Unlock your company’s full potential by seeing your accountant as a strategic business adviser, not just a specialist in traditional accounting and tax compliance. At Horsfield and Smith, we provide expert business advisory solutions across the UK, designed to increase your bottom line.
In addition to performing routine accountancy duties, a large part of an accountant’s day is spent advising clients on their budgets, profitability improvement and operational procedures. These tasks are not often associated with accountants but essential for business growth.
Determine Your Needs
To find out how we can help develop your business, ask yourself the following questions:
- How can my business advisor help improve my business’s growth, efficiency, and profitability?
- What procedures may need fine-tuning to help me achieve quality output?
- In what ways can my business adviser help me operate on a more cost-effective basis?
- How can my business advisory service help me minimise my tax liabilities?
Always keep your long-term goals in mind. Running your business more cost-effectively can be achieved only if you have the vision to project your goals into the future.
Frequent cash shortages, lack of a solid business plan to guide the business and steady decreases in profitability are all warning signs that a business is heading towards a potential financial crisis. It is crucial to evaluate your business’s structure and performance before it manifests these danger signals.
At Horsfield and Smith, we can help you focus on how to improve your profitability by analysing all the elements of your business. Reporting on profitability is a standard procedure, but helping create it by providing intelligent, entrepreneurial advice is what we strive for as your business advisors. Let us work alongside you to help you achieve your goals.
Beyond the Basics
Services we provide include:
- Developing a comprehensive business plan.
- Compiling the data you need to secure finance for your business.
- Preparing budgets and making projections.
- Acting as a referral source to help you find a solicitor, banker, insurance agent, etc.
- Determining which of your products and services are viable and which should be modified or terminated.
- Devising the best structure for your business and advising you on when to incorporate.
- Tightening internal accounting controls.
- Advising you on the acquisition and implementation of a computer system.
More often than not, if there’s a service we are unable to provide ourselves, we will be able to refer you to someone who can advise you.
Consulting Services
We offer a wide range of business advisory solutions in the UK. As members of our business become more specialised, so do the services they offer. From technical resources to industry expertise, our company is set up to accommodate your business needs.
Other areas of our business are devoted to managing personal short-term and long-term financial concerns. By analysing your current financial position and developing estate and retirement objectives, we can advise on how to create more economic security for you.
What You Want from a Business Adviser
Understanding what a business adviser can do for you is a start. By treating us as a wealth of entrepreneurial know-how, you can obtain quality consulting on a variety of topics that extend far beyond traditional compliance work:
- Call us. Never hesitate to ask us a simple bottom-line question. If you are debating whether to buy or lease equipment or are concerned about the costs of your insurance coverage, the answer could be just a call away.
- Use us for both business and personal financial issues. Sole traders or partners often find their tax paperwork overlaps with business and family finances. Using us to handle both will help you establish an integrated approach.
- Meet with us for a midyear planning session. Schedule time to discuss your finances in the summer. If you start planning early, you might find that we have more time to help you improve your bottom line.
- Plan for major financial events before they occur. If you contact us when you are anticipating a major event, such as an inheritance, you could reduce your tax liability.
- Use our contacts. We are an excellent resource for helping you network with other professionals.
Make our business advisory solutions work for you and your business. Call us on 0161 761 5231 with any questions you may have on strengthening your business or personal finances. Alternatively, send an email to theteam@horsfield-smith.co.uk.
For more information, explore our business advisory services in the UK and discover how Horsfield and Smith can assist you in achieving your business goals.
