21 ways a good accountant can help you get the best from your business
Tick the box if you feel you need more help…
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You can also use this checklist to let us know which of these 21 things you’d like some help with. We’ve got lots of quick and easy to use worksheets and other simple resources you can use to improve your cash flow and boost your profits. You can also come in for a free consultation if you like. Call 01433 630902
You have already ticked the areas where you feel you need more help so…
Now you’ve completed the checklist, you can print off the list (using file, print from your browser menu) and show it to your accountant. You can then ask them how they can give you the extra help that you need in the areas you have ticked.
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General support you should expect: |
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1. Diagnostic review and report to identify the key options for strengthening your cashflow. |
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2. Explore the 20 sources of cash to see which have most potential for you. |
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3. Give you a One Page Performance Improvement Plan giving you all the key information about your business that you need to help you make better decisions and get better results. |
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4. Help you understand and manage your breakeven point so you are more able to deal with falls in demand. |
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5. Benchmark you against others in your industry to identify the areas where you can most easily improve. |
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6. Produce regular cash flow forecasts to ensure that your plans can be funded, and that you avoid any financial difficulties. |
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7. Give you free access to a library of relevant business development resources, eg: videos, books, software, reports, checklists etc. |
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Strengthening your cash flow by making more profitable sales & getting paid more quickly: |
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8. Identify which of the 8 key profit drivers has the greatest potential for you. |
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9. Review the 23 profit strategies that lie behind the 8 profit drivers – prioritise and action them. |
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10. Identify and manage your profitability by customer and/or product line – so that you can build on your higher profit areas and deal with your lower profit areas. |
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11. Analyse your sales pipeline and use sales improvement software to identify how to drive sales up. |
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12. Evaluate alternative pricing strategies – since getting your pricing right is usually the fastest and easiest way to increase the profitability of sales. |
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13. Review the 43 ways to improve debtor collection to find which are most useful to you. |
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Strengthening your business and personal cash flow by using better tax planning to: |
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14. Pay no tax on the profits from new products/services/divisions for 5 – 10 years. |
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15. Pay minimal tax when extracting profits from your company. |
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16. Slash your corporation tax bills. |
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17. Slash your personal income tax bills. |
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18. Reclaim income tax you have already paid in the last few years. |
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19. Halve your stamp duty and capital gains tax bills – or even eliminate them. |
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20. Ensure that specialist advice means you get the most from government tax breaks. |
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21. Use Inheritance Tax and care home fee planning to put extra cash in your bank during your lifetime. |
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