In nearly all but one respect, there is nothing unusual in what is required of us to deliver all the core accounting and tax planning services you require. We can relieve you of the tedious administrative chores of keeping proper accounting records and attending to monthly RTI payroll and quarterly VAT reporting just like any other type of business.
The exception, is that under current taxation legislation it normally far more tax effective to trade as a company (limited or by guarantee). Ignoring those professions that are prohibited from trading as a limited liability company, if you are continuing to trade as a partnership there should be a good reason why this should be the case.
A review by MAAP can often unearth good reason why you should reconsider the vehicle by which you trade and take into account the pros and cons of incorporation.
Most partnership clients come to us because we charge less and often do more, albeit without the frills and brass plate office.
It may be they can’t be bothered to deal with tedious book-keeping; some just don’t understand what is required in the way of keeping proper accounting records, and others are simply too busy making money and growing their business to stop and deal with the administrative side of running a business.
Whatever the reason, that’s fine by us. You just let us free you from the mundane and make sure you file your personal and partnership self assessment tax returns with the HMRC on time.
For a start, we can often help you save a considerable amount of time just by streamlining the administration of your business. By cutting out the wasted and often duplicated processes we can help you reduce the time you spend each week collecting together the information and documentation we need to allow us do our job.
Even if your idea of keeping proper accounts is to stuff takings records and receipts into a carrier bag and hand them over to an accountant at the end of the year … we can still turn the situation around. The peace of mind of knowing you have taken the necessary step of letting MAAP take over the record keeping process is worth every penny of the £ 70 a month fee we will charge you for freeing you up from most of the paperwork.
One unusual aspect of the service MAAP provide is when we sign-off your annual accounts we supply you with a set of electronic schedules that provide a complete transactional audit trail from the bank statements and invoices you supply up through the day books, trial balance and into figures that appear in your financial statements themselves. It shouldn’t be unusual, but experience has shown that not all accounting firms do provide the complete audit trail. To be fair, the missing bridge will only probably become an issue if you decide to sell your business, or suffer the misfortune of a HMRC investigation. In either case, it is not the time to discover you don’t actually possess the information the Law requires you to retain for up to seven years if you are VAT registered.
If you are looking for an accountant in the Bournemouth, Christchurch, Ringwood or New Milton areas we would appreciate the opportunity to show you why MAAP would be a good choice.
You can either call us on 01202 482121 and have a long chat about your situation over the telephone, or indeed just make an appointment to meet us.
Either way, your call will be treated in the strictest confidence, and we do not follow up any enquiries once made.
It is important to match your needs with an accounting firm that has experience of dealing professionally with your sector.
Match one of the client profiles below, and you will know we can deliver the service you need at the fee level stated.
Call 01202 482121 for a free consultation.
Sigma House, 44 Willow Way
Christchurch, Dorset, BH23 1LA
Tel: 01202 482121