Services
What We do
Accounting Services
Preparation of Financial Statements
Whether it is the annual year-end accounts or weekly management accounts, Carand Accountants are experts in producing high-quality financial reporting.
We are experts in the use of cloud accounting to enable seamless integration of systems between us and the client. We will work with you to implement a more streamlined accounting function for your business to enable more frequent reporting. There is no point in learning that margins are reducing a year after the fact. Up-to-date accurate reporting needs to be at the forefront of any successful business.
Outsourced Financial Controller Function
Some businesses require a full-time financial controller, and some don’t. Having management accounts prepared on a monthly basis can often be a more economical solution than hiring a financial controller.
Financial control in essence is about having accurate and up-to-date information on business performance. With the support of Carand Accountants we can help build an accounting function that will allow us to achieve this.
Tax Services
Individual Tax Services
At Carand Accountants we cater for a wide range of individual tax services. From personal income tax to gift/inheritance tax, and much in between, we will guide you through the potential benefits and pitfalls to be aware of.
Corporate Tax Services
We offer a full package of corporate tax services. As the list is extensive, please enquire for more details.
Financial Advisory
Sole trade or limited company?
This is a very common question I am asked. Both have pros and cons, and like most things, it depends on the particular circumstances. Please feel free to contact me if you would like to discuss further.
Group structures
A group structure can be a very useful way to protect assets in a business. For example, a business may have premises that are owned by the company. If, for example, the business was sued or the trade declined, then creditors, including Revenue and financial institutions, would force the sale of the premises to meet the outstanding debt. But if the premises were held in a separate group company, then it would be protected from a forced sale. This is just one example of many.
Support with loan applications / financing
Banks and credit institutions are increasingly seeking forecasting and projections when businesses are applying for credit. Through years of experience, we are experts at producing high quality forecasting and projections based on tangible information. Many agents will produce grossly overstated projected figures which usually fail to get past the first stage of the application process.
Cost versus benefit analysis
This question is the core of pretty much all business decisions. If I spend this money now, can I expect to reap the rewards at a later date? Is it better to purchases a vehicle myself or purchase it through a business? If I purchase this new machine will it benefit the business, both economically and through increased efficiency? How long will it take to breakeven on the capital expenditure? There are a lot of questions. We are here to help answer them.
Will engaging the services of Carand Accountants benefit my business? The short answer is yes, it will. How? Through having accurate and up to date financial information available to help with decision making.