AM Accounting

Click any of the links below for more information on our Book-keeping and Accountancy Services

We provide a range of compliance services to support all aspects of business administration. Whether you are Self Employed, a Sole Trader, in a Partnership or a small Limited Company we can help you by making sure the accounts are prepared in the correct format, statutory books and other company secretarial records are kept up-to-date and that all statutory returns are prepared.

Click on any off the links to the right for more information on our Book-keeping and Accountancy Services. For further information on any of our services please call (01455) 848 848 or contact us.

Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through. However, they may not be experts in the legal and financial aspects of running a business and such matters often appear daunting. This is where we come in, we can help you evaluate your ideas and make
them reality.

We will help you to:

• Decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or limited company;
• Prepare a business plan, cashflow projections, budgets, and trading forecasts;
• Complete any registration procedures with Companies House, Inland Revenue and Customs & Excise;
• Deal with company secretarial issues;
• Set up a recording system for your internal use and for complying with statutory requirements;
• Keep on top of bookkeeping, VAT, payroll and other accounting requirements;
• Help with all aspects of business compliance and administration.

Book-keeping is the recording of all financial transactions undertaken by an individual or organisation. Book-keeping is "keeping records of what is bought, sold, owed, and owned; what money comes in, what goes out, and what is left. "A financial transaction is any event that involves money."

We can deal with all of your general book-keeping requirements. This can free up valuable time and resources. We can tailor our approach to meet your requirements and set up the appropriate accounting procedure and controls to ensure your accounts are kept fully up-to-date and in compliance with statutory legislation.

Working for yourself can be daunting. With the support of your accountant the prospect can be made easier. If you work for yourself we will prepare your accounts and explain how the figures are arrived at and what they mean!

If you wish, you can simply bring all of your records into the office and we will prepare the accounts. We will provide advice on how to keep your business transactions and improve the quality of your records.

We will make recommendations where necessary that will be tax efficient and suggest those that will enable the business to flourish and prosper.

We will complete your self-assessment returns on time and calculate your tax liability for you and provide support and advice.

Accounting is defined as the process of identifying, measuring and communicating economic information to make informed judgments and decisions by the user of the information.

Regular up to date management information is therefore vital to the continued success of any business. We can prepare monthly or quarterly management accounts to keep you informed on essential areas such as:

• Profitability
• Cashflow
• Customer activity
• Credit Control
• Performance ratios
• Budget comparisons

Financial accounts are an historical record of the businesses performance over a past period – usually one year. They are produced for the benefit of external users such as shareholders, employees, suppliers, banks and tax authorities.

If you are a limited company you are require by law to prepare accounts that must be filed with Companies House. We can help you by making sure the financial accounts are prepared in the correct format and that they are submitted to Companies House on time.

Running a payroll can be time consuming and complicated, diverting resources from the core activity of the business. The task is made all the more difficult by the growing complexity of employment and taxation legislation and time constraints.

We are able to provide a comprehensive and confidential payroll service, including:

• Customised payslips
• Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay etc.
• Completion of statutory forms, including year end returns, to issue to your Employees and submit to HM Revenue & Customs
• Summaries and analysis of staff costs
• Administration of incentive schemes, bonuses and ex-gratia and termination payments
• Administration of pension schemes

Even if you have only a few employees, you will make savings by engaging us to administer your payroll.

When running a busy business the last thing you want is to use up valuable time and resources making sure that you are complying with the Companies Act. However with company legislation changing at the rate it does, you do need to be aware how the changes affect your company and its directors.

We can help by carrying out the company secretarial duties for you. Our services include:

• Company formations
• Preparation and filing of statutory returns
• Preparation of all documentation related to minutes and resolutions
• Maintenance of statutory books
• General advice on company law

When you're running a business, it's easy to get bogged down in day-to-day problems and forget the bigger picture. However, successful businesses invest time to create and manage budgets, prepare and review business plans, and regularly monitor finance and performance. Structured planning can make all the difference to the growth of your business.

It will enable you to concentrate resources on improving profits, reducing costs and increasing returns on investment. The key benefit of business planning is that it gives you the opportunity to stand back and review your business performance and the factors affecting your business. Business planning can give you:

• A greater ability to make continuous improvements and anticipate problems
• Sound financial information on which to base decisions
• Improved clarity and focus
• A greater confidence in your decision-making

Financial forecasts are a crucial part of any business plan and we will ensure these are both meaningful and robust.

Our consultancy services can include review of your management information systems, particularly in relation to your financial systems and controls.

This can include cash controls, debtor control, stock control, purchasing systems, cost controls, budgeting and financial reporting systems that will enable you to take full control of your business. Reliable management information allows you to react quickly to changing business needs.

We can offer training in various areas such as:

• Basic book-keeping – manual and computerised
• Advising on software.
• Training in various office software packages.
• Recommendation, installation and training on Sage accounting and payroll software packages
• Office procedures and management