The importance of businesses maintaining sufficient records is greater than ever, with HMRC now having the power to carry out compliance visits.
One of the most common obstacles that businesses have is the accurate preparation of VAT returns and management accounts. Book-keeping is fundamental to this process and is regularly overlooked.
Smaller businesses face a resource conundrum whereby a book-keeper has insufficient skills to produce detailed and accurate management accounts so that strategic decisions can be made, whereas a qualified accountant can produce management accounts, but is unlikely to be motivated by routine work such as book-keeping. This leaves the business vulnerable to a high turnover of finance department staff and a lack of financial information during periods of vacation.
We work with you in order to gain a full understanding of your business. We then tailor our approach to your requirements so that we provide exactly the services that you desire. We match our staff with your needs so that you have access to all levels of experience and technical ability but only pay for them when the need arises.
We discuss and review your requirements on a regular basis and have the flexibility to change our service offering as your business needs change.
We can advise on design and implementation of accounting systems. We are registered suppliers for several popular accounting packages and have the relevant expertise to ensure that the new systems are set up correctly from inception. This avoids costly consultancy at a later date to rectify unforeseen accounting issues created by non-qualified advisers.
Clients also use us to assist in the preparation of budgets, forecasts and investor reports and we would be pleased to discuss any other requirements with you.
For further information, please do not hesitate to contact Jamie Grossman.