Most accountants are very good at listing their services, but do not always so good at explaining clearly what, or more likely what they do not, include. So here is what we offer:

Accountancy work. This usually breaks down into two categories -  compliance work and management information/administration services.

1. Compliance work (meaning work that has to be done by LAW, irrespective of which accountancy firm you may use) This includes the following:
• Sole Traders and Partnerships
• Self-Assessment Tax return for every sole trader and each partner.
• Self Assessment Partnership Return.
• A set of accounts the details of which have to be included on the Self assessment Tax return
• Limited Companies
• Self-Assessment Tax returns for each director.
• Detailed Accounts completed and layout in accordance with The Companies Acts. Apart from these being important to assess the performance of the business, they also have to be submitted to HM Revenue & Customs with the Companies Corporation Tax return.
• Abbreviated Accounts to be submitted to Companies House. This comprises of the Balance Sheet only, together with a very limited set of notes.
• Online filing of company’s annual return. This details who are the current Directors and Shareholders.

All of the above accounts will be prepared based upon the information and explanations provided by the client. They are not audited accounts, which are only required if a limited company's sales are in excess of £5 million.

Many, if not all, clients expect their accountant to be continually coming up with tax saving ideas and implementing them when preparing the accounts. You must appreciate that this service is not automatically included in the fee quoted. All good accountancy firms will be able to provide a quality tax review service, but it does require a comprehensive understanding of the client’s business and his/her own personal and family circumstances, and therefore comes at a cost.Any potential tax saving must be thoroughly researched in the light of business/personal circumstances,

So, what is the current Tax legislation? Are there any impending changes as announced in the pre- budget reports? Are the potential tax savings sustainable and greater than the costs of implementation? All this takes a great deal of work and research. Our fixed fee service, coupled with the expertise of our taxation expert Chris Brydone BA FCA CTA, and working in partnership with Charles James Financial Planning, allows us to offer you a comprehensive taxation service that will help you guard your business and your family's wealth.

2. Management Information and Administration Services. This includes the following:
• Payroll service and year end filing online. Weekly or monthly payroll. Prices start from £3 per payslip with a minimum charge of £10 per payroll run.
• Monthly/Quarterly Management Accounts. Providing departmental, site or product profitability.
• Profit and cash flow forecasting.
• On-site or outsourced book-keeping service.
• Advising and implementation of accounting systems for your business, in-house. Also includes staff training for your employees.
• Sage Training programmes, which can be bespoke, using your own data, thereby making the whole training experience more relevant and understandable.
• Compilation of VAT Returns.
• Formation of Limited Companies.

Our products include:

• Limited Company Formation Package. You choose the name - we do the rest.
• Professional Fee protection insurance.
• Debt insurance.
• Company Valuations.

SAGE Solutions

Sage is currently the most popular accounting software in use by businesses. As our operations manager, Barbara Adams handles the production of back-office book keeping, payrolls, administration and accountancy for a varied portfolio of businesses. Her valuable expertise as a specialist in Sage also allows us to offer additional in-depth support and continuity to your business. All your book keeping needs will be dealt with by Barbara who has over 15 years experience in bookkeeping, Sage installation, Sage training, Sage report writing and preparing final trial balance figures for accountants.

SAGE Training –Fixed Price £500 plus vat

1. Contents:
• Housekeeping of Data
• Back up
• Restore
• Data, report templates and layout templates
• Error checking
• Customer Records
• Setting up names, addresses, contact information
• Nominal code default
• Credit limits
• Memorandum information
• Opening balances
• Supplier Records
• Setting up names, addresses, contact information
• Nominal code default
• Memorandum information
• Opening balances
• Sales Data Input and Review
• Sales invoices and credit notes – batched data entry
• Review of activity by customer, including graphical analysis, sales by month and transaction history
• Aged debtor report and credit control
• Production of system generated labels, letters and statements
• Audit trail reports
• Purchases Data Input and Review
• Purchase invoices and credit notes – batched data entry
• Review of purchase invoices and credit notes
• Purchase invoice payment terms and aged creditor report
• Production of system generated documentation
• Audit trail reports
• Bank Transactions
• Customer receipts
• Supplier payments
• Other bank receipts
• Other bank payments
• Petty cash transactions
• Financial and Control Reports
• Trial balance
• Profit and loss account
• Balance sheet
• Budgetary control
• Audit trail and month end reports
• Period end
• VAT reconciliation
• Bank reconciliation
• Departmental information
2. Duration of training:
• Recommend 4 x ½ days, plus 1 x ½ day for Month End/VAT, and 3 hours at financial year end to cover year end routine.( ½ day = 3 ½ hours)
3. Location of training:
• On client's premises.
4. Cost of training:
• £500.00 per course, plus VAT. (special reduced rate)