Our Services
Annual Audit, Annual Accountancy and Management Accounts
Every business has a statutory obligation to produce accounts annually for the relevant authorities - Inland Revenue and Companies House.
Every accountant will offer to help you with this. We like to think we go a step further.
We offer a unique service guarantee. We will also take the time to explain your accounts to you so that you understand what is going on financially within your business, helping you to plan for the future.
What is more, we recognise that some businesses will require accounts to be prepared on a monthly or quarterly basis.
This may, for example, be for the purposes of providing information to your bank to support a borrowing facility or perhaps you want to know what is going on in your business sooner than waiting for your year end accounts to help your business respond faster and to help you manage the business.
We can produce management information in various ways and styles, perhaps just looking for the underlying drivers that run the business.
Services include:
Bookkeeping, preparation of management accounts, preparation of financial statements and audits.
Tax
Everyone has to pay tax, so why not make the most of it? At fft, we specialise in providing tax guidance with a commitment to making it work for you. Our specialist advisors will implement bespoke tax strategies to boost your savings and minimise the shortfalls.
TAX COMPLIANCE WORK
We offer the usual tax compliance services that businesses have a statutory obligation to complete.
We deal with the Inland Revenue on your behalf, taking the worry away from you. This work covers some of the following:
- Self-Assessment Tax Returns - Individuals, Partnerships and Limited Companies.
- Tax Computations
- Liaising with the tax authorities
- VAT Returns
- End of Year PAYE Returns -P35, P60's, P11D'S
Whilst these jobs are important, all accountants should be capable of completing them. We are more interested in maximizing your tax planning opportunities.
TAX PLANNING
We all have to pay our taxes but within the legal framework there are numerous ways of saving tax and making sure you do not pay a penny more than is absolutely necessary.
We have extensive experience in this area of work and always fight as hard as we can for our clients.
We have invested heavily in specialist software that gives us access to all the Tax Legislation, to Tax Cases going back over 100 years, to the internal manuals of the Inland Revenue and to detailed commentary on all taxes, direct and indirect. This is fully searchable software that allows us to find anything we need on any tax topic at all at a push of a button, to help us come up with many ways of helping you legally save tax.
Studies have shown that only occasionally on meeting new clients is it found that everything necessary is being done to minimize their tax bills. Many clients have had tax savings identified of several thousands of pounds that are not one off savings but that recur every year. We are always willing to offer advice on the areas where tax can be saved. We enjoy this work!
All of our Tax Planning makes legitimate use of the Tax Legislation and Case Law, so that you are not put at risk from a full Inland Revenue Enquiry.
As well as the day-to-day taxes it is important to plan for those taxes further down the line such as Capital Gains Tax or Inheritance Tax
Tax Planning can include any of the following areas:
- Business Tax, Employee Tax & Personal Tax
- Limited Company Tax - including what is the best way to take money out of your Limited Company
- Benefits In Kind
- Investments, Loans & Property
- VAT
We also offer a Tax Projector FREE of charge to all clients, which is a simple little tool for estimating your tax bills as you go along during the year so that you can put the money aside for when the dreaded day comes.
TAX INVESTIGATIONS / ENQUIRIES
It is an unfortunate fact of business life that you may well come under enquiry by the Inland Revenue or Customs & Excise through no fault of your own. The Inland Revenue now investigates businesses at random as well as for specific reasons.
If you are selected at random, you need an accountant who knows how the Inland Revenue works and thinks and is prepared to fight your case and make sure that the Revenue keep to their own internal guidelines.
In our opinion, a no nonsense approach often works best.
We will talk you through the enquiry process and what to expect and support you throughout.
There are various penalties the Revenue can seek to impose following an enquiry for undeclared income.
As well as having to pay the tax, you can find the Revenue seeking penalties of up to an amount equal to the tax, so doubling your tax bill as well as asking for interest on the late payment of the tax - not a pleasant experience.
If this happens to you, we will show you how to minimize any penalties.
Anti-investigation scanning checks
Whilst with the introduction of random investigations, anyone can come under investigation; you can help to avoid the chance of an investigation into your affairs for other reasons.
Every Tax Return or set of accounts we submit to the Revenue goes through an anti-investigation scanning check to identify any areas that may lead to an enquiry before they are submitted without explanation.
This really does help to minimize the chances of you being on the wrong end of a full enquiry.
With fft you won’t get your fingers burnt.
Payroll
An area which most businesses struggle to maintain, fft provides a cost-effective outsourcing option tailored to your every requirement. From start to finish, your employees payment needs can be met with ease.
Services include:
Processing payrolls, payment of salaries via your preferred method, completion of periodic returns, liaison with the Inland Revenue on all payroll matters and advice on employment issues.
For further information please contact Trevor Whitehurst
Forensic accounting
Often considered a complex and contentious area, fft strives to provide you with straightforward advice - an enlightening approach.
Whether you need courtroom assistance or are simply looking for advice, our dedicated team is at your disposal. From the start, we can guide you every step of the way, helping you to see the bigger picture and achieve a timely result.
Whether it is a business matter or a personal one, we can assist in all areas and at all stages of a case.
Corporate Finance
At fft we understand that, as an owner-managed business, there are a million and one different financial requirements, so reassuringly, we’re here to help. fft is confident that with our expertise and ‘get the deal done’ approach, you can achieve your business ambitions.
Services include:
Raising finance, preparation of business plans, business valuations, cash flow and profit forecasts, acquisitions, mergers and disposals.
Most of these services are offered through our associates Ravenwoods.
Ravenwoods is an established business broker, with a proven track record of helping owners to sell a business.
Offering a professional service to all owners of small and medium sized businesses looking to sell their companies and in the process maximizing their return on capital, time and energy invested.
Ravenwoods also assist aspiring entrepreneurs and established companies to acquire the right business to suit their growth needs.
Ravenwoods offers professionalism, knowledge and a wealth of experience to anybody looking to acquire, value or sell a business. This can be a daunting task for even the most experienced business man.
Ravenwoods offer a clear fee structure, individual attention, specialist advice and great coffee!
It has been said that buying or selling your home is the largest financial deal you will ever do — actually this is not true — it is buying or selling a business – so why not benefit from our experience!
Business advisory
Constantly evolving, the modern business world can seem like a jungle of red tape and new legislation, which is why fft has developed a range of services that provide comprehensive advice on all areas of business – leaving you to focus on your core business. After all, it is what you know best.
Services include:
Management consultancy, computer consultancy, business start-ups, strategic planning and company secretarial services.
Our Terms & Conditions
Our fees are computed on the time spent on your affairs by the Partners and staff and on the levels of skills or responsibility involved and disbursements incurred in connection with the engagement. We will agree the scope of our engagement with you in advance of beginning your work and quote to you a fee for undertaking this engagement.
Work outside the scope of this engagement may be subject to additional fees, however, we will always endeavor, where possible, to provide a quotation for any additional work for the avoidance of any dispute.
As a new client, we would normally offer an initial meeting with a senior member of our staff, during which he/she will discuss your specific requirements, and if you request one, a quotation can be prepared for you.
This engagement covers normal routine accountancy based services. In the case of any enquiry based work eg. in relation to any Inland Revenue/Customs & Excise/PAYE enquiries, this work would always generally be considered to be outside the scope of "normal routine accountancy based services".
We are able to offer all clients the opportunity to protect against additional fees pertaining to such enquiry work under the auspices of our Fee Protection Scheme, full details of which have been/will be provided to you under separate cover.
All work undertaken will be subject to VAT at the prevailing rate and tax invoices will be issued at the appropriate times.
Our invoices are payable on presentation. We reserve the right to charge interest as per conditions shown on our invoices in the case of overdue accounts.
We also reserve the right to terminate our engagement and cease acting if payment of any fees billed are unduly delayed. However, it is not our intention to use these rights in a way which is unfair or unreasonable.
Payments
Credit Card Payments
You can confidently make payments with any of the main credit cards (Switch, Visa and Mastercard) by telephone.
Payment by Cheque
You can pay by bank cheque, made out in favor of "Freedman, Frankl & Taylor" and posted to Freedman, Frankl & Taylor, Reedham House, 31 King Street West, Manchester, M3 2PJ.
Payment in Cash
If you prefer to settle your account in cash you may do so at our offices.
Payment by Direct Debit
We are able to set up a Direct Debit so that you may pay on a regular monthly basis once an agreed a monthly debit rate has been assessed.
Once done you will be able to set up Direct Debit by filling in our Direct Debit Form
Privacy Policy
Information and data collected online through this website will only be used for its intended purpose. No information will be given by Freedman, Frankl & Taylor Limited to any third parties or agencies.
No personal information will be stored on this site. All and any data received from applicants will be deleted when they are no longer required.
We confirm that where you give us confidential information we shall at all times keep it confidential, except as required by law or as provided for in regulatory, ethical or other professional pronouncements applicable to our engagement.
You agree that it will be sufficient compliance with our duty of confidence for us to take such steps as we in good faith think fit to preserve confidential information both during and after termination of this engagement
Compliance with the 1998 Data Protection Act
Under the conditions of the 1998 Data Protection Act, individuals are protected from the indiscriminate collection of personal data as well as its storage and distribution. Freedman, Frankl & Taylor Limited Accountants fully complies with the main five principles of the 1988 Act in the following ways:
• Lawful Purpose
Personal data will only be held by Freedman, Frankl & Taylor Limited for specific lawful purposes and will not be disclosed in any matter which conflicts with that purpose;
• Accuracy & Relevancy
Personal data kept by Freedman, Frankl & Taylor Limited will be as accurate, up-to-date, adequate, and as relevant as reasonably possible, and not excessive;
• Period of Retention
Personal data will not be retained by Freedman, Frankl & Taylor Limited any longer than is necessary for the original purpose for which it was given, nor used for any further future undisclosed purpose, nor without the expressed permission of the person to whom that data relates;
• Data Security
Personal data will be kept as securely as possible by Freedman, Frankl & Taylor Limited so as to prevent unlawful access, accidental loss, disclosure, unauthorised access or alteration to the data which is kept;
• Access to Data
Upon request from a Data Subject, Freedman, Frankl & Taylor Limited will let the Data Subject know what data relating to him or her is being kept by them.
