Accounting

What Do We Require From You?

Your accounts need to be filed by specific deadlines, so it is imperative that we receive your books promptly so that we can file them efficiently and provide you with accurate up-to-date information for all your business financial needs. Records can either be held by us or we can advise you on efficient method storage. Instructing MTP Accountancy to prepare your accounts will free up your time allowing you to concentrate on the important things. Our services include:

Cash flows and projections

Whether you are an existing or new business, in our opinion it’s impossible to be successful and expand without a cash flow projection. Cash flows and projections are essential to help you raise finance and for your own personal use to evaluate and monitor how your business is growing. MTP Accountancy Services is here to assist you with your cash flow projection and provide you with a transparent picture to help you avoid future problems and create the financial success you deserve.

We can help you establish relationships with high street banks to raise finance, liaising directly with them regarding any additional information they might require ensuring a smooth process.

Whatever the reason, MTP Accountancy Services provide a prompt service to work with you to produce:

Cash flows;
Projections;
Business plans.

Limited companies

Limited companies or limited liability partnerships (LLPs) must prepare annual accounts that report on their performance and activities during the year. Your accounts must include a balance sheet, a profit and loss account and certain other information. MTP can help you to manage the essential but time-consuming accounting tasks providing an up-to-date picture of your company’s finances and optimising your tax planning opportunities, whilst allowing you to get on with running your business. Our services include:

Company formations;
Annual accounts;
Company secretarial and book-keeping duties;
Quarterly VAT returns;
PAYE payroll processing;
Self assessments;
Corporate tax planning.

Management accounts

As a forward-thinking business, it is crucial to keep accurate records and accounts. MTP Accountancy Services can help you fulfil your potential by providing regular monthly or quarterly management accounts to help plan your business and make decisions about key areas such as sales, margins and stock. We recommend spreadsheet formats, including monthly profit and loss, balance sheet and cash flow forecasting through to the year end. Benefits include:

Cash flow problems highlighted and resolved;
Business performance accentuated enabling easier funding;
Efficient tax planning due to emphasised trading performance;
Trends easily identify, whether good or bad, which can be acted upon;
PAYE payroll processing;
Asset finance can be raised more speedily with up to date figures.

Partnerships

Year end accounts are the foundation of a partnership’s self assessment. A set of year end accounts produced by MTP Accountancy Services will illustrate good record keeping and evidence controls exist within your business. MTP can help remove a stressful and time consuming process and the accounts will prove invaluable when answering enquiries from HMRC or for supporting credit and mortgage applications. Our services include:

Annual accounts;
PAYE payroll processing;
General book-keeping services;
VAT returns.

Sole traders

As an Individual you are subject to taxation and are responsible for declaring your income and taxable benefits. MTP Accountancy Services can help guide you through the compliance of your requirements. Year end accounts are the foundation of a sole trader’s self assessment and form the back bone of your credit worthiness. We can assist you with year round tax advice on:

Income tax;
Capital gains tax;
Inheritance tax;
Trusts and estates;
Non-domiciliary tax issues.