Our ServicesOur services are channelled to help you earn more and keep more of what you earn. No matter the business you are involved in, we make a potential difference to your business by offering you the following services - Bookkeeping, Financial Accounts, Payroll Services, Taxation & Tax Planning, Management Accounts, Cashflow & Profit Forecasts, VAT Returns, Company Formation, Business Consulting, Business Plans and Financial Outsourcing.
Management AccountsUp to date and current financial information is often key to the smooth running of your business and regular management information is vital to the continued success of any organisation. The production of management accounts allows you to review the financial performance of your business. Understanding the causes and effects of favourable and unfavourable balances in your management accounts can make a lot of difference to the way an organisation functions and carries out its daily activities. The key to making this information valuable is to work with us to use the information to improve the business strategies and processes.
We assist our clients with the running of their businesses by regularly reviewing their trading results against a budget forecast on a monthly or quarterly basis. We prepare monthly or quarterly management accounts and reports and effective budget forecasts that help you monitor and manage the level of performance of your business throughout the financial year.
Management accounts help you make fundamental commercial decisions on issues such as funding, risk minimisation and performance improvement. In addition, a direct financial benefit of management accounts can be the identification of unclaimed VAT, supplier overpayments and pre-year-end tax planning opportunities.
We can prepare a detailed monthly or quarterly management accounts as relevant to your business, to ensure you always have reliable and accurate information on which to base your organisational decisions. This includes enabling the organisation to report on individual programmes and projects, in order to give the Board, senior management and project staff a clear understanding and ownership of the figures.
You definitely want to be doing better than just making a trading profit?
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Cashflow & Profit ForecastsMonitoring your cashflow and forecasting future profitability are fundamental to effective business management. Cashflow monitoring is a lot more than what you have spent and what you have left in the bank. It is a systematic way of monitoring what you are expected to be spending money on and when you are likely to be expecting money to be paid to you. It is a good means of monitoring the organisations financial strength
It can be used to assess the effectiveness of the organisations credit control process and to assess whether the organisation utilizes credit facilities offered by its creditors. It also facilitates getting funds from backers and banks.
St Mary's Accounting Services can assist you in preparing cashflow and profit forecasts. We can also help you to interpret the results and make recommendations to improve your business.
Take advantage of this opportunity and service and see your business skyrocket in the right direction.
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VAT ReturnsVAT is one of the most complex and onerous tax regimes imposed on businesses - so complex that many businesses inadvertently overpay or underpay VAT.
The ever-widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever-growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations, and do not pay the Exchequer more than you need to.
We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, we provide an efficient, cost effective VAT service, which includes:
- Assistance with VAT registration
- Advice on VAT planning and administration
- Use of the most appropriate VAT scheme
- VAT control and reconciliation
- Preparation and submission of VAT returns
- Planning to minimise future problems with Customs and Excise
- Negotiating with Customs and Excise in disputes and representing you at VAT tribunals
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Company FormationWe provide a cost-effective and efficient company formation service for:
- New companies
- Off-the-Shelf companies
- Unquoted Public companies
- Companies limited by guarantee
- Unlimited companies
Send us an e-mail to check availability of the company name you intend to use.
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Business ConsultingVarious businesses need professional advice and help in various aspects of the business in other to ensure growth and success. We offer a range of professional advice to various sizes of businesses in other to assist with growth, profitability, efficiency and general improvement.
As we are also business owners, we are well experienced and capable of giving relevant business advice to owner-managed businesses on a regular basis or on an ad-hoc basis.
We offer consulting advice on the best business structure to adopt, the tax implications and the legal requirements for each alternative. Having decided to go into business, it is important you make the right decisions and to take out the right business structure. You may decide to trade as a Sole-trader, Partnership, Limited Liability Company, Limited Liability Partnership or as a Co-operative. Any decisions you make will have repercussions on the way you are taxed, your exposure to creditors and other matters.
We will be there for you, offering you relevant advice from the beginning of your business all the way through the growth phases of the business.
We will be pleased to hear from you if you would like to discuss how we can help you improve your business to achieve its aims. Give us a call for further details.
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Business PlansFail to plan can mean plan to fail. It is of great importance that every business has a standard business plan as it demonstrates that careful consideration has been given to the business development and for start up businesses, it shows that the entrepreneur has done his or her homework. The realisation of a business plan can be the ultimate goal for a business and it serves as a benchmark against which actual performance can be measured and reviewed. A good business plan is key to an organisations success.
You may think you have a solid plan in place, all well thought of and structured out in the head, but going through the process of documenting this plan, will highlight lapses and show you how feeble your plan can be. This will cause you to reassess strategies and processes and help you put more concrete plans in place to ensure success. Preparing a business plan will help you set clear objectives for your business and clarify your thinking. It also helps you set targets for future performance and set bases upon which future performance can be monitored and assessed.
A formal business plan serves as a basis for discussion with third parties or stakeholders and for businesses seeking external support; it is an important sales document that can be presented as a key to raising finance.
The lack of a sound plan is guaranteed failure. Do you have a formal business plan; why not let us develop your business plan, inculcating all your ideas unto physical paper? We can help you put together a forward thinking business plan, which consists of the past, the present and the expected future.
To take advantage of this service, please call us on 02072529331 or send us an e-mail.
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Financial OutsourcingOutsourcing is about quality and value addition at a reduced cost. There are many administrative and technical functions in running any business that can be outsourced, rather than looked after from within the business. Maximise your business profits through outsourcing of your back office duties and gain that competitive edge.
The benefits of outsourcing: It can help relieve organisations of staffing problems that can cause stress and inhibit growth. You can free up more of your time to run your business:
- We help relieve you of many of the financial and administrative worries of running your own business.
- You have expert assistance in the administration of your business. We believe that only quality outsourcing will do, and to this end we manage the following services on your behalf:
- Cashflow and profit forecasts
- Management accounts
- VAT returns
- Payroll services
- Taxation issues
- General administration
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