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Covid Business Recovery

Cloud Accounting LLP will help your business survive and thrive during Covid by offering you a Strategic Recovery Plan which includes:

  1. IMPROVING YOUR BUSINESS MODEL
  2. UNDERTAKING A BUSINESS HEALTH CHECK & FINANCIAL PLAN
  3. IDENTIFY & PLUG FUNDING SHORTFALLS
Find out what Covid Business Support is available for your business

REVIEWING YOUR BUSINESS MODEL
• Consider existing market conditions and the possibility of new markets.
• Consider options to rebuild income streams.
• Consider options to reduce costs and implement efficiencies.
• Consider alternative supply chain options.
• Consider potential for synergies with other businesses.
• Assess financial and operational risks.
• Identify and prioritise key strategic issues impacting the business.
• Consider any further contingency planning should severe lockdown measures be re-introduced or further potential disruption as a result of the UK’s exit from the EU.

HEALTH CHECK AND FINANCIAL PLAN
• Provide details of historical trading performance and financial position for the last three years.
• Consider short-term cashflow needs and impending liabilities as a result of reduced trading, tax deferments or loan repayment holidays.
• Consider the wider working capital cycle, credit terms in the industry, the need to hold higher levels of stock than normal.
• Consider the current standing of key customers and suppliers and the potential to insure the debtor book.
• Consider options around the asset base such as the ability to liquidate surplus assets, the potential use of HP and sale & leaseback of premises.
• Provide three-year projections, including monthly profit and loss, balance sheet and cash flow statements. Excel versions of these documents should be included in the final report provided to the business.
• Provide details of key assumptions used in the projections and evidence that the assumptions have been challenged.
• Undertake a sensitivity analysis on the key assumptions identifying impact of these on the projections.

IDENTIFY FUNDING SHORTFALLS / DEBT RESTRUCTURING
• The Strateguc Recovery Plan should equip businesses to approach potential funders to seek funding/investment if necessary.

• The plan will identify funding shortfalls and make recommendations
regarding attaining additional finance and/or restructuring existing finance.
• Recommending additional debt consider key banking ratios such as debt
service cover and the potential for promoters to make a meaningful contribution toward the financing needs of the business.
• Consider alternative funding options and the potential for equity investment.

We simplify your accounting

Saving many businesses time and money, and giving them accurate, up to date financial information

Xero in action

We'll show you 3 simple steps

1. You raise sales invoices using the software we provide you

2. Take photos of receipts & purchase invoices on your phone

3. Answer our queries as we raise them (usually once a month)

We keep everything simple and straightforward at all times. 

CALL US TODAY TO SIMPLIFY YOUR BOOKKEEPING

Switching accountant is easy

Switching to our professional service is simple & stress free

Authentic, Collaborative, Professional Chartered Accountancy advice from £75 pm Click To Tweet

WE MAKE YOUR SWITCH TO CLOUD ACCOUNTING AS EASY AS 1-2-3

1) Pick a monthly fixed fee bundle (above) or WhatsApp us to discuss

2) We do all the admin for you 
3)  Optional staff training and online video support
Small businesses can be up and running in an afternoon
Chat with us, for free, under no obligation
WHATSAPP US IF YOU HAVE ANY QUESTIONS

Our Fee Levels

Transparent & Affordable Fixed Monthly Fees for Small Business Owners

Fees are agreed up front - you'll NEVER get a surprise bill from us.

Click below to arrange a no obligation Discovery Call

CLICK HERE TO BUILD A FEE BUNDLE

Choose from 3 different fee levels:

COMPLIANCE
  • Bookkeeping Oversight
  • Annual Accounts
  • HMRC Tax Return
  • Self Assessment

FINANCE MANAGER
  • As Level 1 PLUS:
  • VAT Registration & Returns
  • Management Accounts
  • Client Review Bi-Annually
  • Payroll
  • Auto Enrolment
  • Email, Phone & Zoom Support

VIRTUAL FINANCE DIRECTOR
  • As Level 2 PLUS:
  • Cashflow Planning
  • Budget vs Actual results
  • Key Performance Indicators reporting
  •  
  • Email, Phone & Zoom Support

ADD ON SERVICES
£ agreed upfront
  • Strategic Business Plans
  • Accountant's Certificate
  • Tax Planning Meeting
  • Specialist Advice
  • Systems Audit
  • Conversion to Xero
  • R&D tax credits
  • SEIS /EIS


 

REFER A COLLEAGUE AND BOTH OF YOU COULD EARN UP TO £1,000 EACH

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About us

#MakingBusinessSense

Cloud Accounting LLP are chartered accountants specialising in small business accounting services.

We started out as a traditional accounting firm focused on high quality service. Then, in 2011, we decided that we wanted to offer small businesses something different: all the time-saving convenience of an online accounting service, with the personalised service of a dedicated accountant. Cloud Accounting LLP was launched.

WHAT IT MEANS TO BE A CHARTERED ACCOUNTANCY FIRM

Unlike many other online accounting services, we are chartered.

To call yourself chartered accountants you must be a member of one of the Chartered Accountancy Institutes. We are a member of the ICAEW — The Institute of Chartered Accountants in England and Wales qualified to practice throughout the UK & Ireland.

Member firms must be headed up by an accountant who has a minimum of three years in-depth training, and has passed a series of rigorous examinations, regarded by many to be the sternest tests of business expertise in the world. (On top of that, ours has 25+ years of professional experience.)

We are subject to a strict code of ethics and are expected to work to the highest professional standards, complying with all relevant tax legislation.


OUR MISSION

Grow the wealth of small business owners ensuring great work life balance


OUR VALUES

We believe in proactive, innovative yet straightforward advice

Always act with integrity in the best interest of our clients

Continuously expand our knowledge to better serve our clients


WHY OUR CLIENTS LOVE US

Clients serviced professionally no matter their business size

Our deep understanding of finance & digital software


HOW WE ADD VALUE

Remove headache of ACCOUNTS & ADMIN to free your time

Run TAX CLINICS to get your tax questions answered

FOCUS SESSIONS to help shape your business journey

Consult on SOFTWARE to automate processes & grow sales


BENEFITS OF WORKING WITH US

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Follow #TaxTipTuesdays and #BizSoftware hashtags for bite size nuggets on how to grow your business, save tax and improve your work life balance

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CLOUD ACCOUNTING LLP

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ONLINE CHARTERED ACCOUNTANTS

BELFAST ADDRESS
Catalyst Inc,
Titanic Quarter
Belfast
BT3 9DT
+44 2895 219365


LONDON ADDRESS
New Broad Street House
35 New Broad Street
London EC2M 1NH
+44 207 971 1002

Name: Cloud Accounting LLP
Email address: richard@cloudaccountingni.com
Phone: +447868663538