Crompton & Co Review - Best Companies

Crompton & Co is available to assist you with any of your requirements. Crompton & Co offers a low-cost, high-value financial solution to all your needs.

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Crompton & Co is a Coventry-based accounting firm that provides accounting, taxation, business consultancy, and support services to businesses and individuals. They spend time getting to know you so that they can make tailored recommendations to help you grow your business and personal wealth.

Learn more in this Crompton & Co review.

Crompton & Co Overview

Crompton & Co was established in 1927 and has earned a reputation for offering great advice and first-rate service to both corporate and individual clients.

They deal with a wide range of clients in the local community, as well as small and large service businesses in a variety of industries, including:

Agriculture
Professions
Service sector
Construction
Manufacturers
Retailers

In addition to general accountancy, audit, and professional tax guidance, their specialist partners have specific competencies that allow them to provide clients with first-class service as and when required.

Because of their significant experience, they take pride in providing unrivalled service to all clients, regardless of size or field.

In addition to regular auditing, accounting, and tax services, they advise improving and growing your business. They can help you achieve your goals whether you need an integrated business strategy, corporate funding, or specialised tax advice.

Services Offered By Crompton & Co

Crompton & Co’s range of accountancy services include:

Business Startup

Most people who start a business do so because they have a good idea and the determination to see it through. However, they may not be experts in forming a business’s legal and financial aspects, and such difficulties might be scary.

You don’t need to be an expert in these fields to thrive in business, but you do need the assistance of a team of trained specialists.

Crompton & Co is here to help. Bring your business ideas to them, and they’ll help you turn them into reality. They will help you with:

Deciding if you want to operate as a sole trader, a partnership, a limited liability partnership, or a limited company;
Preparing a business strategy that includes cash flow predictions, budgets, and trade forecasts;
Assessing the financial needs, making recommendations for the best sources of funding, and drafting the appropriate proposals;
Establishing a positive working connection with your financial institution;
Completing any necessary registrations with Companies House and HM Revenue & Customs;
Taking care of the company’s secretarial needs;
Setting up a recording system for internal use as well as to meet legal requirements;
Helping with the purchase of computer hardware and the installation of accounting software;
Maintaining bookkeeping, VAT, payroll, and other accounting obligations; and
Assisting with all aspects of compliance and administration in the workplace.

Compliance Services

Crompton & Co provides a wide range of compliance services to aid in all aspects of corporate management.

They assist you by ensuring that your accounts are prepared appropriately, that your statutory books and other company secretarial records are current, and that all statutory returns are completed.

Their experienced team will relieve you of the regulatory burden, allowing you to concentrate on other elements of your business. To put it another way, they’ll make sure everything is in the proper format, at the right time, and in the right place.

Their compliance services include the following:

Statutory audits
Annual accounts
Company secretarial services
Payroll procedures
Tax returns
Grant claims

Consultancy and Systems Advice

Crompton & Co’s consulting services focus on your career and personal goals, and they take the time to get to know you better so they can provide the best advice.

Management consultancy

Crompton & Co’s management consultation service can look into your credit control, stock control, budgeting, and financial reporting systems, giving you complete control over these crucial parts of your business.

They can also help you with gross profit, cost control, and stock valuation concerns.

Appropriate management data will enable you to seize opportunities as they arise or spot problems early enough to take effective corrective action.

Information Technology

IT is one of the most significant resources available to any firm to achieve its immediate and long-term objectives.

Crompton & Co’s in-house IT team may offer advice on IT issues based on first-hand expertise gained through their systems and those built for other clients.

They could install software, train you, and help you get the most out of your system. Their expertise enables them to offer a diverse range of services, including:

Software selection
Hardware selection
Installation and training
Management reporting solutions
Payroll systems

Crompton & Co can assist you with computerising your accounting system to gain control over it. Crompton & Co can help you if you’re spending too much time setting up books, typing invoices, and chasing debts.

They can help you make the most of your IT resources by providing accurate and timely financial data that will help you manage your business more efficiently.

Using the correct accounting software will save you hours of labour time, allowing you to focus on the more essential areas of your business.

In short, whether you’re looking to invest in new technology, assess old systems, or outgrow your present resource, Crompton & Co can help.

Support Services

Crompton & Co’s support services, together with your business talents, will help your company grow, profit, and give value.

Management information

For a company’s long-term success, regular management information is essential. Crompton & Co collaborates closely with you to gain a thorough understanding of your company so that they can make ideas to assist you to enhance profits or develop and grow them.

They may prepare your management accounts weekly or quarterly, ensuring that you always have reliable and accurate data on which to base your business choices.

Payroll

Payroll processing can be time-consuming and complex, pulling resources away from more important activities at your organisation. Crompton & Co can assist you by installing payroll software and providing training to your personnel.

You can outsource this activity to reduce stress and provide more cost-effective solutions. They can offer a full service, regardless of your company’s size or complexity, or provide support as needed.

Bookkeeping

Crompton & Co can help you with all of your general bookkeeping needs, whether you’re at their office or not.

To develop your management data, you may require writing books or putting the finishing touches on bookkeeping systems.

If you don’t have a bookkeeper, Crompton & Co can cover for you or help you discover someone right for the job.

Business planning and forecasts

Every organisation must prepare for success, yet daily business demands frequently push the strategic planning process back.

Crompton & Co will ensure that financial predictions are helpful and reliable as part of any business plan. Their purpose is to help you focus on the future and figure out what you want to achieve.

Raising finance

Cash flow is essential to a business’s day-to-day operations and its long-term existence. Crompton & Co can use their significant experience to assist you in communicating with banks and other financial organisations.

Taxation

Crompton & Co’s purpose as tax advisors is to work with you closely to ensure that you pay the least tax feasible.

They’ll help you comprehend the tax implications of your decisions so you can plan and manage your business more efficiently.

Corporation Tax Services

Under Corporation Tax Self Assessment, the legal responsibility for establishing the company’s tax due resides on the firm owner (CTSA).

Crompton & Co understands the obstacles that owner-managed businesses confront, and they can prepare tax returns promptly and efficiently. They’ll also calculate your company’s tax liability and assist you with periodic payments.

Tax administration can eat up a lot of your time and money due to increased reporting requirements, tax authorities’ investigation procedures, and increasing fines for non-compliance.

Crompton & Co will help businesses reduce their tax risk and the administrative burden of complying with current tax legislation. Appropriate business tax planning can considerably boost your bottom line.

Personal tax (including sole-traders and partnerships)

Crompton & Co is a firm that specialises in income tax, capital gains tax, and inheritance tax.

Self Assessment

Crompton & Co has the skills and software to make filling out self-assessment forms and complying with regulations a breeze. They can provide you with sound advice on your tax situation and the various planning choices available to you.

They can help you create tax returns, calculate your tax liabilities, and choose when and how much to pay.

Personal Tax Planning

Individual responsibilities are growing more essential, and everybody subject to taxation needs expert advice and assistance to optimise their tax situation and meet compliance requirements.

Crompton & Co’s tax experts can help you with all aspects of personal taxation at any time of year.

Estate Planning

Several tax benefits are available, and the sooner plans are established, the more likely it is that people will fully utilise their complex tax system.

It is vital to establish suitable provisions when transferring an estate, and striking the right balance requires much knowledge, planning, and full awareness of the current tax situation.

Crompton & Co provides a discreet, comprehensive estate planning solution that includes:

Assisting in the preparation and revision of a will
Taking full use of lifetime transfer exemptions and lower tax rates
Making lifetime transfers between family members as efficient as possible
Agricultural or commercial property transfers
Putting assets into a trust
Obtaining appropriate life insurance coverage to protect against potential inheritance tax problems

They also understand how to work with trusts, a tax-effective and straightforward way to set aside assets for future beneficiaries outside of the inheritance tax net.

They can assist you in choosing the right type of trust for your needs, setting it up, and providing all the accounting services you’ll need for trust management.

VAT

VAT compliance can be a time-consuming administrative process due to ever-changing regulations and growing Customs & Excise expectations.

Crompton & Co can help you ensure that you follow the rules and don’t pay any overpayments. To assist you in managing this challenging area, they provide an efficient and cost-effective VAT service, which includes:

Assistance with registering for VAT
VAT planning and administration advice
Using the most appropriate scheme
Control and reconciliation of VAT
Assisting in the completion of VAT returns
Creating a plan to reduce future Customs and Excise issues
Negotiating with Customs and Excise in the event of a dispute and, if necessary, representing you in VAT tribunals.
Investigations by HMRC

Being the subject of an HMRC tax inquiry can be a terrifying and stressful experience. Revenue officers can now analyse cases on a sample basis, expanding tax investigations, thanks to the introduction of personal and corporate self-assessment.

Crompton & Co has significant experience in HMRC investigations, whether inquiries into an individual’s Tax Return under the Self Assessment scheme, more in-depth inquiries, or investigations into employer-related PAYE and P11d compliance.

If you are about to be the subject of an investigation, they can provide expert guidance and support.

Tax Protection

Given the rising likelihood of such investigations, it may be wise to consider acquiring an annual insurance policy to protect you and your firm from unexpected costs; such investigations will almost surely need more accounting work.

The case’s complexity will determine the amount of work required, but the cost might be substantial.

Crompton & Co Contact Details

You may contact Crompton & Co through the following:

Address: Crompton & Co, 8th Floor, Eaton House, 1 Eaton Road, Coventry CV1 2FJ
Phone: 024 7622 2385
Fax: 024 7655 5017
Email: [email protected]

Crompton & Co Reviews

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Summary

Crompton & Co has helped many of their clients expand and improve their businesses throughout the years. They offer a wide range of financial and commercial support services and continuing strategic advice.

Crompton & Co’s mission is to provide a competent, friendly, and cost-effective response to all of your accounting, auditing, and tax requirements daily.

They use their knowledge and experience to complete this work quickly and accurately and examine opportunities and foresee potential problems.

Crompton & Co aspires to become a valuable member of your team by getting to know you and your business at the end of this Crompton & Co review.

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