Business Challenges
Often the biggest business challenges facing Scottish SMEs can be overcome by commitment, dedication and great ideas. Successful business owners have all three in abundance. But, they know when to seek specialist knowledge in accountancy and finance from advisors like Consilium Chartered Accountants.
Supporting Scottish SMEs to overcome business challenges
Financial insights, expert advice and fresh perspectives are key to overcoming business obstacles that cannot be resolved internally. The recent Scottish Small Business Survey and research by the Federation of Small Businesses highlighted several common obstacles to growth for business owners in Scotland, including:
- Getting tax right across corporate tax, VAT, PAYE, and NI requirements
- Retention and recruitment of staff through initiatives like employee share incentives and remuneration planning
- Managing and mitigating against rising costs via effective accounting and financial controls
- Raising finance and securing grant funding, and
- Accessing suitable financial advice.
Both studies confirm external advisors like Consilium can support Scottish SMEs in addressing these issues by:
- Helping to achieve business growth through securing grants, business planning, acquisitions, and mergers)
- Providing expert accounting and financial advice
- Tax compliance and taxation advice (e.g. claiming R&D tax credits, tax compliance, VAT advisory services)
- Improving business productivity/efficiency through payroll outsourcing, business planning, and management accounts.
Whether raising finance for investment, buying a competitor or paying the right amount of tax, Scottish SMEs can prepare for growth with help from advisors like Consilium Chartered Accountants.
Get in touch and let Consilium demonstrate how we can become your trusted advisors for business growth
The challenges facing businesses today
Consilium Chartered Accountants have a track record of helping Scottish and UK businesses and their owners overcome business challenges. From unlocking business growth and mitigating tax liabilities to mergers and acquisitions, Consilium is trusted by entrepreneurs and business owners.
Learn more about Consilium Chartered Accountants, our ethos and how we support our clients across Audit, Accounting, Corporate Finance, Tax, Payroll and Cloud Accounting services.
