Starting a new business requires careful planning and preparation. To increase your chances of success from the start, seek business advice and strategies from Finleys. Our expert advice is designed to help you make informed decisions, achieve strategic goals, and ensure sustainable growth.
Financial forecasting for new businesses:
Financial forecasting plays a crucial role in setting up a new business for success. By analysing industry trends, market conditions, and potential customer demand, you can estimate your sales and revenue projections. Although it may be challenging without a sales history, a well-researched sales forecast serves as a valuable tool for attracting investors and securing financing. Finleys can assist you in developing an accurate and realistic financial forecast that aligns with your business goals and sets a solid foundation for growth.
Expert guidance for informed decision-making:
Finleys’ team of experienced professionals offers invaluable advisory services to support entrepreneurs in making informed choices. We provide financial analysis, risk management strategies, and guidance on growth opportunities. With our in-depth industry knowledge and analytical skills, Finleys empowers you to identify potential challenges, seize opportunities, and develop effective strategic plans.
The value of professional accounting services:
Many business owners question whether they can afford professional accounting services, often unaware of the significant savings that can be achieved. Working with an accountant from the outset puts you in control of your finances and provides numerous benefits in the short, medium, and long term. By partnering with Finleys, you gain access to a range of services that include reducing tax spending, achieving positive cash flow, cost control, financial forecasting, and improved management reporting.
Navigating tax implications of crowdfunding:
Crowdfunding has emerged as a popular method to raise funds for new business ventures. However, it is crucial to understand the tax implications associated with crowdfunding campaigns. Unless the funding is of a capital nature, it is typically subject to income tax. Determining whether the funding is capital or revenue in nature can be complex, as there is no clear legal definition of donations or gifts. Generally, if the funding is connected to business activities, it is likely to be considered revenue. Finleys can provide valuable insights and guidance on the tax implications of crowdfunding, helping you navigate this aspect of your new business venture.
Finleys’ comprehensive advisory services, coupled with professional accounting support, provide you with the tools and expertise necessary to navigate the challenges and complexities of starting and growing your new business. Contact #FinleysFirst: firstname.lastname@example.org
Please note that these articles are to be considered general information sheets only and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information therein. Always contact one of your Finleys advisors for specific and detailed advice. Errors and omissions excepted (E&OE).