All the Benefits of an In-House CFO at a Fraction of the Price
Anne Lacaze, and her fellow directors, run their own limited company of patent and trademark attorneys and have been in business for 12 years with around 20 employees.
As a limited company with a number of shareholders that each receive remuneration for their contributions to the business, careful tax planning, and financial controls are an essential component of the company’s financial success.
With Anne at the helm of the company’s finances, it was down to her to steer the business in the right direction, exploit the best opportunities available to the company and achieve the best cost savings to result in the continued growth and profitability of the company.
Looking for guidance with these financial choices, the obvious solution for any business would be a CFO. Someone who can guide the company down the best path, weigh up each financial choice and present the risks, rewards, and recommendations for each one. Someone with the knowledge and know-how.
However, CFOs are an expensive luxury that would eat into Harrison IP’s profitability rather considerably. Instead, looking for an alternative, Anne began to search externally in hopes of securing the same support with a more budget-friendly price tag.
As any company would, Anne met with several accounting firms looking for the perfect combination of expertise, strategic thinking, resources, and capability. She found Catherine at BCT Accountants to be exactly what she was looking for.
Expertise in Tax Law
Right from the off-set, BCT Accountants were required to get to grips with every aspect of the company’s finances and offer guidance on a tax-efficient restructuring of the firm.
“We were looking for someone with full adaptability in changes in tax law and awareness of every potential benefit we should be exploiting.”
Financial Reporting & KPIs
Through the use of various accounting software tools, BCT Accountants provides accurate, up to the minute financial snapshots, KPI reporting, and subsequent strategic advice at any given time, meaning Anne was never in the dark. Full transparency. Full accountability. Full insight into your business at all times. All the perks of having a full-time CFO at your fingertips at a fraction of the cost.
“We are made aware of efficiency options available to us, and the risks, if any, in choosing one course of action over another, and we do exploit these proposed changes.”
Answers on Demand
“We were most impressed by the speed of response to our questions. When contacting BCT, it’s like speaking to a member of staff, always feeling like the best interests of the company are considered, as they would be by a CFO.”
“I would highly recommend BCT Accountants and have done on many occasions. Catherine is very on the ball and will share the benefits she recognises immediately.”
After going from strength to strength under BCT’s management over the past few years, BCT Accountants have also started preparing regular management accounts to ensure all the shareholders have regular updates on the company finances.
If you feel your company would benefit from more strategic and focused financial guidance, get in touch with Catherine on 01423 431889 or email her at catherine@bctaccountants.co.uk.
We offer a FREE initial one-hour consultation to listen to your needs and walk you through our services to determine which would best suit you. We pride ourselves on transparency and provide you with a price breakdown of each element of service we recommend, allowing you to pick and choose the solution that’s right for you.
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