Our Services
Offering you the most comprehensive service possible
Cowgill Holloway Small Business Unit offers extensive services and practical advice for your business needs. These include:
Accounts Preparation
We assist the client/company with the preparation of accurate management information and production of year end accounts. We invest our time in appraising the business and discussing with you as to how we can work together in the future development and growth of your business. We aim to develop long term relationships with you and are committed to providing high service values.
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Management Accounts
Regular management information, be it monthly, quarterly or half yearly, is vital to the continued success of any business. We can prepare management accounts to your requirements to ensure you always have reliable and accurate information on which to base your business decisions. We can utilise the management information to make suggestions to help improve your profits or to develop and grow your business.
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Book keeping
We can relieve you and your staff from the burden of administration by taking care of your bookkeeping and accounting needs. We tailor our approach to your requirements so we can provide exactly the service you need.
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VAT
Value Added Tax is one of the most complex tax requirements imposed on business. Businesses can inadvertently overpay or underpay VAT due to the complexitives of the scheme. The ever widening scope of VAT call for a professional eye to ensure you abide by the regulations and you are not paying too much. We assist you with registration, planning, administration, control, completing returns, negotiation in disputes and representing you, if the needs arrives, at tribunal.
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Taxation
As tax advisors we work closely with you to ensure you do not pay too much tax and pay the minimum tax required by law. Taxation comes in various guises Corporation tax, personal tax (income tax, capital gains tax, and inheritance tax), self assessment, estate planning and VAT. We can provide year round advice on all aspects of taxation and to help you ensure you comply with the regulations and that overpayments are not made. We help you to understand the tax implications and help you plan ahead and conduct your affairs in a tax efficient way.
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HMRC Investigations
A tax investigation by H M Revenue & Customs can be a stressful and worrying experience, we have a wealth of experience in dealing with the Inland Revenue to help alleviate the pain for you. If you about to be the subject of an investigation, we can provide you with expert help and support. With the increased risk of tax investigations it may be worth considering taking out our annual insurance policy to protect you and your business from unexpected costs. Costs could be substantial depending on the amount of work involved and the complexity of the case. For a small premium these costs can be covered.
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Business Plans
It is imperative for a business to be successful that it plans ahead. All too often the pressures of keeping the business going on a daily basis results in business planning not being given the attention it deserves. The result of which could lead to rushed judgements, over/ under capacity, losses or missed opportunities. Every business needs a planning advisor to take the long view and advise on appropriate course of action to take before it is too late. We have years of experience and expertise of advising all types of businesses for you to draw on. We will ensure the plan and forecast are meaningful and robust.
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Payroll
Administrating your payroll can be time consuming and complicated. It can lead to a diverting of resources from the core activities of your business. Also the task can be made even more difficult by the growing complexity of taxation and compliance legislation. We can help relieve the pressure and offer cost effective solutions. We offer the complete service, whatever the size of your business, including: customised pay slips; administration of PAYE, National Insurance, sick pay etc; completion of statutory forms including year end returns; summaries and analysis of staff costs; administration of incentive schemes; administration of pension schemes.
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Liaising with banks and sourcing finance
Drawing on our wealth of experience we can support you through what can be a daunting experience. We offer support when liaising with banks and financial institutions. Ensuring you have the necessary finance is essential for achieving your objectives, whether yours is a new or mature business. One of the most common failures of business is badly structured or inadequate financing. You may wish to purchase an asset, raise cashflow, buy a propertyor purchase another business we have the expertise and the right team to work with you to get the best deal.
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Business Start Up
Most people who start up in business do so because they have a good business proposition and the expertise and commitment to see it through. They may however not be experts in the legal, financial and fiscal aspects of running a business.
We have the expertise to support you to succeed in business. We will help you to:
- Decide of the most suitable structure for your business be it sole trader, partnership, limited company or limited liability partnership.
- Prepare a business plan, cashflow projections, budgets and forecasts
- Assess your financial requirements. Advising on the best sources of finance and draw up the necessary proposals. We will assist you in establishing a close working relationship with your bank.
- Complete any registration procedures with Companies House, Inland Revenue, and Customs & Excise.
- Set up recording systems for your internal use.
- Keep on top of bookkeeping, VAT, payroll, etc.
- Decide on what computer hardware to buy and assist with the installation of accountancy software.
- Deal with secretarial issues.
- Help with all aspects of business compliance and administration.
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Business Recovery and Insolvency
Occasionally things in life don’t quite go to plan. Both individuals and businesses can face financial difficulties for any number of reasons. We can offer a professional service to take away some of the pain by offering sounded business advice to tackle the situation head on. We will give you advice, help and offer solutions. We have the experience, to call upon, in all aspects of corporate recovery procedures, liquidations and personal insolvency. Our aim is to achieve the best possible outcome for all.
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Licensed Trade, Hotel and Restaurants
Historically the practice has developed a considerable expertise in the licensed trade, restaurant and hotel sectors. We have the expertise to guide you through the trials and tribulations of running a business within this sector. We work closely with you and the landlords to obtain the best deal for you. We currently advise over 150 outlets.
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Outsourcing
We work closely with business partners to provide all the services a business requires namely: Commercial Business Insurance, Private health insurance, Life Insurance, Asset Financing, Cashflow Financing, Property funding, Health and Safety protection, Compliance legislation. We aim to provide a solution to meet your business needs.
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If you would like further information on any of the above services please feel free to contact us.