Accountancy and Business Services

Whatever the size or structure of your business, whether you’re a one-man band or a large corporate organisation, we are here to produce accurate accounts and assist you with the financial management of your business.

At David Allen, we prepare year end accounts for sole traders, partnerships and limited companies, enabling you to meet your statutory and tax obligations and allowing you to concentrate on what you do best: running your businesses.

We won’t just look at your business’ figures: there may be additional opportunities, or risks, to consider, and we will also examine these carefully.

We also prepare management accounts and assist with bookkeeping to ensure that you have the up-to-date management information you need to make informed decisions and manage your finances effectively.

Our accountancy work links with our tax services and we will offer support and make recommendations to you regarding your personal and business taxes, including Income Tax, Corporation Tax, VAT and Pay As You Earn (PAYE), as well as guiding you through any other issues you may face when running a business.

Business Start-Up

We will ensure you get the right advice from the very start to make sure you operate through the most suitable trading structure for your new business.

Whether you are a sole trader, a partnership, a limited liability partnership or a limited company, there are advantages and disadvantages for each trading structure in terms of tax implications, status, control, risk and cost.

At David Allen we will review each business venture individually and consider future plans as well as expected growth, degree of risk involved in the business, regulations which you must abide by and what is important to you to ensure you operate through the right structure for you.

Strategic planning

Quite often business owners are so involved in the day-to-day operation of their business that they do not have time to focus on a strategic plan.  That is where David Allen can help.

For example, can you answer these questions?

• Where is my business now?
• Where is it going?
• How are we going to get where we want to be?

Strategic planning is key to the future performance and development of your business and will help you to plan ahead, giving you a clear direction for your business’ future.

Our team of specialists will carry out a full review of your business and consider the bigger picture including the activities of your competitors, the efficiency of your own systems and processes, the factors that drive growth and recognise any potentially weak areas.

The outcome of a strategic planning process is to identify practical measures that will lead to your business becoming more profitable.

Business valuation

All businesses have two common goals, success and profit; if your business is not making you money then steps must be taken.

Your accounts will demonstrate how successful a business is, but a formal valuation should be carried out to assess its actual value.

The main reason for valuing a business is often for a potential sale or for insurance purposes but you may need a business valuation for other reasons such as shareholder disputes, divorce proceedings and matrimonial disputes or company buy back of shares.  You may also need to know the value of shares for tax purposes on gifts or sale of shares or the death of a shareholder.

Our team is here to offer you a true valuation of your business, whatever the reason, and we will review current and historic financial data and consider the current structure and factors impacting on the business.  Our valuation will be presented to you in a report describing the work carried out, the basis for the valuation and the results, so you have everything you need in one place.