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1.
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Have you considered strengthening or improving your business cashflow
?
(If you are not sure, answer yes)
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Yes
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No
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2. |
Have you recently
carried out a comprehensive review of their debtor collection policies
and systems ?
(If you are not sure, answer no)
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Yes
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No
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3. |
Would you like additional help to beat the recession ?
(If you are not sure, answer yes)
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Yes
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No
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4. |
Do you make the
most of direct debits and standing orders to ensure that you get paid
more quickly and with less hassle ?
(If you are not sure, answer no)
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Yes
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No
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5. |
Would you like to
be shown how to improve your business Performance through a Measurement
and Improvement system ?
(If you are not sure, answer no)
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Yes
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No
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6. |
Have you produced
a One Page Plan based on your performance on a weekly/monthly basis
?
(If you are not sure, answer no)
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Yes
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No
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7. |
Would you like
to improve your gross margins ?
(If you are fairly sure this is not likely to be the case answer
no. Otherwise answer yes). |
Yes
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No
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8. |
Would you like to
be shown how through benchmarking you could be able to increase your
profits in comparison to other similar Companies?
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Yes
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No
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9. |
Would you like some ideas to help reduce your tax bill ?
We have a simple checklist with over 50 mainstream tax saving opportunities. (If in doubt answer yes) |
Yes
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No
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|
10. |
If you are currently
unincorporated, could you save tax by incorporating ? Yes No
(NB: You can discover the answer in 2 minutes by using the AVN Incorporation
Tax Planner software) |
Yes
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No
|
| 11. |
Are your shareholders
thinking of selling their company in 1-3 years, and is pre-tax profitability
at least £200,000?
(If the sale is likely to be within 12 months then please answer no
to this question, and yes to the question ‘Selling your business
within 12 months’).
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Yes
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No
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12. |
Is the business
planning on expanding by launching a major new project, service or
division ?
(If you are not sure, answer yes)
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Yes
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No
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| 13. |
Are the shareholders
thinking of selling their company within the next 12 months, and is
pre-tax profitability at least £200,000 ?
(If the sale is likely to take place more than 12 months then please
answer no to this question, and yes to the question ‘Selling
your business in 1-3 years’)
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Yes
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No
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14. |
Are you a limited
company with profits that they want to distribute (eg. As a bonus
or dividend) ?
If you are a Limited Company, but you are not sure about whether they
have profits to distribute, answer yes)
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Yes
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No
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15. |
Do any of your directors
have an overdrawn director’s loan account. (ie. Do they owe
the limited company money)
(If you are not sure, please check – since the firm has a professional
responsibility to find out and advise accordingly).
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Yes
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No
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16. |
Are you a Limited
Company with pre-tax profits in excess of £500,000 that you
want to retain within the company ?
(If you are fairly sure that this is not likely to be the case, answer
no. Otherwise answer yes).
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Yes
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No
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17 |
Have you spent at
least £300,000 buying, extending or improving a commercial property
– or are you about to do so in the future ?
(If you are not sure take a quick look in the fixed asset notes to the last few sets of accounts. If you don’t have time to
do that, answer no, and revisit the question in more detail next time). |
Yes
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No
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18. |
Is it likely that your company could be classed as an investment company as a result of surplus cash resources or investment
assets on the balance sheet ?
(If the company owns investment property, or has cash and bank balances exceeding 10% of the balance sheet value, or the
Income arising from the property or cash exceeds 10% of the company profits then answer ‘yes’. Otherwise answer ‘no’
(If you are not sure answer no).
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Yes
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No
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19. |
Have the key stakeholders
all seen a first class independent financial advisor in the last 12
months ?
(If you are not sure answer no).
|
Yes
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No
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20. |
Are any of the stakeholders
individuals with total taxable income or capital gains from any source
of at least £100,000 ?
(If you are not sure, but think it possible, answer yes).
|
Yes
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No
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| 21. |
Is it likely that
the you, your parents, or any other close family members, have more
than £13,500 in capital (including the value of their home)
and may need home assistance in the next few years ?
(If you are fairly certain that this is not the case answer no. Otherwise
answer yes).
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Yes
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No
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22. |
Have the key stakeholders
produced a personal balance sheet to summarise their personal wealth
?
(If you are not sure answer no)
|
Yes
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No
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23. |
Is your household income below £58, 175?
(If you are unsure, or it there is a possibility that their household income may fall below this level then answer yes,
Otherwise
answer no).
|
Yes
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No
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24. |
Is it possible that
over the next few years they may buy a house or other residential
property worth more than £500,000 ?
(If you are certain that this will never happen, answer no. Otherwise
answer yes).
|
Yes
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No
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25. |
Are you a sole
trader with a mortgage on your home ? |
Yes
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No
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26. |
Is it likely that – if you add in the value of all their possible inheritances from parents etc, plus the eventual value of their business,
home and other assets, including those owned by their husband/wife/civil partner – the eventual value of their estate will be more than their IHT allowance ?
(Only answer no, if you feel that it is very unlikely that their estate will ever exceed their IHT allowance).
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Yes
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No
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27. |
Have you suffered Capital Gains Tax at 20% or more in the last three years and/or do you have savings of more than £10,000 ?
(If you suspect the answer to either part of the question is yes, answer yes. Otherwise answer no.
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Yes
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No
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28. |
Are you certain
that you have a valid Power of Attorney in place ?
(If you are not certain answer no).
|
Yes
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No
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Thank you for completing the
questionnaire, we will produce the report
and contact you within 48
hours to talk through areas where we
may be of assistance. |
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