Making room for large annual savings

and improve company cash flow

Restaurant & Event Management: Financial Forecasting and Tax Planning

This client came to us after hearing about the wonderful work we did for another client. After previously working with another regional accountancy for accounts and Corporation Personal tax services, it was made clear that they had received no business advice. There was also no start-up and future tax planning in place.

The plan

After speaking with the client, we came up with a three-step plan:

  • Reduce tax bills for the business and owners to help increase cash
  • Identify ways to improve profitability and cash-flow due to a downturn in the industry
  • Review the VAT computation as there was no VAT claimed on the start-up costs

The first six months

In the first six months, we were able to perform monthly reviews that would save the client an annual tax saving of £16,500. Thanks to our financial forecasts, the client was then able to identify their savings and better plan for profit and cash flow for the year ahead. We also discussed the director’s key performance indicators and made note of potential areas where they could save.

During our review of management information, we could identify significant improvements to the accounting and reporting policies. Under the previous accountant, this has adversely distorted the trading position to the point where poor results were putting a strain on their relationship with the bank. From here, we could recommend and help implement a change in policy that would improve their financial accuracy, as well as help improve their relationship with the bank.

Client Feedback

“We are glad to have you by our side, we are really thankful for your support and work done for us which helped us to revive our business. Your professional advice has helped us to set the targets, manage the costs and meet the compliance requirements set by HMRC. “

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What our clients say...

Yes this chap has helped me with my accounts and has done a fantastic job Well recommended Very pleased with the outcome

Usman is highly professional, efficient & highly knowledgeable accountant. His effective tax consultancy and accountancy services had made us save and plan tax. We highly recommend him.

Highly recommended, he listens to his clients! I am extremely grateful for Usman’s sound advice and support over the last six months. I see him regularly at our networking group and one day I expressed my frustration of my then accountant. Usman offered to help with no obligation or payment, so I gave him access and I quickly realised he was going to be a great asset so I switched accountants in June this year. Usman liaised with HMRC to do a review of my accounts dating back to 2017. He kept me informed at all stages and ultimately it allowed me to free up cash to reinvest in the business. I am extremely grateful and can safely say Usman always has the client’s interest at heart and makes them feel at ease even when deadlines are due. If you are frustrated with your current accountant or you’re not getting strategic financial and business advice, I would recommend Usman in a heartbeat knowing your business growth is his primary objective. Thank you Usman, I am forever grateful and will continue to highly recommend you and your team!

Sayeed is a highly professional accountant, his effective strategy & planning saved me from paying a hefty amount of tax which I would have paid should I had not taken his advice.

I would highly recommend F&C Accountants

Mike is a very knowledgeable and professional accountant. He has been my accountant for a long time.

We would highly recommend Mike and his team for their exceptional services

I have been a client of Usman’s for many years. He is very professional and reliable always responds quickly to my queries. I can highly recommend his accountancy services.

I highly recommend Mr Usman Nazir as an accountant. His in-depth knowledge and experience helped me immensely and with my tax return. He quickly took the stress out of the process for me and worked through my finances promptly making me savings that I would have not been able to achieve by myself. I am very thankful now to be on his books as I know now I have his experience and input for the next time making the process so much easier.