Business advisory Services
Build a business you can be proud of
Planning is the best way to reach a goal if you want your business to match your ambitions. Shining a light on a path to success is something we do for clients who want their company to do more than just tick over.
We’ll build a clear course to your vision using forecasts, projections and regular business advisory sessions with you and your business partners.
Highlight your businesses credibility
We’ll include the best and most relevant information — multi-year financial projections; income forecasts; balance sheets; cashflow statements; capital expenditure budgets — into your plan, giving you an output you can take to lenders and investors to highlight your credibility.
We’ve designed our advisory service for all businesses — but if you’re going through a period of expansion or you’ve just started, it’s particularly effective for small and medium enterprises.
We’ll advise you on where you could be doing things better and incorporate these into your plan alongside your values and overall mission.
The best businesses can always find the ‘why’ and the ‘how’ — we’ll discuss all aspects of your infrastructure to make sure you’re doing things as best as you can be.
Interested in learning more? Find an accounting package that works for you.
What are you waiting for?
We’re so excited to work with you and your business – let’s talk whenever you’re ready.
Business services
Personal tax help
Online accounting
“They have helped me completely transform the way I run the finances”
“If you need accountancy services, look no further. I could not recommend Lumin any more highly. They have helped me completely transform the way I run the finances in my business and have helped me build my confidence in knowing the numbers.”
-Harri Halvon-Hardy
FAQs
Why is financial planning important in business?
Financial planning is crucial for the long-term success and sustainability of your business. It helps you set clear goals, manage cash flow, and make informed decisions that drive growth.
Here are key reasons why financial planning is important:
- Improves Cash Flow Management: It helps you anticipate income and expenses, ensuring you can meet financial obligations and avoid cash shortages.
- Supports Strategic Decision Making: Financial planning provides the insights you need to make smart decisions about investments, hiring, or expansion.
- Identifies Opportunities and Risks: By forecasting future financial performance, you can identify potential opportunities for growth or areas that need attention.
- Helps with Tax Planning: It ensures that your business is structured in a tax-efficient way, helping you minimise tax liabilities and avoid penalties.
- Secures Funding: If you’re seeking loans or investors, a solid financial plan demonstrates your business’s potential and financial health.
How do you measure business financial performance?
To assess your business’s financial performance, we focus on key metrics:
- Profitability: Net Profit Margin and Gross Profit Margin help gauge how much profit your business is making after claiming expenses and how efficiently you produce goods or services.
- Cash Flow: Monitoring cash flow ensures your business can meet its obligations and fund growth.
- Return on Investment (ROI): Measures the profitability of your investments.
- Debt-to-Equity Ratio: Assesses financial risk by comparing debt to equity.
- Liquidity: Current ratio shows your ability to cover short-term liabilities.
At Lumin Accountancy, we help track these metrics to provide insights that guide better business decisions and improve profitability.
Can I do my own business accounting?
Yes, you can do your own business accounting, especially if your business is small and your finances are relatively straightforward. However, as your business grows, accounting can become more complex, and mistakes may lead to costly errors or missed opportunities.
An accountant can help ensure your records are accurate, your tax filings are timely, and you’re taking advantage of tax-saving opportunities. At Lumin Accountancy, we offer flexible accounting services to support businesses of all sizes, helping you focus on what matters most – running your business.
How does accounting help in managing a successful business?
Accounting plays a vital role in managing a successful business, by providing clear financial insights that inform decisions and ensure smooth operations.
Here’s how accounting helps:
- Informed Decision Making: Accurate financial records allow you to assess your business’s health, make strategic decisions, and identify areas for growth.
- Cash Flow Management: Effective accounting helps you track income and expenses, ensuring you have enough cash flow to meet obligations and invest in opportunities.
- Tax Compliance & Efficiency: Proper accounting ensures you comply with tax laws and take advantage of tax-saving opportunities.
- Performance Tracking: Regular financial reports (e.g., profit and loss statements) help you measure performance and adjust strategies as needed.
- Budgeting & Forecasting: Accounting helps you plan for the future, manage costs, and allocate resources effectively.
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We’re so excited to work with you and your business – let’s talk whenever you’re ready.
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