Accountancy and Tax Mitigation

Financial Management Solutions (thinkFMS) offers an extensive range of specialist services for commercial and not for profit organisations and also individuals. We enable you to have full and easy access to the numbers that matter to enable you to make the right decisions.

These specialist services are co-ordinated by your client service team so that the expert advice we give you is always tailored to your specific needs.

Tax Matters:

As Chartered Accountants, we deal with tax issues every day so we appreciate that taxpayers often find the subject complex and confusing.

To make life a little simpler, we’ve produced a TaxMOT covering the commonest forms of tax affecting our business and private lives, including details of how to pay. To find out more, without obligation or cost please contact us.

• Capital gains tax
• Corporation tax
• Income tax
• Inheritance tax
• National insurance
• PAYE
• VAT.

Everyone’s tax circumstances will be different so seeking professional advice is a wise step to ensuring that your financial affairs are as tax-efficient as possible.

Accountancy

Financial Management Solutions (thinkFMS) offers the full range of services to
• Limited companies
• Sole traders
• Partnerships
• Charities
• Limited liability partnerships
• SSAS

We help you get the financial information your need to make the decisions you need to make to achieve your goals and dreams

• Book-keeping
• Management and year end accounts
• VAT returns
• Payroll
• Tax planning
• Cash-flow management
• Strategies and goal setting

Exit Strategies: Selling your business

It is important to plan well a head to exit your business.

The business needs to be systemised to maximise its value when coming to sell it.

If you decide the time has come to sell your business, for whatever reason, then you will want to make it as simple and quick and possible. Shaking hands with the purchaser does not necessarily mean the deal is done, as there are potential complications which could draw things out far beyond your original plans.

If not properly managed, the lawyers from both sides can take a long time to get the purchase and sale agreement drafted correctly. Then the purchaser's accountants are likely to carry out a due diligence exercise to investigate the sales-worthiness of your business. This is an important process to protect the buyer, but it can result in numerous questions and possibly significant disruption to the business.

By the time the process is completed, the deal may look completely different from the one that was initially on the table as, indeed, can the price.

By getting us involved at an early stage, you can agree on timescales that are realistic, mitigate legal costs for both parties, minimise the disruption to your business and improve the chances of satisfying the purchaser’s accountants. Our highly qualified consultants will ensure you are kept fully informed of progress at every step of the way to make your transition from business owner to business seller as painless and straightforward as you would wish.

To find out more about how we can help you, please contact us.