Accounting and tax services for London estate agents. Accounts and Legal help estate agents, letting agents and property investors in London grow their profitability through our programme of industry research.
44% of London estate agents are overpaying on property portals. Get in touch with us for a complete review of your property portal costs
Striking the right balance between company and personal taxation is one of the key financial challenges that face small business owners and entrepreneurs. Efficient tax planning is key to maximising cash generation and growth of your small business.
Tips on efficient tax planning for small businesses
Business plan for small businesses.Accounts and Legal London puts its’ managerial experience at the disposal of small business owners in order to create robust business plans and accurate financial models that will help them plan for growth and raise...
How to write a business plan - Accounts and Legal Blog
Small business accounting with practical commercial advice. Accounts and Legal London specialises in helping small business grow by providing expert accountancy and tax advice alongside real world commercial experience.
The benefits of working with an accounting firm that was designed to support entrepreneurs and small businesses
Entrepreneurs are not always aware of the various financing structures that may be available to them when raising new capital to finance their growth. And, even if they are, they are not always sure what fair terms look like when receiving term sheets from investors.
Issuing stock in your company is the route most entrepreneurs pursue, especially for growth companies where cash flow is difficult to predict, hence making it tough to forecast repaying debts. Equity is typically secured from angel investors or venture capital firms.
Advantages: Does not have to be repaid, like debt does. Gives certainty of valuation for your company, which can also be a disadvantage if the value is very low.
Disadvantages: The most complex to structure (highest legal bills, longest time to close). Usually involves giving some level of board control to investors.
For situations where you do not want to set an equity valuation (to not impede subsequent financings from other investors), or you simply want the option of potentially paying back the cash, for a period of time prior to taking in permanent equity capital, a convertible note is the way to go. A convertible note is a hybrid, part debt and part equity, where it functions as debt, until some point in the future, when it may convert to equity at some predefined terms. Convertible debt is typically secured from the same angel investors and venture capitalists that fund equity deals and is usually used for smaller rounds of financing at the early stages of a company’s life
Advantages: Much quicker and cheaper than issuing equity, both for legal bills (can close in weeks, not months) and ownership dilution (deferred until down the road and you can use the note proceeds to increase the value of your company). It leaves valuation flexible in order to meet the needs of subsequent investors. Interest payments do not typically need to be paid in cash each month.
Disadvantages: You have a limited time frame before it needs to be repaid, or convert into equity.
For startups with an existing product/track record or existing or future assets to secure a loan, venture debt is another option to consider. Venture debt is a senior secured loan that sits on top of the pile, in terms of liquidation preference (repaid before all other debt or equity holders). Venture debt is typically issued by more aggressive bank lenders, like Silicon Valley Bank and Square One.
Advantages: The least dilutive to your ownership, allowing you to keep 100% control and economic upside.
Disadvantages: Do not take this on if you do not have 100% visibility into repaying the loan, as the bank can force you to liquidate the company to recoup their loan, forcing the company (or yourself as guarantor) into liquidation or bankruptcy. Interest payments need to be paid in cash each month.
Employment Law advice for small business. Accounts and Legal London employment solicitors help small business owners avoid unfair dismissal claims by providing employment advice alongside our accountancy services.
Following the correct process in a redundancy situation is key for avoiding an unfair dismissal claim
Sharing your scoops to your social media accounts is a must to distribute your curated content. Not only will it drive traffic and leads through your content, but it will help show your expertise with your followers.
How to integrate my topics' content to my website?
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Creating engaging newsletters with your curated content is really easy.