Anna Wood Bridal Ltd

The couples previous Accountant had offered very little support when it came to tax planning, and whatever advice there was for this (a one-off meeting) was always charged for separately. They were also concerned over managing cashflow, particularly as they were looking to launch a second, brand new business.

To Nishi the idea of clients paying separately for tax planning was an alien concept as tax efficiency and planning are naturally built into everything they do, there’s no way that it could be separated out into a different service.

Nishi and the team at Northants Accounting helped to plan the launch of the new business, setting up Anna Wood Bridal as a limited company and helping them understand howthey were going to fund everything effectively.

The monthly cashflow planning service offered by Northants Accounting is the backbone of their financial strategy and gives Anna Wood bridal the opportunity to plan much further ahead and come up with effective ways to fund their growth. There’s a certain relief you feel by understanding what your finances will look like three years down the line and the value of this can’t be underestimated.

Nishi also explained how to transfer money between the two companies, allowing the them to prop each other up when cashflow was likely to be an issue for either one or the other. This wasn’t an easy task as we had to move and track money between companies, while also making sure there wasn’t a large tax bill building up.

Anna had already been using Xero accounting software for several years and knew what she was doing with it. Based on that knowledge the support Northants Accounting provided focussed on tidying things up and identifying the type of management information Anna and Aaron were looking for.

As a result, both businesses are growing steadily, and both Anna and Aaron enjoy the peace of mind that comes with having the opportunity to be proactive with their finances by forecasting both the good and bad times in advance.