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
Corporate tax planning
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.
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.
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
Forecasting and Business modelling
Internal controls review
freshwater is 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; Tax investigations, Tax Refunds & Capital Gains
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
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
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.
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.
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.
Whilst you can probably buy insurance for all types of risks, there are three main areas that you are likely to need cover for.
Professional Indemnity Insurance
As with accountants and solicitors, professional contractors and freelancers will provide advice and services which will be relied upon by their clients.
Even where care and skill is exercised, there is still the potential for you to make an error that causes financial loss to a client. Happily, such cases are rare but when they do occur they can be costly. Professional Indemnity Insurance can provide you with peace of mind for quite a modest fee.
Policies can be purchased from the below link and start from just £147.
Please note Qdos provide this insurance and freshwater cannot advise on these products.
freshwater will earn a commission of 5% on all policies (exc tax) except TLC35 where they would earn 7.5% by you purchasing from the below link.
Employer’s Liability Insurance
Employer’s Liability Insurance covers you for any liability you may have for injury or death to your employees.
Whilst this cover is compulsory for all businesses, limited companies are exempt where you are the only employee and you own at least 50% of the shares.
Although you may benefit from the above exemption, these policies are usually provided as part of a package with Public Liability Insurance.
Public Liability Insurance
Public Liability Insurance will cover you for any liability or death to third parties and damage to third parties property as a result of negligence by you or your employees.
freshwater Chartered Accountants also has a local presence with a local accountant based in the East and West Midlands. We specialise in providing accountancy services for sole traders and small and medium-sized businesses.
We stick to our core values in being friendly, reliable, efficient, simple, and honest. The resulting freshwater approach means that we won’t use financial jargon or technical language, our proactive approach means we won’t just process your accounts, you can be sure that we will always claim the maximum available allowances to reduce your tax liability.
We also have a specialist team dealing with specific professions such as contractors working in industries such as IT, engineering, energy, and construction.