Prime Chartered Accountants is an independent firm of chartered accountants and business advisers spread across two locations – Coventry and Solihull.
We pride ourselves on our approach to servicing clients and ensure that we develop a good understanding of your business or organisation, in order to provide excellent ongoing support.
- Coventry, Solihull
|Address||5 Argosy Court, Scimitar Way, Whitley Business Park|
|Phone Number||02476 518 555|
Products & Services
Most people start a business because they have a good business proposition, and the enterprise and commitment to see it through, not because they are experts in the legal and financial aspects of running a business.
In fact, these matters can often seem daunting, and even off-putting, to the budding entrepreneur. The good news is that you do not need to be an expert in these fields to succeed in business. All you need is the support of a team of trained experts. That's where we fit in. Bring us your business ideas and we'll help you to evaluate them and put them into practise in a constructive and realistic manner.
A company's year-end falls on the anniversary of the month that it was first incorporated unless subsequently changed. To satisfy your statutory requirements, your company must prepare the appropriate sets of accounts and tax return each year. This will include a full set of accounts, an abbreviated set of accounts and corporation tax computation and return.
The minimisation of a company's corporation tax liabilities can help maximise the amount of funds available to reinvest in the business or to return to the shareholders.
Good quality records can tell you everything you need to know about your business, such as how much money you are owed and what you owe to suppliers, as well as monitoring your profit. However, incomplete, out of date records contribute to losing sight of cash flow which could easily result in your business failing but could also lead to incorrect tax returns and ultimately a tax enquiry.
Most businesses will agree that managing the payroll and understanding the ever-changing legislation that affects this function of your business can be frustrating and time-consuming. Prime Paysolve provides a complete payroll solution to take away as much or as little of this burden as you wish and is one of the few firms of accountants that is a registered BACS Bureau.
Value Added Tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. This is complicated further by different VAT rates, potential partial exemption and the administration for companies that wish to trade overseas both within and outside the EU. This complexity means that valuable in-house resources could be deployed elsewhere in the business.
There are many correlations between Sport and Business, the planning and discipline that goes into being a successful athlete is equally applicable to running a successful business. In our latest video we highlight the similarities and outline how Prime uses our simplifying business approach to help clients run successful businesses.