An overdraft is usually the best way to finance a temporary or fluctuating cash shortage. Where a longer-term commitment is involved, a bank loan is often the easiest and most suitable form of finance.
The Government and the EC may provide financial assistance in some circumstances. This may take the form of cash grants, tax concessions, help with training or removal costs, subsidised rents and so on. Assistance schemes vary from year to year, from industry to industry, and from region to region.
There are many other possible sources of finance available, ranging from debenture loans to venture capital provided under, for example, the Enterprise Investment Scheme or Venture Capital Trusts. Alternatively, it may be possible to arrange finance from a merchant bank, a research foundation or some other financial institution.
When seeking a bank overdraft or loan, applying for certain types of government aid, or when you want to attract new investors or partners, you will need to present a convincing picture of your business?s financial condition and future prospects. A Demacks. Chartered Accountant knows what information is required and how it should be presented to have the best chance of success.
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Setting up in business | Legal Compliance | Keeping informed | Planning for profit | Raising finance |
| Managing growth | Buy, sell or merge | Minimising tax | Agreeing tax liabilities | Tax Rates 2015/ 16 |
Business start-ups, Accounts Preparation, Tax Planning and Advice, Tax enquiry and investigations, Personal & Business Taxation including Income Tax, Self Assessment Tax, Coming into/Leaving the UK, Inheritance tax, Capital Gains Tax, Corporation Tax, National Insurance, PAYE, Value Added Tax Advice and Company Secretarial services
What a Demack Chartered Accountant can do for you? Call 020 784 1122