Family Business

All the partners in Griffin Chapman have extensive and specialised knowledge of the various legalities and practicalities that face family businesses, including husband and wife teams, and together we can help you with your requirements. To recognise this knowledge and experience we have established a Family Business Department

We keep up-to-date in connection with your legal obligations and also changes and developments that can provide exciting new opportunities. As a long established and proactive firm, we are fortunate to act for a number of thriving East Anglian Family Businesses. We understand the particular and often unique challenges that you face and are also committed to working with you to maximise each and every opportunity. Our experienced team will be delighted to assist with a broad range of services such as Succession Planning, Restructuring, Mergers and Acquisitions, not to mention preparation and filing annual accounts, VAT etc.

We host a regular Family Business Briefing and Reception, which will provide both a valuable and enjoyable update upon key relevant issues. Our full range of services to Family Businesses are as follows:-

Accountancy services

  • Accounts preparation for limited companies, partnerships and sole proprietor businesses
  • Audit
  • Corporation tax and business tax computations
  • Management accounts
  • Bookkeeping services including purchase and sales ledgers and VAT

Financial Forecasting

  • Profit, cash flow and taxation projections
  • Business plans
  • Devising and monitoring performance targets, budgets, etc
  • Forecasting of working capital requirements

Raising Finance

  • Identifying suitable types of finance and negotiating on your behalf
  • Preparation of financial proposals, sensitivity analysis, contingency plans etc

Business Advice

  • Board Consultancy Service
  • Access to our trained Commercial Negotiators for contract bids, property matters anddisputes
  • Representation at Commercial meetings by our Commercial Consultant
  • Independent Business Cost Reviews
  • Business Remodelling and Restructuring

Monthly Enews

We provide a monthly enews service, which keeps you up-to-date on the changes in business life and helps identify the areas affecting you that need further investigation.

Computer Services

We can advise you on the choice of accounting software for your business, provide training and system reviews.

Cloud Accounting

We are experts in popular cloud accounting solutions such as Xero, QuickBooks and Sage. We can help you transition to and utilise all the benefits of a cloud based accounts system.
For clients who require our assistance with ongoing book-keeping, accounting or general business advice, using cloud accounting platforms gives us shared access to live data, without the need for travelling or exchanging data backup.

We can access your accounts simultaneously and make adjustments, giving a higher level of support for you dealing with queries, solving problems and completing tasks. Please see our separate page.

Succession planning and retirement strategies

We will help you plan your business’ future, bringing in younger members of the family, maintaining the balance of control and financial stability for all concerned.

Payroll Bureau

We have a comprehensive payroll bureau service and can deal withyour payroll needs, including workplace pensions. We provide you with either online or security payslips, advise PAYE remittance and provide a full year end service with P60s.

Full Personal Tax Service

  • Personal tax planning
  • Self assessment tax returns
  • Estate and inheritance tax planning
  • Maintaining a Financial Lifetime File, containing details of powers of attorney, investments, indebtedness and an inheritance tax review.