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.
