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Future planning

 Review and streamline

Our speciality is helping young or growing businesses to review systems and operations, finding where these can be streamlined and improved upon. All software is looked at with an unbiased view, as we know that accounting software is a tool of your trade, like any other and you should be using the best one for you.

 Helping develop your company

Once the right systems are in place, we can help with training or assistance in developing the company as a whole. We help in making sure the red tape is taken care of so that you are free to run your business as you want. Once you are up and running, we can arrange a meeting schedule to ensure that you are on track with your goals and targets.
With us, you won’t have a big shock at year-end, because our ongoing involvement and strategy will help you plan for your growth and we’ll make sure you know what’s coming.

Aviatrix Accountancy - Future Planning - Accounting software - Business woman talking to team

 FAQ’s

What is future planning?
This is a ‘catch all’ phrase for business planning and future growth as typically they go hand in hand.
What kind of software might be needed?
There are many software aids available for planning and many companies find them useful. They help you to plan and develop your business with the information that you put into them. They are a tool, however and won’t think for you. We still have to do the hard stuff!
When should I plan?
Planning and development are part of running any business, large corporations have whole departments dedicated to new ideas and directions to strategize growth. So, the simple answer is ‘all the time’.
Is business planning the same as project planning?
Essentially yes, you have an objective in mind, you work out the tools, cost, manpower and time needed to complete it, and plan your strategy accordingly. However, a project is usually short term, measured in months with deadlines in specific places, whereas a business plan is measured in years. Also, the deadlines can be blurred due to vague descriptions, such as turnover above £1M, or over 50 employees. In addition, there are outside factors, for example changes in staff and suppliers. You therefore need to consider what you want in broader terms and how you can overcome any obstacles to progress.
How does my accountant help?
Your accountant is in a unique position to help you and your business. By meeting to discuss your plans, your accountant can take an objective look at the business, use ‘SWOT’ and other methods to analyse and review your systems and financial activity, and then help you decide on a strategy with completion dates to meet objectives as well as setting deadlines for actions. Importantly, they can tell you what you are able to do: eg to change year ends, shareholders or types of financing, as well as what you should not do! Having these conversations in advance can save a lot of costs and additional work later.
In short, by setting a regular meeting schedule, you can discuss what has happened, where you are in relation to where you want to be, and plan the road to achieving success.
What about other business advisors?
There is a wide industry of business and marketing advice available. All good business advisors will have accountants to assist with the advice they give, and all good accountants will have recommended marketing and finance advisors who will supply specific help in how to market your product and finance your business. Sometimes it’s as simple as your website isn’t communicating your message properly to your audience.
Your accountant however, will let you know if it is your cashflow, suppliers or market that looks like the biggest threat or opportunity, so that you can approach any business advisors and ask them about a particular area which needs support. Please note that accountants cannot give financial or investment advice, equally your financial advisor cannot give tax planning and accounting advice. The best scenario is your accountant and your other advisors working together to help and support you.

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Compliance

Management accounts

Tax