BW Insight – Business Advisory
Our business advisory service, delivers real time advice based on real time information.
We work with you to focus on the key numbers for your business. We look at them in real time and use our insight to provide regular practical advice you can act on right away. Advice that gives you firm financial control, lets you take confident business decisions, and drives business improvement.
With oversight of your digital business records and regular communication, we work together to improve cashflow management, evaluate finance options, consider funding opportunities, provide forecasts and analyse budgets. Better business performance is the goal.
Insight is tailored to you. It is dependent on the management information you need and how often you would like us to provide, analyse and review it with you, but as a guide, we offer three service levels, FOCUS, ENHANCE and VISION. The services are outlined below and our policy on costs is straightforward. We will be clear from the outset what your service includes and its monthly cost.
We work together to highlight the key numbers for your business. Those that show its financial health, flag problems ahead or identify tax planning opportunities. We produce detailed and reconciled management information in a monthly or quarterly FOCUS report.
We will analyse your FOCUS reports, and discuss them with you in person in a quarterly or monthly meeting whichever you prefer. We will explain what your numbers mean and what actions can be taken to improve your business performance.
Add forecasting your future position to the ENHANCE service to consider “what if” scenarios and understand the financial impact of decisions before you take them. We will compare actual results to forecasts too, to highlight unexpected costs and business performance, giving a vital heads up.
With your business performance secure, we encourage you to looking to your future. Talk to our specialist tax, corporate finance and pensions and investment teams about expansion, succession, structure, retirement and building and protecting your wealth for your dependents.
Supplies made by the hospitality industry that have been subject to a 5% VAT rate since July 2020, will become liable to 12.5% VAT between 1 October 2021 and 31 March 2022.
A recap of HMRC’s proposals to reform the penalties for late submissions to a points based system.
A summary of the Chartered Institute of Taxation’s response to HMRC’s consultation on proposed basis period reform, allocating trading profits to tax years rather than accounting years.
BW Insight Business Advisory Service uses real time digital business records to provide real time advice to drive business improvements.
How will making Tax Digital for Income Tax – MTD ITSA – affect your business? An explanation of HMRC’s current proposals.
Consultation document proposes moving from a current (accounting) year basis to a tax year basis for reporting tax on self-employed profits.
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