Financial forecast or financial planning refers to an annual projection of income and expenses for a company, division or department. A financial plan can also be an estimation of cash needed and a decision on how to raise the cash, such as through borrowing or issuing additional shares in a company.
The following is a comprehensive list of all the financial planning services we offer:
- Accounting
We are well suited to assist any entity with the preparation of management accounts and financial statements. Well-maintained accounting records ensure that audit fees can be minimized and it is in this area that many businesses can improve.
- Business Analysis
Management is not always able to see the causes of performances (whether good or bad) within their business. We are suitably qualified to investigate the business situations and to provide consulting advices to management as to the reasons for the business performance and suggestions to improve weak situations or maintain good situations.
- Information System
Installing a new system not only involves computers but should also focus on numerous management issues. Much attention is given to understanding new systems to ensure that all internal controls are in place before they are implemented. We can prepare custom front-end applications to assist clients with reporting and other requirements not easily provided by standard software.
- Internal Control Systems
Many businesses fail because of a lack of strong internal control systems. A review of the internal controls within an organization will soon reveal the weak areas and we are well able to recommend improvements. Implementation of internal controls in a business is critical to the survival thereof.
- Statutory & Regulatory
Many legal requirements exist with regard to the formation of a new business. We are in a position to ensure that all new businesses are formed to meet all statutory and regulatory requirements (including tax) and to ensure that legal complications are avoided in the case of existing businesses.
- Strategic Business Planning
We not only assist new businesses in determining business strategies to suit their requirements, but also aid existing businesses which need re-engineering.
- Taxation
Tax planning is a complicated issue. The integration of various forms of taxation necessitates a comprehensive review of all tax matters in the business in order to ensure that taxation requirements are met and minimized. All areas of taxation are covered and include: income tax, employee tax, profits tax etc. A thorough knowledge of these taxes will ensure that advantage is taken of all opportunities to legally reduce your tax bills.
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