At LFM we work with clients from the very beginning throughout the growth of their businesses, adapting services as and when necessary. Drawing upon diverse experience gained from involvement across a broad range of organisations, we can work in partnership with you to develop your business to its full potential.
We can advise on the most suitable trading vehicle for your business start-up, be it a limited company, sole trader, partnership or limited liability partnership (LLP).
The next steps will be to develop a business plan with financial projections, after which we can help clients open bank accounts. All necessary compliance matters will be undertaken, as will the establishment of the right accounting systems, procedures and internal controls.
VAT Registration and Compliance
In any business deal or start-up you need to consider the VAT consequences. To avoid the sting of retrospective charges and penalties, it is essential to obtain comprehensive VAT advice. We aim to offer the appropriate advice on registration, compliance and planning.
Providing a bespoke service, we tailor the running of the payroll on a weekly or monthly basis to clients’ individual needs. Our payroll service is structured accordingly with relevant compliance matters dealt with alongside the provision of necessary documentation to employees, directors and bookkeepers. See our Payroll section for further details.
Bookkeeping and Management Accounting
Many businesses are unable to support the high cost of establishing a proper bookkeeping department and management accounting system. At LFM we will assess an individual clients’ needs when recommending and implementing an appropriate accounting system.