Our Initial Review Meeting

BPU Chartered Accountants are happy to meet with potential clients to go through a business review which can provide pointers on ways in which businesses can both improve their performance and reduce tax liabilities.

In return we would expect all businesses to give serious consideration to a fee proposal from us covering potential clients accounting and tax requirements. A typical business review will cover the following:

1. Business Structure
   This will identify whether the business should be run as a limited company, a sole trade or partnership or a formal limited liability partnership.
2. Allocation of Shareholdings/Partnership Share
   We will review the way in which profits are distributed between related owners to ensure that tax allowances are maximised.
3. Remuneration Strategy
   We will check the way in which monies are withdrawn from the business. In the case of limited companies we will look at payment by dividends as opposed to salaries.
4. Company Cars
   There are significant tax liabilities around the way in which company cars are provided for business owners. We will provide a company comparison between business and private ownership of company cars.
5. Value Added Tax
   There are several VAT schemes which can help to improve the cashflow of the business. For example it is possible to opt not to pay over VAT on sales until the customer pays you!
6. Business Book-keeping
   We strongly advocate that businesses should produce their own internal management accounts. This is to enable them to quickly monitor progress. We are happy to provide training to staff in the use of standard accounting packages and also provide a helpline to enable accounts staff to deal with processing queries.
7. Capital Expenditure
   The timing of capital expenditure can have a significant impact on tax liabilities. We review current plans and provide advice as appropriate.
8. General Advice
   During the course of the meeting we also hope to answer and deal with any other financial queries specific to the business concerned.

To book an Initial Review Meeting or for further information regarding any of the above please contact: Louise Williams, Marketing Manager