Goringe Accountants

Compliance work that keeps the paperwork accurate

Goringe Accountants, with offices in Reading and London, describes its core compliance work as the professional services that help businesses manage their financial affairs. These include the preparation of financial statements, tax planning and tax preparation, bookkeeping and payroll processing. The firm says these services together give accurate financial reporting, reduce financial risk and support decisions based on reliable figures. It presents itself as a practice that plans ahead rather than only reporting what has already happened, and it works with ambitious UK businesses that want proactive tax strategy and financial forecasting.

Statutory and non-statutory audit through a sister practice

Audit work is handled by Goringe Auditors, which the firm describes as its sister practice. It covers both statutory and non-statutory audits. The firm says it can take the strain out of statutory requirements, and it describes its audit work as one of the services it offers alongside accounts and tax.

An outsourced finance department for owners short of time

For owners who would rather not run their finance function in-house, the firm offers to take over the administration and manage it. This includes a full payroll service for employees and for CIS subcontractors, and a management accounts service that produces a detailed accounts pack with regular reviews of the figures. The firm notes that administering finances can be time-consuming, and the outsourced arrangement is intended to hand that time back to the owner while a professional handles the work.

Buying, merging and selling businesses, and choosing a structure

Business advisory work helps clients who are buying a business, merging with another, or selling their own. The firm also advises on the legal structure a business should use, naming sole trader, partnership, LLP and limited company as the options clients may consider. Tax efficiency runs through this advice: the firm says it can assess a business's tax efficiency and relieve owners of the administrative burden of complying with tax legislation.

Share schemes and tax-efficient investment in smaller companies

Share schemes form another part of the offer. The firm describes EMI schemes as a proven incentive for employees, and it explains SEIS and EIS as high tax-efficient ways of investing shares in smaller companies. For a growing business that wants to reward staff or attract outside investors, these are areas where the firm's advice sits alongside the day-to-day accounts.

Succession planning and exits for business owners

The firm's most recent addition is a suite of succession planning services, developed with Goringe Consultancy and The Business Board. Succession planning, as the firm describes it, is a plan for transferring ownership and leadership so that a business continues to grow after its owners retire, become incapacitated or die. A sound plan identifies potential successors, sets out the transfer of ownership, establishes a timeline and deals with tax and legal issues. The firm says that starting early leaves enough time to train the successor. Within this area it lists business advisory for owners considering an exit, management buyout advisory, business acquisition finance, funding for growth, business brokerage for owners who wish to sell, and a set of businesses currently for sale.

Accounts for software firms, estate agents and solicitors

The firm says it offers accounting packages suited to particular sectors, including IT solutions, software vendors, cloud hosting companies, recruitment agencies, estate agents and solicitors. It argues that an accountant who knows a sector's regulation and market gives owners confidence that their affairs are handled by people who understand their goals. The tax planning, financial reporting and cash flow management it provides are shaped to the requirements of each of these sectors.

Goringe Accountants is an accountancy and audit practice with offices in Reading and London. It works with ambitious UK businesses and stresses forward planning and forecasting rather than only reporting on the past. Its sister practice, Goringe Auditors, covers statutory and non-statutory audits.

What Goringe Accountants offers

• Compliance: financial statements, tax planning and preparation, bookkeeping and payroll.
• Audit: statutory and non-statutory audits through Goringe Auditors.
• Outsourced finance department: payroll for staff and CIS subcontractors, plus management accounts with regular reviews.
• Business advisory: support with buying, merging or selling a business, and advice on business structures.
• Share schemes and tax relief: EMI schemes, SEIS and EIS.
• Succession planning: with Goringe Consultancy and The Business Board.

Who it serves

Growing UK companies, including owner-managed and technology businesses.

Key facts

• Offices: Reading and London
• Sister businesses: Goringe Auditors and Goringe Consultancy