIiB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBmcmFtZWJvcmRlcj0iMCIgc3R5bGU9ImJvcmRlcjowIj48L2lmcmFtZT4=
Thank You. We will contact you as soon as possible.
Does My Business Qualify?
Your details will never be shared with any 3rd parties.
Does My Business Qualify? How Do I Take Advantage?
Thank You. Your details are sent.
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3Lmdvb2dsZS5jb20vbWFwcy9kL2VtYmVkP21pZD16WlE3ZTJYb09GcU0ua0UwbGdlNTNpQ25NIiB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBmcmFtZWJvcmRlcj0iMCIgc3R5bGU9ImJvcmRlcjowIj48L2lmcmFtZT4=
Thank You. We will contact you as soon as possible.
Does My Business Qualify?
Unable to locate map with id: 1
Thank You. We will contact you as soon as possible.
Does My Business Qualify?

Error: Contact form not found.

    Choose a time and date:

    Your details:





    PGlmcmFtZSB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzcmM9Ii8vd3d3LnlvdXR1YmUuY29tL2VtYmVkLzRTTzd1WUxmNVBVP2F1dG9wbGF5PTEmcmVsPTAiIGZyYW1lYm9yZGVyPSIwIiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+
    WHAT IS SPARE CAPACITY?

    Error: Contact form not found.