Specialist Services

Starting a business involves crucial decisions that will affect your operations for years to come - from choosing the right business structure and understanding your tax obligations, to setting up proper accounting systems and ensuring you're compliant from day one. Getting these fundamentals wrong early on can lead to unnecessary costs, compliance issues, and missed opportunities that are much harder to fix later.

At Redwood Accounting, my business startup service guides you through every step of getting your venture off the ground. I can help you choose the most tax-efficient structure for your circumstances, handle all the registration requirements, set up your accounting systems, and provide ongoing support as your business grows. This means you can launch with confidence, knowing your business foundations are solid and you're positioned for success from the very start.

Capital gains tax is (broadly) a tax on the profit of something sold that has increased in value in your ownership.

Capital gains tax involves understanding your annual exemptions, timing disposals strategically, and knowing which reliefs and allowances you can claim to minimize your liability. Whether you're selling property, shares, or business assets, proper planning can often reduce your tax bill significantly, but the rules are complex and the opportunities are easily missed without expert guidance.

At Redwood Accounting, I can help you navigate these complexities and optimise your tax position. I can calculate your liability accurately, identify available reliefs like entrepreneurs' relief or principal private residence relief, and provide strategic advice on timing disposals to make the most of your available reliefs.

Rental property finances follow different rules to trading business. There are specific rules around what you can legitimately claim as deductible expenses, there are potential mortgage interest relief restrictions, and additional complexities around furnished holiday lettings, corporate landlords and HMO's. Getting your property tax wrong is easy and can be costly.

At Redwood Accounting, I can help you optimise your property tax position while keeping everything compliant. I'll ensure you're claiming all allowable expenses from repairs and maintenance to letting agent fees, help you understand how mortgage interest relief applies to your situation, and handle your property income calculations and tax returns. This means you make the most of your investment while avoiding the pitfalls.

Digital accounting software has transformed how we record and store our accounting data. However, without proper training, you can end up with messy data, missed opportunities for automation, and software that creates more work instead of less. Understanding how to set up your chart of accounts, use bank feeds effectively, and profit from receipt capture software can make the difference between software that helps and software that hinders.

At Redwood Accounting, I can get you up to speed with the digital tools that will streamline your record keeping. I'll show you how to set up your accounting software properly, automate routine tasks, and how to utilise control accounts to error check. This means you'll be confident using your chosen software and getting the maximum benefit from going digital, rather than struggling with technology that should be making your life easier.

Your accounting and business systems might be working, but that doesn't mean they're working efficiently - outdated processes, duplicate data entry, and missed integration opportunities can waste hours every week and create unnecessary costs. A comprehensive system review identifies where you're losing time and money, highlights automation opportunities, and ensures your various software and processes are working together rather than against each other.

At Redwood Accounting, my system review service evaluates your entire financial workflow to maximise efficiency and accuracy. I'll assess how your accounting software, payment systems, invoicing, and reporting processes integrate, identify bottlenecks and redundancies, and recommend improvements that will save you time and reduce errors. This means you'll have streamlined systems that support your business growth rather than hold it back, giving you more time to focus on what really matters.