Our knowledgeable team of advisers goes beyond the numbers, putting your figures into perspective.
Our Accounting Services team provides ambitious businesses and entrepreneurial owners with relationship-driven accounting compliance and strategic business advice.
Our goal is to not only equip you with the support you need to meet your legal requirements but also enhance the value of your business, optimise financial performance, and empower you to face the future with confidence.
At Bishop Fleming, we view compliance services as integral to the advisory services we offer. Our teams understand that compliance is a key area to monitor, helping to ensure owners and officers meet their statutory responsibilities with all relevant forms to government departments such as Companies House and HMRC. Our proactive approach means that we can significantly reduce the administrative worries of running a business.
We provide the preparation of accounts for audit-exempt companies, partnerships, and unincorporated entities. For most companies, we also prepare the corporation tax computation. We can provide a record of the financial performance of the business for its trading period and of its net assets at the period end, as well as independent 3rd party input and oversight of your business records.
Many of our advisors bring firsthand experience in managing companies before joining Bishop Fleming, allowing us to provide practical insights into the commercial dynamics impacting your business.
Accurate and timely management accounts are crucial for monitoring your business’ financial performance. Our experienced team creates bespoke accounts tailored to your business goals. With our cloud-based accounting services, access your financial information in real time from any location, providing a comprehensive view of your business's performance.
We work collaboratively with you and your finance team to keep your records up-to-date and compliant. The first thing we do is listen to you and then review your current records.
No matter the size of your business, we can play an active role to help ensure that your accounting records are appropriately and accurately maintained and that there are sufficient procedures and controls in place. We often advise on best practice, and we support businesses with regular reviews of accounting transactions to validate their completeness prior to undertaking business performance reviews or preparing annual statutory accounts.
We assist businesses in meeting their VAT filing obligations with HMRC:
We prepare VAT returns from your records, review transactions, and discuss submissions with you before filing. This includes:
Advising on whether you are adopting the most appropriate VAT scheme for your business, such as the accrual method, cash accounting, the second-hand margin scheme, other special scheme or the flat rate scheme.
Assisting with the registration of a VAT scheme for individual entities or groups and providing advice on the most appropriate scheme start date to maximise VAT recovery.
Advising businesses on the accurate recording of VAT transactions in their digital accounting systems.
Our VAT team are on hand to provide advice on the more complex areas of the tax, such as international trade, Land and buildings, Construction, and partially exempt businesses. For more details on our VAT Services, please click here.