Your financial life-plan
An independent view is often useful. We help you stand back periodically, to think about where it is all leading. Are you on course to meet your financial goals? What would you like to change? We can help you regain perspective.
Entrepreneurship can be lonely. We are here to work alongside you to help you avoid common pitfalls. We can also help you evaluate opportunities and plan ahead.
We can act as your external Financial Director. Small businesses cannot afford full-time financial expertise in house so it is a relief to know that the same kind of expertise is available to you from TsH. We can be your outsourced financial director.
We can advise on Corporate Finance, guiding you to appropriate sources of financing depending on your plans. Tax is often one of the largest single costs of running your business so you will need a sensible tax management plan to avoid being caught by surprise.
Tools for your business
Cloud accounting is a key to managing and controlling your business on a day-to-day basis. Properly organised, it can enable you to see current information and spot actions you need to take. Gone are the days of waiting until several months after the end of the financial year to learn of the opportunities you missed. We can help you set up your system to provide the information you need to understand and run the business efficiently.
Our payroll bureau offers a cloud -based payroll service. We provide access to the portal to employers and each employee can have a personal portal to retrieve payslips, contracts etc. This popular service relieves the burden of payroll compliance and helps ensure that the rules of providing Real Time Information to HMRC are complied with.
We provide business valuations and share valuations. There can be a need for a valuation in a number of different circumstances such as selling your business, bringing in a new partner, resolving a dispute, setting up a trust, issuing shares. Approaches to valuation differ according to the circumstances and depending on whether the valuation is for a specific taxation purpose or for a commercial transaction.
Do you understand how your finances will change when you retire? What levels of income and expenditure do you expect? How will your pension provision work? What about down-sizing? What if the unexpected occurs? These questions can have major impacts and of course life is uncertain. We can help you think through the options and appreciate the implications of your plans.
You perhaps want to make provision for care or for your dependents. Inheritance Tax is sometimes referred to in the press as a voluntary tax. The actions you take now can significantly affect tax liabilities and some actions benefit from long lead times. We can advise a wealth transfer strategy, on selecting the most suitable type of trust. Tax can be complex and the liabilities significant so it is worth being aware of the consequences of what you are planning.
Require more information?
If you would like more information or would like to speak to us direct then call us on 01844 218836. Or if you would prefer, ask us a question online.