Our understanding
One of the most important things you need to do before applying for your Tier 1 Entrepreneur Guidance is to submit a business plan. This plan needs to describe the business you will invest in and projecting the future for that business. Naturally, assisting you with a successful business plan is out of the scope of work expected from your immigration attorney.
This business plan will become essential to you over the coming months and years. Not only will it provide the required documentation as part of your visa application, but it will also provide the first building blocks of your business and a map to your success.
How we can help
The team here at Wisteria have a thorough understanding of the requirements imposed by the Home Office and the relevant format and information that needs to be included in your plan.
What’s more, Andrew Millet and his team have been responsible for the production of over 500 business plans for a huge array of sectors. Some of the businesses we have worked with include a restaurant group, a bespoke shoe and boot manufacturer, and an architect.
We don’t use templates or business plan software. Instead, we put in the time to understand you, your business, and your motivations. We then establish what key variables exist that drive revenue and profit and write a plan bespoke to you.
Our business plans are formed of two parts. Both parts are required, and they involve:
A financial plan
We will produce a forecasted profit and loss account, balance sheet and cash flow. This is usually over a three or five year period.
A written plan
We will also produce a document that describes what your business is looking to do in the future. This takes in issues such as the available market, competition, operation, and details of the businesses key team members and their experience.
For more information on our business planning service or any of our other bespoke services, please contact us.
Meet the expert
Andrew has over 25 years’ experience in commerce and practice. After qualifying with Stoy Hayward (now BDO), Andrew moved into industry. Andrew gained commercial experience operating as a CEO and CFO of numerous successful companies in biotech, recruitment, media, technology and marketing.
Meet AndrewWhy choose us
While working on your tax affairs, we seek out opportunities. We aim to keep you fully in the loop, discussing developments and new options with you, as part of regular meetings. By developing long-term relationships with clients, our tax return services work alongside the tax advice we provide. We want to give you peace of mind that you are in safe hands, your tax return is dealt with in good time, and each opportunity is identified and implemented.
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Preparation of Self Assessment tax returns
A self assessment tax return is the method by which taxpayers report their income and capital gains to HM Revenue and Customs. Wisteria’s team of qualified specialists can confirm whether it is necessary for you to complete a return and Wisteria provides an efficient and professional tax return completion service.
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Income Tax and National Insurance Contributions (NIC) advice
If your tax affairs are more complicated, you will need to register for self-assessment and submit a tax return. If you would like help getting set up to submit Self Assessment tax returns or if you require more information about our tax services for individuals, contact us today.
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Inheritance tax planning and reviews
Tax planning is completed either when you have decided what you want to achieve in the most tax efficient way, or where you wish to simply review your affairs. Wisteria’s tax specialists will review your position and advise on the most tax efficient way to structure your affairs generally or advice on any particular transaction.
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Working with financial advisers to ensure you have an optimal tax and investment strategy
It is important to work with an accountant who you can get on with and feel you can trust. When selecting an accountant, there are many factors to take into account and many possible options available to you. Wisteria’s financial advisers can provide you with valuable advice on how to maximise your money.