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Accountancy Healthchecks

Whether you're a new client or a Crunch veteran you could benefit from a thorough review of your finances by one of our qualified accountants. An accountancy health check is the perfect opportunity for us to get under your company’s skin and identify efficiencies and improvements that you may not be taking advantage of.

The real benefit of this service is our senior accountants having the opportunity to really get to know and understand your business, and your future plans. So the topics highlighted below are only an indicator of what may feature in the service and are in no way exhaustive.

All health checks include a 45-minute telephone or online call with an accountant. At the end of the process, you will receive a ‘traffic light’ style report, with conclusions and recommendations for you to consider.

If you are a Crunch basic client, an accountancy health check costs £74.50 + VAT.

Crunch Plus clients can request one health check and Crunch Premium clients can request two health checks during their annual subscription year.

Topics that are covered in an accountancy health check:

Health check of the business by looking at:

  • Key accounting ratios (liquidity, profits margins, return on capital employed)

  • The efficiency of your income collection and payment of expenses processes

  • Major purchases and their tax and accounting implications

  • Material balances in the accounts

  • Implications of taking on more directors, shareholders and raising funds to grow your business

  • Your VAT registration details and if you’re on the right scheme – are you claiming back what you’re entitled in VAT?

  • Using your director’s loan account correctly and any possible implications for your tax liabilities

  • Expenses you currently claim for and what expenses you should/could also be claiming

  • How to take advantage of the more complex expenses you may not have considered. This includes advantages of having a company car or expense when working from home.

  • Tax schemes you’re not taking advantage of - for instance the Annual investment allowance and Research and Development tax breaks

  • Any risks around your status as a personal service company, or operating under IR35

  • Ensuring your business complies with the Government’s auto-enrolment pension rules

  • Looking at your future plans and how this will affect your business

  • Access to our specialist financial services providers should you need them.

Last Updated: 29 Oct 2019 11:49AM GMT
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