Beavis Morgan is the specialist accounting, tax, restructuring and business advisory group for owner-managed businesses and entrepreneurial thinkers.
Everything we do is focused on delivering this through experienced professionals who will ensure that your expectations and requirements as a client are met or, as clients often tell us, are exceeded. We work hard to provide quality advice, tailored to your circumstances. Understanding you, your family, your business, and your ambitions is central to what we do. We won’t try to blind you with technical data or jargon. We aim to provide a top-level service in down to earth, commercial terms. And we realise that dealing with accountancy and tax issues is probably not high on your list of favourite activities. So let us take care of the important financial housekeeping, thereby freeing up a little more of your time to concentrate on continuing to build your business. As a team of accounting and tax professionals we have a long heritage of working in the City of London. We have been working with some of our clients now for over 40 years. As highly qualified professionals, we also put great emphasis on continuing to develop our own team. And, in order to provide you with the best advice and efficient solutions, we make use of the latest technology available. This is just one small way in which we ensure that we really are effective business problem solvers.
Research and Development tax credits can often be claimed in far broader areas than thought possible. Loss making companies can even claim back tax they haven’t paid in the first place.
At Beavis Morgan, we have recently made substantial successful claims for an advertising business that had developed a workflow and project management software programme and a media storage company that had developed a unique system for logging, storing and organising digital and analogue media files.
We discussed the underlying technology with both companies and extracted the relevant financial information from their records to compile robust claims that were accepted by HMRC, giving them tax breaks for investing in research and development.
The quantum of possible repayments (up to 33% of expenditure) can be a useful source of funding – particularly for early stage or pre-revenue companies where banks and investors can be somewhat reticent.
Turbulent financial times have caused cash flow difficulties for many professional firms. Our client, a ten-partner firm, was having difficulties maintaining an acceptable drawings policy.
As a result, we reviewed the case and it was clear that a change in accounting date would assist in deferring tax liabilities.
This change, coupled with optimisation of capital allowance claims, substantially improved cash flow and permitted an enhanced drawings schedule at no cost to the LLP.
We also took the opportunity to restructure the capital base of the firm. This allowed fixed share partners to access capital at favourable rates, tax efficiently, whilst satisfying current HMRC rules on partners’ remuneration status.
For many of our clients, a major challenge is to recruit and retain quality teams that will drive their businesses forward. In recent years companies have had to become more resourceful in how to keep these teams together, as the challenging economic environment has made traditional methods, such as bonuses, more difficult for companies to afford.
At Beavis Morgan, we have put in place a number of Enterprise Management Incentive schemes for our clients.
One that particularly stands out is a client who, despite solid profits, was struggling for cash flow. In order to keep their team together, they offered HMRC Approved Share Options. This involved no initial cash flow outlay by the company, but ensured that the employees were able to participate in any profits derived from the founder shareholders’ planned future exit.
The team is now more focused on delivering growth and equity value, as they will participate in any strategic exit or listing.
Beavis Morgan – un groupe de conseil, specialisé en finance, comptabilité et restructuration d’entreprise pour entrepreneurs et dirigants d’entreprises patrimoniales.
Tout ce que nous faisons est axé sur la livraison de ce par des professionnels expérimentés qui fera en sorte que vos attentes et vos besoins en tant que client soient remplies ou comme nos clients nous disent souvent sont dépassés.
Nous travaillons dur pour stipuler des conseils de qualité qui sont adaptés à vos situations. Au centre de ce que nous faisons est consacré à comprendre vos besoins, votre famille, votre entreprise et vos ambitions.
Nous ne tenterons pas de vous aveugler avec des données techniques ou de jargon. Nous visons à fournir un service de haut niveau et nous comprenons que les complications de comptabilité et fiscale ne sont probablement pas à la tête de votre liste d’activités préférées.
Donc, laissez-nous la tâche d’occuper les besoins de la comptabilité et ainsi libérant un peu plus de temps pour développer davantage votre entreprise. Comme une équipe des professionnels composée des comptables et conseillers fiscale, nous avons une longue tradition de travailler à Londres. Nous avons travaillé avec certains de nos clients depuis plus de 40 ans.
En tant que des professionnels hautement qualifiés, nous avons également mis l’accent sur le développement continuel de notre équipe. Et, afin de vous donner les meilleurs conseils et solutions efficaces, nous faisons usage des technologies-avancées. Ce n’est qu’un petit moyen où nous assurons que nous sommes vraiment efficaces à trouver les solutions pour des problèmes d’affaires.