Business start ups – Get free advice

Setting up a new business can be a stressful time, as there are lots of questions to which you probably do not know the answers.

• How shall I set up? As a sole trader, partnership, limited company?
• What accounting date should I have?
• Should I be registered for VAT?
• Should I register a PAYE scheme?
• and more...

For a free initial meeting, contact Michael Fagelman on 01329 821900.

Consolidate Your Accounting Services With Us

• Preparing Accounts
• Tax Accounting
• Management Accounts
• Payroll
• Book Keeping
• and more...................

IT Contracting

For further information contact MFA Chartered Accountants and Insolvency Practitioners based in Fareham, Hampshire and covering Portsmouth, Southampton, Havant, Locks Heath, Petersfield, Waterlooville, Horndean, Titchfield, Lee-on-Solent, Emsworth, Park Gate, Warsash  and all surrounding areas. Please call MIchael Fagelman on 01329 821900

Accounts Preparation

Your accounts might be incomplete paper records residing in a couple of plastic carrier bags, immaculate computer records or something in between.

You may need regular accounts prepared, so you can keep a focus on your cashflow situation, be in the process of trying to obtain finance, or need your annual accounts prepared for the Inland Revenue.

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Book Keeping

We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts.
Our first step is to work with you so we can gain a full understanding of your business. We then tailor our approach to your requirements so we can provide exactly the service you need.

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Audits

For periods commencing on or after 6 April 2008, the threshold for a company requiring an audit is £6.5 million. Where there are several non related shareholders in a company we would recommend an audit.
Though business owners traditionally regard the annual audit and preparation of annual accounts as a necessary evil that adds no value to the business - we strive to provide some benefit to the Company.

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Bankruptcy

Bankruptcy is an option that often has to be considered when an individual cannot pay their debts as they fall due. A first time bankrupt with debts will generally receive their discharge within one year after the date of the bankruptcy order.
Although bankruptcy has a bad stigma and is publicly advertised, it should always be considered when dealing with individual insolvency cases.

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Business Plans

More and more people are now starting their own businesses , having either come up with agood idea for a new venture or tired of working for other people. Most who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through. However, they are not necessarily expert at the legal, financial, and fiscal aspects of running a business.

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Attending Business Meetings

We can accompany you to your finance house if you are seeking finance, additional finance or renegotiating terms. Where required, we can also attend your business meetings as a non-executive director, either as additional support or as a firefighter when tough talking needs to be done.

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Tax Compliance and Planning

Business tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.

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Management Accounts

Offering an invaluable tool for running a business, Management Accounts can be prepared on a monthly, quarterly or half-year basis. Whichever you choose, our assistance will put you in the stronger position of knowing exactly what is happening at the very heart of your business.

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Insolvency

• Debt Management
• Bankruptcy
• IVA's
• Liquidations

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