Supporting Business Growth
The goal of many franchise and franchisee businesses is to develop into an organisation, with several profitable outlets. At RA Accountants, we aim to help you with the day-to-day running of your business as well as support you in your long-term expansion plans.
Tax and accountancy services for franchisees
We provide a full range of core accountancy, taxation and payroll services to franchisees:
- Personal tax advice
- Preparation of your self-assessment tax return
- Advice on self-employment
- Advice on allowable expenses and capital allowances
- Advice on National Insurance
- Advice on accounting software
- Bespoke financial review
- Purchase and Sales of a business
- Advice on business growth and strategic planning
- Financial management of single/ multiple units
- Tax negotiation with HMRC
- Advice on planning your long term business exit strategy and succession planning
- Inheritance Tax planning
Specialist bookkeeping package for franchisees
We have developed a specialised bookkeeping package for franchisees which includes:
- Double-entry bookkeeping
- Bank reconciliations
- Credit ledger
- Debtors ledger
- All other control accounts
VAT services for franchisees
For VAT registered franchisees we can also offer VAT services including:
- Completion of your regular VAT returns
- Negotiations with HMRC to reduce your VAT assessment
- Where appropriate, assisting your cash flow by negotiating a payment plan
A complete payroll package
We also offer a payroll package which includes:
- Production of payslips
- Tax Office Registration
- Calculation of tax and National Insurance Liabilities
- Compliance with statutory sick pay, maternity pay regulations
- Employer Compliance Issues, such as P11D Returns of Benefit in Kind
- Submission of Annual P60/P14 to HMRC
Get in touch with the RA Accountants team
Whether you are new to franchising or an establish franchisee business looking to expand, please do get in touch with our specialist franchise team at RA Accountants. To kick start the process, we are very happy to offer a complimentary, initial online consultation with Riz Akhtar, Partner at RA Accountants.
What our clients have to say about us
- Franchise
Daljit Nahil
PadelHaus
“If you are looking for an accounting firm or even a small piece of accounting advice I would definitely recommend that you give RA Accountants a call.”My name is Daljit Nahil and I live in Coventry. Over the past 26 years my main business has been Subway, I ran 10 franchise stores but also worked for Subway HQ as a Business Developer (selling franchises and getting new stores open). Alongside my main business I have developed a small property portfolio together with my wife, Raj Bhangal, who is a self-employed lawyer.
I am currently in the process of developing a couple of Padel Tennis centres, I am very excited about this new venture as this is also my favourite hobby!I met Riz from RA Accountants about 17 years ago at a conference and I was aware that a few of my Subway colleagues already used his company.
I was very impressed with his passion, knowledge and drive and it was not long before I decided to move my affairs to Harrow. Ever since I have found everyone at RA to be very proactive, responsive and very professional. RA Accountants deal with our Accounting, VAT, Payroll, Tax Planning, IHT and are always available to provide general advice too.
If you are looking for an accounting firm or even a small piece of accounting advice I would definitely recommend that you give RA Accountants a call.
