Background

One of our clients wanted to concentrate fully on growing their graphic design business.

Solution

Haxton took on all aspects of running and managing the business finances.

At an operational level Haxton maintains the financial records, pays supplier invoices, prepares the VAT returns, produces the monthly payroll and assists with credit control and managing cash flow.

At a more strategic level Haxton produces the monthly financial reports for the business owners. Haxton meets the client regularly to discuss the financial performance and to help the business owner make commercial decisions aimed at improving revenue, increasing profit levels and generating additional cash.

In addition Haxton prepares an annual revenue and cost budget which is used to keep the business on track in terms of profitability and growth.

Haxton look after the Director’s personal tax affairs and communications with HMRC. This ensures that business decisions are made with the full understanding of any potential impact on personal taxation.

Results

By outsourcing the finance function to Haxton the client saved money by having the bookkeeping function, accounting, tax planning and professional advice all in one place and accessible throughout the year.