Accountancy for Businesses
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Accounting
Our primary focus is to add value to you and your business by offering bespoke accounting solutions tailored to businesses, families, and individuals. We provide a seamless advisor relationship that addresses all your accounting needs. Whether you’re a sole trader, a partnership, or a limited company, we are here to support your business in its growth and success.
Advisory
Our clients view us as their ‘Trusted Partner,’ and our business advisory service is one of the most valued offerings. You can leverage our strategic and creative expertise, combined with your own experience, to make informed decisions. Whether you’re considering expanding operations or planning an exit strategy, we provide invaluable insights, drawing from our work with other businesses in similar situations. Our ‘critical friend’ approach means we’ll be honest, even when it’s not what you want to hear. While we may not always have all the answers, we guarantee that your best interests will always be our priority. Above all, we listen to your goals and help you move towards achieving them.
Start-Up
We specialise in business start-up advice, helping transform your ideas into reality. From discussing business structures—whether as a sole trader or limited company—to ensuring registration with HMRC and Companies House, we guide you through the entire start-up journey. We also advise on bookkeeping, record-keeping, and preparing for first-year accounts and tax returns. Our goal is to understand your business vision and create a pragmatic plan to achieve both short- and long-term objectives.
Taxation
We simplify business tax with a clear goal: to help you save. Our experienced tax specialists stay on top of ever-changing tax legislation to keep you compliant while maximising your cash flow. Regardless of your business size or stage, we provide customised tax solutions that align with your long-term goals, such as retirement income and financial commitments. While businesses may seem similar on paper, we recognize the unique objectives each one strives to achieve, and we tailor our tax strategies accordingly.
Budgeting
Cash flow forecasting and budgeting are essential for building a secure and reliable business model. We help clients—particularly those in the early stages—closely monitor their cash flow by providing the necessary tools. From basic Excel models to complex budgeting spreadsheets, we assist in:
- Building cash flow forecasts for analysis and funding purposes
- Reviewing and evaluating cash flow and profit & loss projections
- Preparing for various financial outcomes through thorough analysis
Forming a Company
When forming a new company or restructuring an existing one, it’s crucial to explore your options carefully. We assess your current and future business requirements and advise on the most suitable structure. Additionally, we provide guidance on often-overlooked areas such as shareholder agreements, ensuring all aspects of company formation are covered.
Secretarial
Company law places numerous responsibilities on directors, but our company secretarial services provide a cost-effective solution to manage these statutory obligations. Whether you run a small or large business, we help you stay compliant, allowing you to focus on running your company profitably.
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Why First Thought Financial
- A dedicated team to guide you through the process
- Friendly service and expert know-how
- A whole-of-market mortgage broker
- Access to some exclusive rates through our panel