01708 722142 kim@mawney.co.uk

SERVICES

Accountancy, Financial Management, Systems and Business Planning, tailor-made to meet you personal business needs.

Regular management accounts, from a simple profit & loss account, to more detailed cash flow forecasts can help you to stay in control and plan ahead:

• keep control over your business costs
• raise finance
• obtain credit
• monitor performance
• improve cash flow
• plan dividend and other remuneration
• avoid any nasty surprises at the end of the year

Too often business owners wait until a few months after their financial year end to discuss their accounts only to find that they were not aware of key performance indicators such as reduced profit margins or rising costs. Had they known then they could have taken action to minimise the impact on their profits.

We will have a one to one review with you so that you understand what is going on financially within your business, helping you to look to the future and set your goals and objectives

Starting with a one to one consultation where you can discuss your personal and business goals we will put together a business plan that enables you to focus on the key performance indicators for your business and achieve your goals.

From your business plan we can produce a monthly budget that will enable you to regularly review your actual performance and whether you are on track to meet your goals, keep control and react quickly when you need to make changes.

We can even attend your management meetings, taking on a quasi-Financial Director role.

Annual Financial Accounts

Mawney Accountancy can make completing your accounts simple and straightforward.

We will let you know any tax liabilities at the earliest opportunity possible and make sure that deadlines are met.

We provide you with a full profit and loss statement, balance sheet and supporting notes.

We will have a one to one review with you so that you understand what is going on financially within your business, helping you to look to the future and set your goals and objectives

We cover all aspects of payroll including PAYE & NICs, expenses, RTI returns to HMRC on your behalf, Directors NICs, student loan payments, employee benefits, pensions, SSP, SMP, SAP, and holiday entitlement.

Our payroll service includes payslips, P60s, starter and leaver forms, monthly RTI procedures and end of year procedures.

VAT

VAT can be complex; there are lots of regulations that puts a substantial administrative burden on businesses. Once your turnover is more than £85,000 per annum (from April 2017) you will need to become VAT registered.

It can be beneficial to register on a voluntary basis under this threshold.

We can ensure that you are charging the correct amount of VAT; take advantage of any beneficial government schemes; prepare and file your VAT return on time, avoiding penalties.

Mawney Accountancy can prepare your sub-contractor monthly ‘payslips’, showing the total amount of the payments and how much tax, if any, has been deducted from those payments and make your monthly return to HMRC.

Manwey Accountancy can complete all necessary tax computations for you taking the stress out of completing your tax return. We can calculate your tax liability and advise you on when and how much tax you need to pay. We will ensure that you are maximising your taxable allowances and using them effectively.

It is often daunting when you first make the decision to work for yourself; there is a lot to think about. I can help you find clarity and define your business idea to maximise the chances of its success.

We offer a one to one meeting with you to help you decide which structure you require for your business whether you need to set up as a Sole Trader; Partnership; Limited Liability Partnership or Limited Company and assist with registering with Companies House and HMRC as required.

We will also help you to set up your bookkeeping, payroll and VAT as required and help you to decide if you want us to carry out these services for you or assist you in completing them yourself.

We can offer you initial and ongoing training in QuickBooks software packages so that you can effectively take over your own bookkeeping and accounting saving you money knowing you have our continued support should you need it.

Bookkeeping

Knowing your cash flow and up to date accurate bookkeeping are essential for SMEs.

Many businesses will do this work themselves but it can be more time efficient to use the services of a bookkeeper, giving you more time to get on with growing and running your business.

Having good books can reduce the cost of your Accountants bill and give you valuable insight into the key areas for your business.

Mawney Accountancy can assist with monthly or quarterly bookkeeping. Just give us your records and we will do the rest.