Accountants: What To Do
With A Client Heading For Financial Trouble
Sometimes, the news is Not Good...
As an accountant, tax advisors or bookkeeper, you are often the first person the client turns to for help when they find they have a financial problem. In fact you may well be the first one to spot the warning signs and then have to tackle the job of letting your client know the bad news.
This, as you would hope, is something you won't come across often. Which is great - except that when you do, you might not be as familiar with all the options as you (and your client) would like. And, equally important, the conversation will have a very different tone to the usual 'here's what we need to do to minimise your tax bill'.
It's a difficult conversation to have, for both you and your client.
So, when the news for your client is bad, we have two ways we can help:
First, fill in the form at the top of the page and in the next couple of minutes you'll receive by email a copy of our ebook 'How to Have a Difficult Conversation With Your Client'.
Second, of course, please call us on 01825 746652. We can help you to understand the options and help you continue to give your client an excellent quality of service: insolvency issues happily aren't something you deal with every day. For us, though, it's our business and we will be there to support you and your client through the process.
And sometimes the news IS Good!
Alternatively, you may have a client who is looking to extract their wealth from their business in the most tax efficient manner - usually for one of three reasons:
- Selling the business...
- Director in dispute and want to move their company in different directions...
In these cases, a Solvent Liquidation can often be the most tax-efficient way of proceeding. To find out more, take a look at our Special Feature on Solvent Liquidation.
At Solvency Solutions we are always happy to offer a free face-to-face or phone meeting with your and your client to address any issues you are uncertain about, to help you help find and implement the solution that is best for your client. Alternatively we are happy to answer general questions or give clarification on specific issues if we think we can help.
So please call us on 01444 848766.