Presizniuk & Associates - Services

The proprietors of many small businesses choose to operate as a limited company, for practical, legal and tax planning reasons. We have many such clients.

All companies must have a Company Secretary who will deal with legal and reporting issues arising from the Companies Acts, which govern how a company is run. Most business people will appoint themselves as Company Secretary but do not have the time or technical knowledge to fulfill the legal requirements. That is not a problem, since we can deal with all of this work for you.

Our services include:

• Company Formation
• Completion and submission of statutory forms
• Maintenance of statutory registers
• Dealing with appointment and resignation of officers
• Assistance with annual returns
• Drafting shareholder agreements

We can also offer our address as your registered office and can act as nominee Company Secretary on your behalf. Remember that by law, although a company only needs one director and one secretary, these roles cannot be filled by the same person.

Dividends: One benefit of operating as a limited company can be the extraction of profits by way of dividend.

You may decide that keeping your business records manually is not for you. If so, it is vital that you choose the most appropriate computer accounting package for the precise requirements of your business. There are many products on the market and each has its own areas of excellence and mediocrity. The key is to ensure that your chosen software is strong in the areas which are most important to you.

We can assist you to find the best solution at the most competitive price. Since we have seen many different combinations of business and accountancy software, we will have a clear understanding of which package will be suitable for your business. Our detailed working knowledge and experience covers:

• QuickBooks
• Simply Accounting 
• Your Accounting System

We are members of the QuickBooks Professional Advisers Program.

Most businesses need money in order to get started. Later, funds will be required to allow the business to grow and fulfill its potential. Typically you will have used bank overdraft and loan facilities but it is difficult for a new and growing business to raise additional finance without putting up personal assets as collateral. Even then, security alone is not enough – your bank will also want clear evidence that the business will be able to make the necessary repayments.

We can help you to provide that evidence by preparing monthly or quarterly management accounts and helping you to compile detailed business plans, financial budgets and cash flow forecasts. Additionally, through our network of close professional contacts we can assist you to obtain other forms of finance, including:

• Hire purchase and personal loans
• Sales invoice factoring and discounting
• Leasing and contract hire
• Venture capital and private investment

Raising finance for a business is not easy, but there are many different approaches that can be tried. We can help you to find the money that you need and ensure that it is provided in a form which is suitable and cost-effective for your circumstances.