As well as providing businesses across Liverpool, Manchester, the surrounding areas of Preston, Bury, The Wirral and the rest of the North West with high-class accounting, tax and advisory services, the chartered, certified accounts here at Williamson & Croft want to educate people on topics that relate to accounting, tax and VAT. So with that in mind, we’ve set up an FAQ page to help you find the answers to some commonly asked questions.
We hope you find what you're looking for on this page. However, if you don't find the answer to your question on this FAQ page or want more information about our accounting, tax or advisory services and how our team can help you, then be sure to get in touch online or give us a call on 0161 3990121 today.
Since our inception, this local firm has been passionate about giving expert advice with the goal of becoming one of the best accountancy service providers in Manchester, Liverpool and the rest of England and Wales. The end goal? To become a local accountancy firm that helps business owners increase their average profit, beat their competitors, implement firm foundations and reward their dedicated, hard-working teams while building robust businesses with a great corporate culture that supports everyone.
Who are Williamson & Croft?
To help clients succeed is our purpose, and we do this by driving growth through our expertise which ultimately creates financial success for our clients and their businesses.
We are an entrepreneurial firm of accountants and advisors and it is our mission to support clients with strategy, tax, reporting and advice to help them achieve their goals, outperform their competition, reward their teams and build robust businesses.
What We Do
Having a talented accountancy firm by your side can be a real game-changer for your business. Our expert advice and knowledge have a proven track record of helping lots of businesses achieve their stated aims.
Like other top accountancy firms, at Williamson & Croft, we endeavour to make sure you and your management team fully understand the parts of your business that are efficient and performing well while at the same time keeping you abreast of the elements of your business that are underperforming and need immediate attention to remedy it.
What Do Accountants Do?
There are several functions that the accounts team perform including, but not limited to, the following:
- Providing vital strategic advice.
- Developing strong systems and plans to reduce risk.
- Keep the business compliant and in check with current legislation and financial reporting obligations.
- Provide proactive advice to ensure you’re operating as tax-efficiently as possible
With all these important functions needing to be fulfilled you deserve a local accountancy firm that places you, your clients and your business, above all else. Well, that's exactly what you get with Williamson & Croft, an accounting firm that goes above and beyond and is guided by core values of responsiveness, shared responsibility and dependability.
Our experienced, perceptive and supportive team at Williamson & Croft can assist you and your management team by giving you the latest tax advice and offering insight on a whole host of different issues. Our team can calmly and, in plain English, navigate the complexities and unforeseen challenges that can arise.
From opportunities to risks, working with Williamson & Croft ensures you’ll truly understand the impact your decisions will have on your business.
Our vast array of experience places us in a unique position to help entrepreneurial and small businesses just as much as bigger businesses. This should put you at ease because you’ll know that when you work with Williamson & Croft on your tax affairs you’re working with a team that has seen it all, done it all and are excited to impart this knowledge on helping you.
Our Tax Services Include:
- Real Estate & Construction Tax.
- Transaction & Restructuring Tax
- Corporate & Business Tax
- Tax Investigations & Disputes.
- Private Client.
- Employer Solutions
- International Tax.
Growing a business and navigating a minefield of financial planning, a complex business model and trying to create a successful corporate culture is hard and sometimes it's nice to know there is a local firm who are there to shed some light and guide the way.
Here at Williamson & Croft, we understand, better than most of the largest accountancy firms (also known as the Big Four Accounting Firms) what it takes to grow a business, we have the first-hand experience of it.
Our team of business advisors can become integrated into your business, get under its skin and provide a detailed study of your current state of affairs.
Doing this helps drive your business forward with bespoke strategies as well as navigating the sometimes choppy waters of internal and external problems.
The operational approach that you choose to implement can have wide-ranging implications, it's not hyperbole to say that it's the difference between success and failure.
If you want a high national or global revenue size, an increase on your average profit or to avoid a financial crisis, you need practical business advice combined with real-world knowledge about the current environment your business is operating in and the ability to spot industry trends.
We offer three specialist types of advisory services here at Williamson & Croft:
- Strategy - We work with you to achieve business objectives by assisting with key decisions and providing experience and foresight about industry trends to help you make informed decisions.
- Transaction Advisory Services - Including advice on mergers and acquisitions, as well as ways to drive growth and improve economies of scale.
- Consulting - Helping you fill those gaps in your enterprise by providing expert support on financial forecasting, business plan creation and cash flow management to take things to new heights.
R&D Tax Credits
Research & Development presents a great opportunity for businesses to spend time creating and collaborating on exciting new projects. However, R&D can be costly in both time and money which is why R&D Tax Credits - where businesses can claim up to 33% of their Research & Development costs - can help you to advance your business in new and exciting ways.
R&D Tax Credits can help unlock potential in your business because it leaves you to focus on planning, designing and creating products and services, rather than costs & expenditure.
It doesn't matter what business your sector is in, R&D Tax Credits are available for every sector, so virtually every business can work with Williamson & Croft to claim back money they’re owed. Costs that can be reimbursed to your business include staff costs, subcontractor expenses, materials, consumables and software usage to name but a few.
For more information about starting your R&D Tax Credit proposal, take a look at our dedicated page then get in touch and let us help you claim back money that you’re owed.
Year-End Tax Planning
When you can see the end of the tax year on the horizon you want to ensure that you’re not missing out on reliefs that could impact your tax liability. With that in mind, it’s vital you plan ahead to ensure every possible relief is utilised.
A vital component of tax planning is to make sure that all possible allowances are utilised and that you don’t exceed thresholds unnecessarily.
The rates for 2019/20 are:
- Tax-Free Personal Allowance – £12,500.
- 20% Basic Rate (7.5% Dividends) – £12,501 to £50,000.
- 40% Higher Rate (32.5% Dividends) – £50,001 to £150,000.
- 45% Additional Rate (38.1% – Dividends) – Earnings over £150,000.
For more information on year-end tax planning check out our dedicated Tax Planning service page.
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Williamson & Croft is a market leading accountancy, advisory and tax firm with particular specialisms in property, construction, retail, digital and creative, technology and professional services.
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