Special Offer

Hutchings Accountants Ltd are offering pharmacy owners the chance to get £1,500 off your first year’s accounting fees when you sign up with us for 3 years. Offer ends 30th June 2019 (terms & conditions apply).

Call Atif Butt on 01494 722 224 or email [email protected] for a FREE confidential discussion to see how we can help you.

Below gives a summary of the services we offer for pharmacy owners, sellers and buyers.

Pharmacy owners – Add value to your pharmacy

If you would like to develop your business we offer a FREE business health check, where we carry out a diagnostic review of your business and accounts, compare it to similar pharmacy businesses, and make recommendations on what steps you can take to improve your business and
increase its profitability and stability.

We also provide the following services:
• Improving your business value before sale
• Advising you on how to make your business more tax efficient
• Management accounts, cash-flow forecasts, business plans and bespoke reporting
• Setting up a MTD compliant cloud accounting system for bookkeeping that is tailored to your requirements
• Ongoing training, advice and support
• Giving you the peace of mind of a fixed monthly fee for all your accounting and bookkeeping needs
• We also work with a number of trusted partners with specialist knowledge of areas like wealth management, pensions, inheritance tax and wills and probate, and can recommend someone with the necessary expertise to assist you in these matters.

Pharmacy sellers – Maximise value & minimise your tax bill

If you are planning to sell your business we offer a FREE review of your tax position and accounts. If you have been approached by prospective buyers we will review the proposed sale structure to assess how tax efficient it is.
We’ve seen many cases where poorly structured deals have ended up costing the seller a lot, so even when you have already taken advice, getting a second opinion can be very valuable!

We also provide the following services:
• Working out the best way to structure your sale for tax purposes
• Tax planning for final year remuneration
• Advising on excess cash within the business
• Review of warranties in your sale agreement
• Preparing completion accounts and net asset estimates
• Preparing management accounts
• Working with your accountant on the sale
• Personal tax returns and minimising your tax liability
• Entrepreneurs’ relief – how to take advantage of this valuable tax relief

Buying your pharmacy – Getting it right!

If you’re considering purchasing a pharmacy business, we offer a FREE review of the target company’s accounts and the proposed structure of the deal to identify any potential tax or commercial issues that you need to be aware of.

We also provide the following services:
• Establishing the best way to structure your purchase, ensuring you understand the tax consequences
• Helping you understand the business, how it’s been valued, and assisting with the due diligence process so that you can have confidence in the figures in the accounts and the level of profits
• Helping to secure finance for your purchase through the preparation of business plans, cash-flow forecasts and other reports required by your lender
• Working with your solicitors to assist with the sale agreement, deal structuring, and the commercial and taxation aspects of the purchase so that it all goes as smoothly as possible
• Reviewing and advising you on information provided by the sellers’ accountants such as the completion accounts and net asset statements, ensuring these are prepared correctly and in line with the sale agreement
• Helping you set up a company vehicle for the purchase, providing tax planning advice and assisting with all your compliance needs

Terms & Conditions: Eligible clients will receive £1,500 off their first year’s accounting fees (for the preparation and submission of their business accounts and tax return for one accounting period) when they engage us as their accountants for a minimum of 3 years. At the point of engagement we will agree a fixed fee for the accounting services to be provided over the 3 year period, and the agreed charges will apply for the second and third year as long as there is no significant increase in accounting requirements. Any clients who utilise the offer but change accountants within the 3 year period will be charged the first year’s fees in full. Hutchings Accountants Ltd reserve the right to change the terms, conditions or availability of this offer at their discretion.