Business Advice

We are experienced in advising in all areas of the life cycle of your business.

IMG Chartered Accountants and Business Advisors are experienced in advising in all areas of the life cycle of your business.  We can help to realise the dream of setting up your own business, to advising with its management and development, and ultimately exit planning.  We have particular expertise in dealing with family and owner-managed businesses.

Start up

  • Deciding which structure is right for you and your business – sole trader, partnership, limited company or limited liability partnership
  • Discussing the tax implications of each type of business structure for the business and you as its owners
  • Putting the legal framework in place
  • Registering for VAT at the right time
  • Setting up your accounting systems and controls
  • Easing the regulatory burden – let us deal with your payroll, bookkeeping and VAT
  • Discussing the different reporting requirements of each type of business structure – the deadlines, legal obligations and costs involved
  • Setting up tax-efficient remuneration packages for the business owners

Management and development

  • Making sure you fulfil your statutory and legal obligations within the specified deadlines
  • Developing your accounting systems and controls to provide timely accurate information on which to base your business decisions
  • Preparing and analysing management information
  • Preparing budgets and forecasts in line with your strategic planning objectives
  • Helping you maintain a strong working relationship with your bank manager
  • Making applications for finance – getting the right amount of finance from the right source at the right time
  • Looking at the timing of major decisions to maximise the tax incentives available
  • Investigating target companies where you want to grow by acquisition and advising on the best method of doing this

Exit Planning

  • Setting up appropriate and adequate pension provisions
  • Developing a five-year plan to retirement to build the business up to an attractive opportunity for your successor, whether that be the next generation or a new owner
  • Valuing your business
  • Building the most tax-efficient strategies for you to get your money out of the business