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Business
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We can relieve you and your business of a significant burden by taking
care of all your accounting needs. This ranges from making use of our management
accounting support services to the preparation of your annual accounts. We will
treat every business individually so that we can tailor our approach to your requirements.
Besides the core outsourced bookkeeping, we can also maintain your VAT records,
prepare your payroll and take on ad hoc projects to free up valuable time for
your team.
We believe that our high level of IT literacy can help improve our efficiency
and help our clients to set-up their accounting systems to be efficient and effective.
We are professional members of Sage, Access Accounting and Pegasus software and
are therefore ideally placed to give you the most independent advice that will
suit your needs and budget.
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Every business must plan ahead in order to ensure success, but it is too
easy to succumb to the daily pressures of work and delay or ignore strategic planning.
The result of poor planning is often rushed and misinformed decisions, over/under
capacity, inefficiency and missed opportunities. Indeed, "failing to
plan is planning to fail!"
Every business owner needs to invest time in developing a long-term plan, starting
with what you want to achieve from your investment and what your reasons for being
in business are, and then developing a plan to help achieve these objectives.
We are well placed to help you develop these plans and have a considerable
pool of experience and expertise to draw on. The financial aspects are usually
the backbone to any business plan and you need to ensure that this aspect has
been adequately dealt with in your plan. Contact us today for a strategic planning
review.
We can assist you to create a professional and well thought out business plan
that will impress your bank manager, investors and shareholders and enable you
to make strategic decisions about the future direction of your business. We can
incorporate cash flow projections, profitability projections and forecast what
the future may hold for your business.
Coupled with this we can also help you to raise finance and identify areas
of risk within your business and instead of being faced with a potential problem
we will turn them into strengths and opportunities.
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Most people who
start up in business do so because they have a good business proposition, not
because they are experts in the financial aspects of running a business. These
factors can often be quite daunting to the entrepreneur and this is where we can
help by evaluating your ideas and helping you develop them into a business that
not only works but it thrives.
We can also help you:
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decide on the most suitable structure for your
business (i.e. sole trader, partnership or limited company) |
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prepare a business plan, cashflow projections,
budgets and trading forecasts to prove the financial viability of your ideas and
demonstrate this to the bank / potential investors |
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assess your finance requirements and access
the most appropriate source of finance |
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help you establish relationships with banks,
solicitors, etc via our well established network of contacts |
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carry out registration procedures with Companies
House, Inland Revenue or Customs and Excise |
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set up an internal accounting system which complies
with statutory requirements |
Call us for a free businessSTARTER session to find out how we can help your
ideas become reality.
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One of our key objectives is to help our clients increase the value of
their business. Each year we can carry out a valuation of your business using
software developed by the Added Value Network.
We will produce a detailed report showing the current value of the business
and ideas on how you can maximise its worth.
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When running a hectic business you cannot afford to use valuable time
making sure you are complying with the Companies Act. However you do need to be
aware how this legislation affects your company and its directors. We can help
by carrying out the company secretarial duties for you. Our services include:
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company formations |
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preparation and filing of statutory returns |
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preparation of all documentation (such as minutes
and resolutions) |
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maintenance of statutory books (share register,
minute book, etc) |
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general advice on company law |
Our team are experienced in the formation of limited companies and are always
available to assist you with your statutory responsibilities.
Assistance with the completion of various statutory forms, maintaining your
Company Register, dealing with the appointment and resignation of directors and
company secretaries. We are also available to assist you with Board Minutes, Special
Resolutions and updating your Company's Memorandum and Articles of Association.
We have a direct line to Companies House and can obtain details of any UK company
within minutes. This service also enables us to obtain copies of Financial / Abbreviated
accounts and other filing information immediately.
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We will carry out a financial performance review of your business. This
will be in the form of a detailed report which includes:
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graphs and charts illustrating how your business
has performed this year |
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ratio analysis to highlight areas of strength
and weakness |
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detailed commentary advising you which areas
of the business can be improved |
By knowing how your business has performed in the past and by looking at various
key drivers in your business we can help you to perform better and improve your
businesses results.
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The most important part of our compliance services is in helping you to prepare
periodic management accounts. Monitoring and controlling the financial performance
of your business is of paramount importance and regular management information
is vital to the continued success of your business. We can either carry out this
function for you or help you set-up internal systems to generate the information.
We will also take this service one step further by interpreting these figures
for you and making suggestions to help you improve your profits or to help your
business grow.
We can assist you to produce monthly, quarterly or half yearly management accounts.
Again the level of assistance you require is decided by you.
This is a vital tool in today's fast moving business environment which will
enable you to monitor and manage your business. It will give you early indications
of problems allowing you time to formulate plans to solve the problem or take
advantage of your success.
Wherever possible, we prefer to train your team members to produce management
accounts. In certain areas there are grants available for this. We will help you
to tailor Management Reports so that you have easy access to the Key Performance
Indicators needed to grow your business.
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Running your own payroll can be time consuming and complicated, particularly
with the ever increasing complexity of taxation and employment legislation. There
is an increasing burden on business to comply with these issues and non-compliance
can lead to substantial penalties.
We can prepare payrolls for businesses with 2 to 200 staff.
Our service is comprehensive and confidential and includes:
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computer generated payslips |
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administration of PAYE, national insurance,
statutory sick pay, statutory maternity pay, etc |
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completion of statutory forms (including year
end returns) |
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summaries and analysis of staff costs |
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administration of incentive schemes, bonuses
and ex-gratia termination payments. |
Even if you only have a few employees, you will make savings by engaging us
to administer your payroll.
This will release you from the chore of preparing the weekly or monthly payroll
for your business. By outsourcing your payroll you will be able to concentrate
on the important areas of your business and not worry about penalties for failing
to apply the complex rules governing PAYE / NIC correctly.
This service is often of benefit where you have your own payroll function but
would prefer to have directors and key members of your team to be dealt with externally.
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If you are a limited company then you are required to prepare accounts
that must be filed with Companies House in a statutory format. We can help you
by preparing your statutory accounts and filing them with Companies House for
you.
We are Chartered Certified Accountants and Registered Auditors.
Our team is highly trained and can assist you to produce accounts for your
company in accordance with Companies Act legislation and all relevant accounting
standards. We also produce accounts for sole traders, partnerships, charities
and pension schemes. The level of assistance you require is decided by you.
We are authorised to conduct audits for companies and pension schemes. An audit
adds credibility to accounts for banks, customers, suppliers, tax authorities
and owners that the financial statements are true and fair and no material errors
have been uncovered. Our team are trained to use modern audit techniques in order
to add greater value while also providing assurance in the reported results.
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Corporation tax will represent a substantial cost to any profitable business,
not only in terms of the tax itself but also in compliance with reporting obligations,
investigations with tax authorities and penalties for non-compliance.
We can help you minimise your corporation tax payments and relieve you of any
administrative burden of complying with tax legislation. We will deal with all
business tax matters, including preparing income and /or corporation tax computations
and preparing and submitting your partnership tax return or corporation tax self-assessment
return.
Our tax team are Inland Revenue and practice trained. Graham Gleadhill the
Tax Partner is a former Inland Revenue Inspector of Taxes.
We are able to complete all self assessment tax returns and will provide details
of any amounts payable. We can assist you with all compliance issues such as the
completion of forms P11D, corporation tax, PAYE and VAT Returns, etc.
We also do:
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Company purchase of own shares |
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Tax efficient extraction of profits |
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Enterprise management incentive schemes |
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PAYE health checks |
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Disincorporation |
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Buying or selling a company |
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Company reorganisation |
In the future it is likely that every employer will be subjected to a PAYE audit
once every 3 to 5 years. We can undertake a "health check" of your records
to ensure that you are operating the correct procedures to minimise the chances
of falling foul of the authorities and thus incurring additional liabilities plus
interest and penalties.
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Own car or Company car? |
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Tax efficient remuneration packages |
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The national minimum wage |
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Planning for retirement / Stakeholder pensions
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Inheritance tax - the voluntary tax? |
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Tax planning with Trusts |
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Passing on the family business |
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Consequences of incorporation |
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Advice on tax efficient investments |
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Partnership planning |
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Termination payments |
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We offer a full range of compliance services........ all the things you need to
do every year. These are our traditional accountancy services.
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We also have a range of new consultancy services designed
to help small and medium sized firms grow and become more profitable, click
here >
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We will gladly carry out an onTrack review for you at no extra charge. The onTrack
review process contains 6 mini-reviews designed to make sure you and your business
are on track to achieve everything you have set out to do. The 6 mini-reviews
are:
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a growth review |
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a taxABILITY review |
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a wealthBUILDER review |
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an accounting systems review |
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a finance options review |
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an exit planning review |
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We want to help you get the most out of your accounting systems. So, we will prepare
a report setting out any weaknesses, the consequences and our suggestions on how
to improve them. And, the better your accounting systems
- the lower your accountancy fees! |
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One of the most powerful management tools is benchmarking - this is where we compare
the performance of your business against other businesses within your industry
sector.
This will tell you how you are performing, in which areas you
excel and those areas where there is room for improvement.
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I.T. has become an integral part of the business world and Marriott Gibbs is no
exception to this. Our business is totally computerised and our staff are I.T.
trained and literate. The knowledge gained from developing
our systems enables our staff to advise our clients on I.T. related matters from
first hand experience.
We are members of the Sage Accountants Club and provide software,
training and support to Sage Instant Accounting, Sage Line 50 and Sage Payroll.
We are also Access Accounting Circle Members, and Pegasus software advisors enabling
us to give you totally independent advice geared to suiting your exact software
needs.
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Whether to have a company car or not is the most common question that we get asked.
The next most common question is how to finance the purchase of the car. It
is an area for confusion, particularly with the recent changes in the basis of
taxation of company cars.
We will gladly carry out a planning exercise each time you
consider buying a new vehicle to ensure you are aware of the most appropriate
method of finance and the minimisation of tax liabilities.
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