Every business owner needs a team of professionals in the background who provide continuous support and advice. That’s what we are here to do.
Through years of commitment to our business clients we have developed a wide range of skills and services designed to improve business performance and profitability.
We don’t just produce your accounts we interpret them for you and offer informed opinions as to what decisions should be made to maximise future results.
We believe in building strong relationships and becoming part of your team. This requires regular information and contact which can be done through the provision of periodical management accounts to help you make important, timely business decisions.
We assist our clients through this stringent, regulatory process to ensure their financial statements comply with the latest statutory requirements.
Benson Wood Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org for the UK, reference C001763416 and www.cro.ie/auditors for Ireland, reference EWC001763416.
The Audit Regulations and Guidance and APB Ethical Standards that we are required to adhere to can be found at icaew.com/auditnews and https://www.frc.org.uk/auditors/audit-assurance/standards-and-guidance.
The last thing you want in your business is to have valuable time and resources tied up with routine bookkeeping. That's something we can do for you, either at your office or ours.
By discussing your specific requirements we can then set up appropriate accounting procedures and controls to ensure your accounts are kept up-to-date and compliant with statutory regulations.
Administering payroll is increasingly burdensome for many businesses, taking more time and resources away from core business functions.
Our experienced payroll team can offer a comprehensive service, which is good value for money when you compare it to the stringent penalty regimes that are in place for failing to comply with RTI and Auto Enrolment requirements.
The complex regime of regulations imposes a tremendous administrative burden on businesses and mistakes in calculating VAT can be costly.
Our team of VAT professionals will keep your affairs in order, make sure you are correctly applying VAT to each transaction and ensure that returns are made on a timely basis.
The Companies Act requires companies to submit various documents within strict time limits. Failure to comply can result in potentially severe penalties.
We can relieve you of the worry by helping with your Company Secretarial duties and ensuring all necessary documents are prepared and submitted on a timely basis.
It is essential to be proactive and plan ahead when dealing with corporation tax.
We can conduct a full tax review of your business which will help you minimise your liabilities by making the most of available reliefs, losses and deferment opportunities.
We will ensure your return is completed and filed on a timely basis to avoid penalties.
HM Revenue & Customs are increasingly active and effective in policing fiscal legislation, the selection of tax returns, payroll records and VAT returns for enquiry can have far reaching consequences for both your business and you. It’s our role to help you reach the best possible negotiated settlement in an acceptable timeframe, whilst minimising the disruption to you and your business.
The above can trigger significant and unexpected fees therefore we offer a low cost fee protection scheme to cover these unwanted costs.
There are a number of ways you can withdraw from your business and there are several tax implications in doing so.
An experienced member of our team can help with a workable succession plan, recommend solutions to minimise the tax liabilities.
Your business has a value and it’s ultimately what an independent buyer would be willing to pay. We will value your business for both internal and external reporting, helping you to maximise the value of your company should you be looking to sell.