Professional services

As a firm of accountants and tax advisers we naturally have an understanding of the issues professional services face. We know that recruiting and retaining key staff are essential to your business and that includes carefully structured packages which are tax efficient and incentivise people to work towards goals that reward them indivually and the business.

Monitoring of your business performance through cost centres, and work types is key to achieving financial goals.

How we can help

We understand well the cash issues facing professionals with higher tax bills to pay, while cash is tied up in debtors and work in progress. Good tax and business planning strategies can ease the burden. As a direct debit originator ourselves (we can collect monies through direct debit) we can advise on a number of cash collection opportunities open to professional businesses.

We can help develop business models through financial planning and can assist with design and implemetation of accounts systems or by help with outsourcing of payroll and book-keeping/management accounts systems if required to reduce your fixed costs. Through a regular involvement with your business we can assist you in building your information systems to make the best decisions for you and your business.

We have had a very strong staff retention, with the majority of our senior management having been trained within our firm. We are well place to advise on how to retain and motivate key employees whilst advising on how to pay them in the most tax efficient way.

If you are looking from the other end of the spectrum and starting to think about how to retire and release some equity from the business, we can give you advice on exit strategies best suited to your needs.

If you would like to find out what that means for you call us now for a free consultation with one of our Client Relationship Managers or e-mail accountant@davidhoward.co.uk