IT has been yet another interesting year – growth in the economy in Q3 this year was an astonishing 33 per cent greater than Q2, defying all the doom sayers.
Growth has been so good that the Governor of the Bank of England says that we are growing above the ‘speed limit’ and the MPC has just put up interest rates for the first time in a decade to try to slow growth down.
Uncertainties still lie ahead about what shape Brexit will take and what effects it might have in the long term, the immediate situation is relatively positive for most SMEs.
It is vital for the local economy that its SMEs remain vigilant to changes in their environment and with that in mind, Harris & Co provide a specially tailored service that ensures SME clients get the best possible advice as they take their businesses forward.
We can provide:
* Extensive financial expertise backed up by rigorous specialist training. Our team has maintained their knowledge through ongoing professional development and with this expertise, small and medium sized businesses can count on us for high quality advice on any aspect of their financial affairs.
* We can help with all tax decisions, limit tax liabilities and identify the deductions and credits which small and medium sized businesses are entitled to. Complex changes in tax legislations can impact businesses greatly. Our chartered accountants will help you stay up to date with changing legislation and offer advice that will SMEs a competitive advantage.
* We can help clients decide on the right trading structure to operate your small or medium sized business.
* Keeping proper records is not only good business practice, but is also a legal requirement. HMRC can fine businesses up to £3,000 for failing to keep suitable records. We can help with this task and keep businesses compliant.
* When it comes to accounting software packages, finding the best solutions can be tough. Harris & Co can assist with using the right technology and software packages. With in-depth knowledge and a wealth of experience, we can help you find what will work and what will not. With MTD just around the corner, and mandatory filing of VAT returns through accounting software, we are ideally placed to help the 80% of SME’s who do not use accounting software
* We can help clients make better management decisions by giving up-to-the-minute management accounts. This will help detect problems instantly before they become a threat.
* Financial projections and cash flow forecasts are important factors for understanding the financial position of a business. We can help you with the preparation of your cash flow forecasts, budgeting and financial projections as and when needed.
* We can help you create a realistic budget and help you balance fixed and variable costs within your business.
* As a business grows and expands, it can be challenging to maintain control over it. We will help ensure the right systems are in place to stay in control of business activities.
* We simplify the tax returns process, so that clients have peace of mind and don’t have to worry about penalties for the late submission of returns.
Whatever the future holds – strong and stable or a little more challenging, the right financial advice is invaluable to any business.
Find out more by contacting Harris & Co on 01604 660661 or visit www.harrisandco.biz