Accountants Grimsby

Haines Watts Accountants Grimsby specialises in advising local owner-managed businesses in Lincolnshire and East Yorkshire.

Formerly known as McCrackens Accountants, established in 1926, the team in the Grimsby office has built a considerable reputation within the region. We provide all the conventional services you would expect from a leading accountancy firm but also many other specialist services including tax planning, VAT Accountants and Financial Services.

We provide high quality financial advice to local businesses and high net worth individuals. The Haines Watts brand represents a national network that delivers innovative solutions tailored to the needs of owner managed businesses and the people who own them.

Local Matters, National Strength

News

HW Humber Group Partners. Click picture for full news story

Funding for businesses

Is your business based in the Yorkshire and Humber region and in need of further funding?

Is your business profitable but unable to secure the required funding for existing operations or to fund any planned expansion activity?

Have you reached the maximum your bank is prepared to lend you?

If the answer to these questions is yes, we may be able to help.

We have assisted many businesses in accessing the funding they need. For more details or to arrange a no obligation exploratory meeting please contact Mark Stothard, Partner.

Our strengths

• Accountancy, Taxation and Financial Planning advice provided by one firm working in harmony with you to move your business forward.
• The quality of service and peace of mind achieved by using a Top 20 National Chartered Accountancy Practice.
• We pride ourselves on providing a partner-led service. The partner assigned to your business will be your main point of contact at all times. Our partners make it their business to understand what you want from your business, so that you receive the advice you need before you think that you need it.
• We will help your business expand and will be able to provide your business with the all the financial services it will need as it grows. We will also look after you as an individual and ensure that your personal financial future is healthy.
• We are a local firm with local partners who are committed to and involved with the local business community. They are available to meet you at your business and better understand you and your aims as your business develops.
• We hold seminars, provide topical information and business news updates regularly to ensure we keep your business up to date at all times. Our website is full of useful information and allows clients to see their own records in a secure client's only area. We actually believe in talking to people about things they need to know, in a way that they understand, at a time that is relevant.

If you're looking for accountants in Grimsby then please give HW a call.

Principal Services

Audit and Accounts

Our client audits are undertaken using the most up to date techniques, ensuring that the statutory objective is achieved efficiently and effectively, with minimum disruption to your business. We can also take care of all management accounting and bookkeeping needs.

Tax Planning

Your dedicated partner will hold regular meetings with you to ensure we identify tax planning opportunities. By bringing these to our clients' attention at an early stage we offer a proactive service which aims to preserve and increase our clients' wealth.

We have a technically strong and commercially aware team of specialist tax partners who constantly update their knowledge on changes in legislation.

Our philosophy is that taxation should be treated like every other business cost and should be controlled wherever possible in relation to both amount and timing.

Tax planning is about selecting the most effective route to achieve both business and personal objectives, we look to make this possible through regular meetings with our clients.

Compliance

The introduction of self assessment has transferred the burden of compliance firmly into the hands of the taxpayer together with the risk of penalties and chares accruing on missed deadlines.

We provide a personal tax return service and by adopting a pro active approach taking an overall look at your personal affairs we can highlight any opportunities available to you.

We have introduced comprehensive computer software to aid in advising and complying with all statutiry requirements which removes any concerns regarding compliance penalties, enabling our clients to focus on running their business. 

Business planning and consultancy

Some businesses may require more assistance than others. Whether it is assistance with management accounts preparation, payroll, company secretarial, I.T., or general advice and support, we have developed a range of services that complement your in-house expertise.

Corporate Finance

HW Corporate Finance specialists are all experienced professionals providing advice on acquisitions, mergers, disposals, MBO, MBI, pre-sale planning, strategic and business planning, refinancing, restructuring, improving profitability, start up funding, venture and development capital and due diligence.

Corporate Finance activities also include investment readiness, business planning and advice to established businesses and start upsincluding preparing business plans and financial forecasts, finance raising (loan, working capital facilities, asset finance and equity), specialist knowledge of lesser known options of grants and public sector backed loan / equity funds including Partnership Investment Finance, potential business sale acquirer identification, preparation of information memorandum, formal marketing process, transaction negotiation, strategic advice, business mentoring and coaching.

We approach each transaction and project with the intention of ensuring that the advice given is of the highest quality and meets with our clients' objectives. We are committed to providing a partner led, personal and proactive approach and have undertaken many different types of corporate finance projects across a wide range of sectors.

Financial services

We work closely with HW Financial Services Limited, which offers independent financial planning advice to our clients. Their local consultant will work alongside your client partner to provide you with a financial plan appropriate to your needs. Examples of services offered include: pension advice, tax planning, investment planning, life assurance, mortgages and partnership/key personnel insurance. For more information, and a comprehensive list of services offered, please click here.

HW Financial Services Limited are Independent Financial Advisers, authorised and regulated by the Financial Services Authority, which may or may not regulate the products and services mentioned above.

Stefan Palenski (Dip PFS CFP) - Financial Services consultant

HW Financial Services Limited offers independent financial planning advice to our clients. Stefan is their local consultant to provide you with a financial plan appropriate to your needs. Examples of services offered include: pension advice, tax planning, investment planning, life assurance, mortgages and partnership/key personnel insurance. For more information, and a comprehensive list of services offered, please click here.

VAT

We provide specialist VAT advice and have extensive knowledge on the listed topics as well as many years experience working with HM Customs & Excise, which enables us to give the best possible VAT service at a realistic cost.

Some of the specialist areas covered include:

• Assessments and Appeals - experience shows that many VAT assessments can be challenged with costs frequently recovered from Customs
• VAT Claims
• Property Transactions - obtaining the correct VAT advice is essential in respect of virtually all property transactions
• Partial Exemption
• Catering - we have advised many large catering organisations, obtaining significant VAT refunds on numerous occasions
• International Issues
• VAT Special Schemes

Our VAT team is on hand to provide advice and assistance with all aspects of VAT ranging from registration, compliance issues, changes to legislation, planning and structuring issues and investigations.

VAT Checklist

If the answer to any of the questions below is ‘yes’ the advice of a VAT specialist may be needed, for further information please contact us

• Are you contemplating acquiring, leasing, refurbishing, converting or disposing of either commercial or residential property?

• Have you received a VAT assessment for more than £1,000 in the past year?

• Have you received a penalty relating to VAT in the past year?

• Do you import or export goods with an accrued value of over £50,000 in a year?

• Do you have any unpaid creditors over 6 months old?

• Are you a charity?

• Do you provide tours (coach, train, air etc)?

• Are you subject to input VAT restrictions (partial exemption)?

• Do you operate any special VAT arrangements eg annual accounting, cash accounting, flat rate scheme etc?

• Do you have an unexplained difference between turnover in your accounts and outputs per the VAT returns?

• Do you have significant unexplained differences on the VAT creditor or debtor?

• If you are non-registered are there any potential circumstances that require consideration?     

Not-for-Profit

We know that the Not-for-Profit sector has unique characteristics which require specialist skills and we are confident in our ability to provide you with guidance to ensure your organisation fulfils its purpose while maximising its fund raising potential.

Clubs and Societies

Recent changes in the regulatory framework for clubs and associations have given rise to a range of new possibilities for some organisations within this sector.

Charities

Haines Watts provide audit services to over 150 charities and advise many more on issues such as SORP compliance, public benefit, VAT, tax-effective giving, trading, Charity Commission guidance, internal controls, trustee responsibilities and governance matters.

Students' Unions

There have been developments concerning the VAT treatment of the provision of live entertainments by Students’ Unions. A recent VAT Appeal case was lost by the Students’ Union concerned based on its own facts, but the issues concerned have been clarified in the process. This ruling can lead to potential VAT savings for the future.

It is believed that most Students’ Unions are entitled, under European law, to exemption from VAT in respect of almost all live entertainments events, providing the correct procedures are followed. ‘Live entertainments' can include bands, comedians, DJs who mix (rather than purely play records) and even karaoke! Consequently the majority of the entertainments income of Students’ Unions could be free of VAT if properly advised.

It is likely that in each case there will be an annual saving of a significant five-figure sum. We can assist you to put the correct procedures in place and to obtain HMRC agreement.