There were many situations where we made real differences to helping our clients. I have listed 5 of the most memorable below.
The client, a consultant, came to see us having fallen several years behind in his tax affairs. He was concerned about the daily penalties which HM Revenue & Customs were threatening to implement. Within two months we had prepared business accounts for several years and brought his tax affairs up to date. We are now looking at tax planning and helping him to minimise his tax affairs for the future.
This client is in business as a motor garage and brought into our offices his accounting papers in carrier bags. From the sales invoices, purchase invoices, petty cash receipts, bank statements etc in the carrier bags we were able to do the bookkeeping and prepare his accounts. We have recommended a simple bookkeeping system to him for the future.
This client is a not for profit organisation and we prepare monthly management accounts and monthly cash flow forecast as well as helping with the preparation of the year-end financial accounts. The chairman finds the monthly management accounts and cash flow forecasts invaluable and is able to plan her expenditure so as to avoid any cash flow problems.
This was a new client who set up a garden business, when we prepared the accounts and prepared the tax computations he had made a substantial trading loss. As he had been previously been employed (based on current tax legislation) we were able to obtain a substantial tax refund for him.
This client started to use Sage and has their own bookkeeper. The books were then sent to us for us to prepare the company's accounts. We found that the bookkeeper had not posted all the transactions onto Sage. We therefore inputted onto Sage the correct accounting adjustments, reconciled the control accounts and prepared the company's accounts. We are members of the Sage accountants club.
We are only too happy to help with your Sage bookkeeping should you require help.
So how can we help you?
Michael A. Markham FCA FCCA
A.M. Accountants Limited