Please select the relevant service from the right hand menu, alternatively scroll down for a brief overview:
Statutory accounts preparation
Allow us to offer you the service that we perform best, preparing financial statements. Whether you’re a sole trader or an SME, we have the right solution for you.
We will keep you updated on the latest changes in accounting standards and ensure that your accounts fully comply with UK GAAP, IFRS and all other reporting requirements, leaving you secure in the knowledge that you are in full compliance with all statutory financial reporting requirements.
Bookkeeping and management accounts
Use our freshwater service and leave the rest to us, allowing you to focus fully on your business. With our solution there is no need to buy expensive bookkeeping software.
At freshwater we make it simple, you scan and upload your invoices and receipts (or we can arrange for a courier to collect these) and we provide you with a set of management accounts. Keep on top of your monthly working capital and improve your cash flow with our timely management accounts.
Corporate tax planning
Tax doesn’t have to be taxing. Effective corporate tax planning can result in potentially significant improvements to your bottom line. We work with companies prior to their financial year-end to ensure you are able to address any points early.
We keep you updated with recent tax changes and how they affect your business as and when they happen. Company tax can be complicated and difficult to grasp and this is why our unlimited advice helpline is always there to support our clients.
It’s a good time to be in business, with the chancellor recently announcing a 2% reduction in the tax rate for the standard rate of tax. Our knowledgeable advisors will ensure you take advantage of all the tax incentives available for your business.
VAT (Value Added Tax) is a complex and difficult area of taxation, frequently amended with new rules and procedures, which affects most businesses and organisations.
The new VAT penalty regime means automatic penalties for errors unless you can show you have taken ‘due care’ – instructing an adviser is regarded as evidence of this.
Let us deal with the hassle of preparing and submitting your Monthly/ Quarterly VAT returns.
Personal Tax advice
freshwater are ideally placed to ensure you meet all compliance requirements, as well as recommend ways to reduce your liability for Income Tax, Capital Gains Tax and Inheritance Tax. We have specific expertise in the following areas;
With the Government keen to raise revenues in order to relieve financial pressures, HMRC tax investigations and tax enquiries are becoming increasingly common and can result in a significant financial cost if handled incorrectly.
We have specialist advisors who deal with tax investigations and can manage the full process on your behalf or advise you on the best strategy to adopt in planning and responding to tax investigation ensuring that you are represented adequately.
Did you know if you pay professional subscriptions or use you’re a personal car for work you may be entitled to refunds from the HMRC? We can perform a detailed review of your expenses to identify any potential tax refund that you may be missing out on. If your claim is unsuccessful then we don’t take a penny.
Capital gains tax is chargeable in respect of gains made on a number of assets when they are disposed of. freshwater is best placed to help you ensure that you are not paying more tax then you need to. With our wealth of experience we can advise you on the most tax efficient way of planning any disposals in order to reduce your tax bill.
Take the pressure off and give yourself the time to focus on developing your business by outsourcing your payroll services to freshwater.
We guarantee a fast, flexible and accurate payroll service that removes the pressure and risk of running your own whatever frequency you pay whatever the size of your payroll.
Our tailor made payroll package will prepare your employee payslips and advise you on PAYE and NIC payments due to the HMRC.
We can take care of all your filing needs with Companies house, including annual returns and all other mandatory filings.
If you ever need to consider selling your business, acquiring an existing business or even to raise funds to grow your business, a business plan and financial forecast is needed to support this process. We have dedicated corporate finance professionals who can support this process, from preparing the financial forecasts and business plan to supporting you through the transaction.
We have ample experience in setting up businesses, and will advise you on all the important matters to help you get started. We will help advise you on health and safety, legal requirements (such as mandatory insurances), employment issues and how to raise capital.
Our due diligence team are able to assist with identifying the inherent risks of a transaction, completions of a report detailing key findings, project management including liaison with other due diligence professionals. We also have our experienced corporate finance team on hand to support any lead advisory service.
Forecasting and business modelling
All growing businesses need to plan for the future – detailed forecasting and sensitivities form the back bone of any forecast. Key drivers specific to your business, need to be understood to prepare meaningful forecasts and we do this by ensuring we have a detailed understanding of your business and the sector you operate in.
freshwaters founder, has many years experience in preparing complex financial models and forecasts that can be used for internal as well as external matters such as banks and investors.
Internal controls reviews
Due to extensive experience in internal and statutory audits, our team is well equipped with the knowledge and best practice to help you control the important aspects of your business. Our robust controls suggestions will stand you in good stead for when your business grows and will help protect you from fraud.
Please feel free to contact us on 0845 467 57 97or your local office.