Statutory compliance and reporting
From transactional record-keeping, payroll, management reports and VAT returns to annual reporting, taxation, and company secretarial services, there are a seemingly endless array of burdensome compliance requirements to meet when in business. A core part of our business is keeping you in business.
We commit to doing this better by utilising the latest tech, automations and integrations to simplify and speed up not only the compliance requirements of your business, but also the invaluable management reporting and internal business processes within your business.
Our taxation services will help minimise your tax liabilities.
Determining the most tax efficient structure for your business, taking full advantage of tax opportunities and reliefs, reducing tax on disposals and maximising relief on acquisitions.
We make the most of tax opportunities specific to your industry and acting on your behalf in discussions and negotiations with the tax authorities.
Efficient tax planning can result in potentially significant improvements in your bottom line.
There are many reasons for valuing a business including buying or selling a company, selling or transferring shares, business or personal separations or combinations, or setting up a share scheme for your employees.
Whatever your intention, valuing your company is a useful exercise. Praxis has a wealth of experience in this area and can provide you with a well-informed and credible valuation.
Many business failures could have been prevented if the owners had taken proactive action.
Equally, many opportunities to take advantage of an ever-changing tax landscape have been missed, leading to unnecessary tax liabilities.
Let us advise you on the pros and cons of the various options and implement an effective solution for you..
Tax reliefs and incentives
There exists a whole host of tax reliefs and incentives that can help you to invest in new areas whilst limiting your risk and in some cases injecting cash back into your business.
The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) allow certain tax reliefs for investors who subscribe for qualifying shares in qualifying industries.
Research and Development Tax Credits can provide tax relief up to 230% of qualifying expenditure and can lead to cash refunds of tax.
Financial forecasts and business plans
A good business plan is an essential ingredient of a successful business. Business plans are not only for the benefit of investors and lenders, but also provide those running the business with a clear view of the impact of strategic decisions.
We provide bespoke business plan design and our financial models are flexible and fully integrated to ensure they stand up to scrutiny.
We explain the results in plain English and make recommendations to you based on their outputs and our understanding of your business.
What happens to you when you are gone is not something we can answer, but we can help you decide what happens to your assets and also plan effectively to protect your wealth from inheritance tax.
We provide bespoke estate planning and implement it for you in conversation and collaboration to take the morbidity out of protecting your legacy.
We’’ll work with you to assess your requirements and recommend the best finance system for your business and sector.
We’ll get you set up and prepare an integrated and standard management reporting pack that is in plain language, visually appealing and delivered in a timely and cost-efficient manner.