Growing Owners Wealth: Solutions for Business Owners

We are Gow

As a business owner, you have the opportunity to create wealth through your entrepreneurial efforts. However, it takes careful planning and smart financial decision-making to turn your hard-earned profits into long-term wealth.

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We are Gow. We are growing owners' wealth!

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At Gow and Partners, we are growing the wealth of business owners across Lancashire, precisely because we know the financial components of business like the back of our hand.

Our Growing Owners Wealth (GOW) solution was created by accounting experts, with the aim of helping you reek the results you deserve, utilizing strategies that have proven the test of time.

Minimise Tax, Maximise Profits

Paying taxes is an inevitable part of doing business. Keeping on top of them and paying what you owe is very important.

By enlisting our help, you can minimize the amount of tax you pay and maximize the profits that stay in your business.

Our extensive experience with all things tax leaves us in the best position to help you determine exactly what you owe, allowing you to free up time that would have otherwise been spent undertaking research and configuring data.

Nobody wants to overpay on tax. It not only affects profit, but your business’ prospects for growth and future investments. Paying more than you need to can put your business at financial risk, aside from being unnecessary.
Ensuring that you are paying the correct amount may be crucial to your survival, especially during difficult periods.

We are always looking for the best strategies to help save you both time and money.
With so much information out there regarding what businesses are entitled to, you may struggle to determine exactly what you should be paying. But do not worry!
We can ensure that you save money wherever possible, so that your business continues to grow and thrive, while saving tax optimally and legitimately.  

How will we help?

First and foremost, we will help you stay compliant with current tax laws and regulations, avoiding costly penalties and interest charges from HMRC.  

When you’re passionate about your business, you may not think twice about paying out of pocket for little the things. Yet, it is the little things that soon add up, resulting in your profits being overestimated. Having a true picture of your expenses is vital to the longevity of your business. We will ensure that you are aware of, and are claiming for, all possible business expenses.

And, with our deadline reminder service, you can rest assured that you’ll be reminded to apply for any relevant relief in good time. This will avoid the risk of missing out on financial help/grants, while reducing your tax expenditure substantially.

Working on an innovative project in science or technology? We can help you apply for Research and Development (R&D) tax relief. Alleviating the strain of paying for expensive equipment and research facilities, this has the potential to saving you a large amount of money. 
Making investments in business assets? We can assist you in claiming relief via HMRC schemes such as The Annual Investment Allowance (AIA). Again, this could save your business a huge amount of tax. 

We also assist in pension deductions in line with HMRC regulations, as well as claiming for any losses and choosing the most tax-efficient structure for your business, optimising profitability as you evolve.

Set Goals and Targets

Getting to know the ins and outs of your company, we’re in the business of helping your business succeed. 

Your designated accounts manager will assess the current state of your business and summarise your financial health, offering you proactive, hands-on advice.

Based on the analysis, key places for improvement will be identified. This might include increasing revenue, reducing costs, improving cashflow, or reducing debt, and it is these areas of focus that will be prioritized first when setting goals.

The expertise you receive will support you in setting meaningful targets, on your own terms, setting you on the right path, and reminding you of your key areas of focus as you move forward.

Once your goals have been established, your accounts manager can assist you in developing a plan of action for achieving each goal. This might include making changes to the budget, creating a new marketing strategy, or implementing new financial systems and processes. Each action item can be assigned to a specific person with a timeline for completion.

The progress of each goal should be monitored regularly, and adjusted as needed. For example, if a goal is not being met, you may need to adjust the budget or timeline, or find new ways to motivate employees. Keeping track of progress will help you identify any roadblocks early on and make changes before they become larger problems.
Thankfully, we can help you in this area too. After defining your goals, your financial health score will illustrate how close you are to reaching them, over a given period of time, giving your business the kind of accountability it needs to thoroughly excel. 
This presentation of data has proven incredibly popular among our clients, and we have seen the impact on the GOW solution first hand.

Your financial health score provides the perfect remedy to the problem of being too busy to sit down and analyse each individual figure in detail. It offers a clear snapshot into your business performance, inclusive to even the busiest of business owners. 
Better still, the score boundaries are highly dynamic, designed to grow alongside your business, meaning that we can easily shift the parameters to match new targets. 

Cashflow Forecasts with Real-Life Scenarios

Drawing from years of hands-on experience, we will offer you tailored expertise, contrary to the agonising generalities you may have dealt with in the past. 
Acquiring a new property? Wanting to recruit that new member of staff?

We will provide you with informed cashflow predictions that not only put you in the driver’s seat, but give you the directions. 

Let us Help You

Book your 30 minute discovery call today—enjoy a relaxed, no-obligation chat with one of our qualified accounting advisors. We can assess your situation and determine how to best serve and add value to your business.

Alternatively, you can send us a message with any queries (big or small), and one of our team members will get back to you promptly.