Nichols & Lea Accountants & Business Advisors

Accounting services & Annual accounts

Regular, accurate financial information is key to running a successful business. We can assist with general bookkeeping and the preparation and review of regular management accounts, comparing actual figures to budgets, investigating variances and using our understanding of your business to provide appropriate proactive advice. We can assist with VAT/PAYE returns and payroll.

We can prepare or help you prepare the annual accounts of your business. Ensuring these are available as soon as possible after the year end, we can then meet with you to discuss the figures.

Taxation

In addition to preparing your personal Self Assessment tax return, we can produce tax returns for your business, company or partnership, and provide advice on all aspects of business and personal tax including inheritance tax and capital gains tax. We can advise on the Construction Industry Scheme (CIS) and national insurance.

New businesses & Start-ups

We can help you decide on the right structure for your business (limited company, sole-trader or partnership) and assist with the necessary registrations with the tax authorities and Companies House. We can help you with your business plan, preparing budgets and financial forecasts, determining the best way to finance the business and introducing you to banks and other providers of finance as necessary. We can advise on accounting software and help implement systems. We will work with you to compare actual performance to plan and advise you on the issues to be addressed.

Growing your business & Business planning

Once your business is established you will want to look for ways to grow. We can assist you in dealing with the issues you face and discussing with you how to take your business to the next stage. We can provide help with your business plan and financial forecasts, reviewing your systems to ensure they are adequate for your needs, introductions to banks, solicitors and other professionals including non-executive directors. Also we can propose appropriate capital investment and staffing as the business grows.

Turn-around advice

If your business is facing difficulties, we can work with you to get you back on track. We can review costs and cash flows, suggest arrangements with banks and suppliers etc, prepare a business plan and financial and cash flow forecasts.

Our relationship with you

Working with you closely and maintaining regular contact will give us a detailed understanding of your business. This, coupled with our extensive experience of other businesses, means we are well placed to offer proactive advice as needed.

Our fees are based on time spent and the complexity of each assignment. We will always advise and agree our fees with you in advance.