Business Services...Working with you Myers Clark | Business Services Achieving the best for you is our priority. You want to be certain that the best people are looking after your

Business Services

www.myersclark.co.uk

Working with you

Myers Clark | Business Services

Achieving the best for you is our priority. You want to be certain that the best people are looking after your affairs. By joining efficiency and productivity, you can be sure that you will receive the best support and advice, whilst saving money. We work proactively; combining our experience, knowledge and personality to ensure all your needs are met.

You can be certain that with Myers Clark as your accountant, you will receive outstanding practical advice and support. You can access our wide range of services tailored to your individual needs and the needs of your business, regardless of its size. You can be confident in our experts, who have helped many corporate and individual clients achieve financial success.

You and your accountant


Your relationship with us is important. We care about our clients and for many we become an extension of their businesses. We are able to provide a vast range of accounting support and services that are tailored to your needs.

From estate planning to personal investments, as an individual you need to trust your accountant to work with you to ensure tax efficiency and financial security.

As a business you will want to get the most out of your company and that is where your accountant can help you draw up a strategic plan, take care of your Corporate Clients needs and increase productivity to free up more time to focus on your clients or spend time with your family.

Access information 24/7We are able to offer owners access 24/7 to their accounts coupled with easily accessible reports. It has never been easier to manage your business. Our Secure Document Exchange enables us to share instantaneously and securely accounts and reports with you, anywhere in the world.

In addition, you have access to our library of guides, fact sheets and articles on our website. You will find a number of free calculators for taxes, loans and savings on our website.

You can find all these resources on our website: myersclark.co.uk


Building your business networkNo one can do business alone that is why you are encouraged to join our client network, where you are able to meet others with local businesses and increase your sphere of contacts.

Additionally, following the announcement of each Budget from the Chancellor, you are invited to join our other clients and contacts at a breakfast seminar where the budget’s effects and implications are explained.


We also hold quarterly Business Club events. Myers Clark’s Business Club is a client-only event, where a guest speaker provides knowledge and advice on their specialist subject.


Our Business Services You can be confident our services will help you meet your business objectives. Our expertise means we can assist you with building realistic goals and creating an effective operating environment. Our experience in a wide range of areas means you are able to find all the specialist advice you will need as well as strategies to implement and action it.

You can ask us for advice on a range of accountancy services, such as:

• Start-Ups

• Outsourcing

• Corporate Finance

• Audit, Accounts and Business Tax

• Business Development

• Retirement Planning


Start-UpsStarting your own business should be a rewarding challenge, where you are able to enjoy a healthy work-life balance, being your own boss.

As a business-owner, you are not expected to be a legal, financial and fiscal expert; but with your passion and our business expertise, you can be confident in your success.

Our team of experts can support you in all aspects of your business:

• Cash-flow Forecast and Budgeting

• Bookkeeping

• Payroll, including Auto-Enrolment Pension Issues

• Registering with Companies House and HMRC

• Accountancy Software Solutions

• Virtual Financial Director role

• Strategic Planning and Forecasting

• Key Management Information Reports, including KPI’s

There are many procedures to follow when setting up a business that can make the whole process seem like an impossible challenge. If you are unsure about whether you should be a sole trader, partnership, or a limited company, our experts can help you navigate the red tape and ensure your business is set up correctly.

We can help you:

• Register with Companies House and HM Revenue and Customs

• Organise company secretarial issues

• Establish a books of accounts which comply with statutory requirements

• Establish a payroll system

• Find the right bank


Project and Change Management An effective project manager can ensure your work is brought in on time and within budget. You can seek support with restructuring, identifying and resolving possible problems from our change management specialists. We are able to sort any incomplete, incorrect and neglected financial records.

You can be confident we will work with you to prevent your business losing control and money. You will find that structural changes to your business will enable you to work in a more streamlined way; enabling your business to stay ahead of competitors.


Emergency Cover for your Financial TeamPeople get ill and work can come in unexpectedly. When this happens there is often a shortfall in manpower, putting a contract and your reputation at risk. You can be confident our team will work to your requirements and within company to ensure the work is carried out efficiently and to a high standard. Your customers or clients won’t notice the difference.

We can:

• Provide staff to manage absences

• Work on additional or unexpected work

• Provide short term virtual financial director

Cloud Accounting


Myers Clark is a Cloud Accounting specialist; you can be confident our team will provide advice and support in a pro-active way. The software ensures your financial data is always up to date enabling you to make informed business decisions. By working with us and our Cloud Accounting partners, you will always have access to experts and accounting specialists to ensure your records are correct, compliant and up-to-date.

Cloud Accounting has a number of benefits:

• Ability to share accounts with accountant

• Work in real-time

• Access anywhere at anytime

Outsourcing When the paperwork starts to take up much of your valuable time you can call us in to help. Outsourcing your bookkeeping and accounting needs will increase your efficiency and productivity and save you money. We provide bookkeeping services and management accounts to all sizes of business. You can be confident we will work to your specifications, providing individual advice and information.

We can help with:

• Bookkeeping

• Preparation of annual accounts

• Prepare and submit VAT returns

• Run your payroll

• Prepare and audit your group pension fund

• Provide Auto-Enrolment Pension support

• Take on short-term projects to reduce overload

• Provide efficient, cost-effective tax-planning support


Bookkeeping and Management Accounts Using the latest technology will drive efficiency and productivity, in turn saving your business money. Management accounts provide directors and business owners with valuable financial information; by using the latest cloud software this can be available to business owners 24/7.

We can help with:

• Bookkeeping

• Preparation of monthly, quarterly accounts

• Maintenance of your VAT records and filing returns with HMRC

• Preparation and audit of your group pension fund

• Take on short-term projects to reduce overload

• Cloud Accounting

As partners to Cloud Accounting providers, you can come to us to find alternative ways to complete your bookkeeping, if you don’t want to outsource. You can rely on us to help you choose the right package, implement the software and train your staff to use it effectively.

Outsourcing


Payroll and PAYE Completing your payroll can be time-consuming and often diverts energy away from the core activities of your business. Outsourcing your payroll administration increases efficiency of time and resources. You can alleviate the burden of the complexities of taxation, employment legislation; and penalties for non-compliance. You can rely on our specialists to provide a complete and confidential service, alleviating the administrative burden.

Our confidential payroll service includes:

• Production of payslips

• Completion of statutory forms for employees and HMRC

• Summaries and analyses of staff costs

• Administration of pension schemes and additional payments

• Completion of the annual return of benefits on form PIID


VAT Returns Value Added Tax (VAT) is one of the most complex tax regimes that businesses must adhere to. With the increasing amount of variations within VAT and changes to the regulations, many businesses fall foul when paying the Exchequer. To ensure you don’t overpay or underpay, you can rely on our specialists to complete your returns. Outsourcing your VAT returns will save you time, a benefit to all business sizes. You can be confident that the returns will be completed accurately and on time.

We are able to:

• Assist with VAT registration

• Advise on VAT planning and administration

• VAT control and reconciliation

• Use the most appropriate scheme

• Help complete VAT returns

Payroll and PAYE


Sage Accounts Software Myers Clark are fully accredited Sage Accountant partners, offering great discounts on Sage 50 software purchases, upgrades, stationery and training.

Sage is a software programme aimed to help your business needs. It can help organise and manage your finances, customer relationships, HR, payroll, planning, forecasting and much more. It will make your business more efficient, allowing you to focus on growing your business rather than getting bogged down in the admin and red tape.

As the premier supplier of Sage 50 products and services in the South East, you can come to us for excellent advice, and we can help to install and configure your Sage product for you. Even once your Sage product is up and running, you can ask for help over the phone or we can come to your offices.


Corporate Finance Acquisitions, Mergers and Disposals Sometimes the best way to improve your competitive position in the marketplace is through a merger or acquisition. We can support you through the process of expansion.

Alternatively if you are looking to retire and /or sell, there are a number of options to maximise your return. We understand that selling a business you have worked hard to build can be a difficult decision, so we will discuss with you potential buyers and work to guarantee suitability.

We can help you with:

• Valuing your assets

• Negotiating head of terms

• Completing your due diligence

• Management buyout

Business Valuations There are a variety of types of different valuation methods, and it is vital you have all the necessary information to decide which one is best for you. Initially we will establish the reason for the valuation and work through any additional processes which might need to be completed.

Budgets and ForecastsThis is a process for determining a business’s financial objectives for the short and long term.

To complete this process successfully, you need to have a clear understanding of your business goals and how you will achieve them. Our specialists will review your budgets to assess the best options for increasing shareholder/owner value. The review will provide a basis for future business decisions, and regular progress checks will ensure you stay on track. Together, we will produce sensible budgets so you can monitor day-to-day spending and functionality, and assess outcomes in detail.

We can help with:

• Budgeting and planning

• Business evaluation and development

• Growth modelling

• Financial and pricing decisions


Audit, Accounts and Tax Audit Entity owners tend to regard the annual audit and preparation of annual accounts as an unavoidable statutory cost. This is an opportunity to seek information about ways to develop and be more profitable.

Audits are governed by the Companies Act and by the International Standards on Auditing (UK and Ireland) and Myers Clark are monitored by the Institute of Chartered Accountants in England and Wales (ICAEW) to ensure we are compliant.

A review of your current position can offer ways to add value, save money and improve efficiency. Your annual report is an excellent way to enhance your image, and outsiders’ and your staff’s perceptions. Highlighting the areas which require development will act as an opportunity to develop your plans and strategies.

We can help you:

• Meet your statutory requirements

• Conduct a review of financial and management systems

AccountsYou can use our specialists to prepare your accounts to ensure they are compliant with all the statutory and accounting requirements. HMRC now require all businesses to keep proper accounting records and Myers Clark will help you comply.

We can help you:

• Prepare annual accounts

• Transform internal accounts to statutory accounts

• Identify areas for improvement

• Assist in increasing tax efficiency

Service Charges Service charges cover the costs of maintaining and running buildings under multiple occupations, including communal areas. There are legal requirements for those operating in the property management industry and we are experts at customer compliance.

Regulations regarding property tend to change at practically every budget announcement. It is important for landlords and management companies to maintain compliance to any changes. You can seek advice and guidance all year round from our specialist team.


Corporate Tax Planning Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.

You can access a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation.

These include:

• Determining the most tax effective structure for your business

• Taking full advantage of tax opportunities and reliefs

• Achieving the optimum capital or revenue tax treatment

• Reducing tax on disposals and maximising relief on acquisitions

• Making the most of tax opportunities specific to your industry

• Meeting the rigorous demands of compliance, including corporation tax self-assessment

• Acting on your behalf in discussions with the tax authorities.

Efficient corporate tax planning can result in potentially significant improvements in your bottom line.

Audit, Accounts and Tax


Business Development It is important you have a sales and marketing strategy which is frequently reviewed to ensure your company is as client-focused as possible. To ensure your business’ longevity, we provide strategies to help you successfully adapt to the changes in the business environment.

You are invited to attend a complimentary marketing workshop, to increase your knowledge and enable you to:

• Improve profitability

• Promote an strong company image

• Be client-focused

• Improve customer service

• Stay ahead of competitors

Non-Executive Financial DirectorYou may not be able to afford to employ your own financial director, but you can utilise the services of a qualified Finance Director who is available at times convenient for you. Excellent management practices are essential to a successful business. Often strategic planning is forgotten. As part of your board, together we will ensure your plan can be implemented in day-to-day work and visiting as required. Having a non-executive director service ensures future success and expansion.

We can provide:

• Help your business progress and develop into the organisation that you dream of

• Help you achieve your long term goals

• Provide strategic direction on issues such as tax planning, profit extraction and wealth management

• Highlight the pros and cons of proposed business strategies

• Consider the accuracy of financial information and robust financial controls


Retirement Planning Business Development Retirement Strategies and Exit PlanningIf you own a business, you should consider your exit strategy. Will you withdraw from the business, leaving it for the next generation, or do you plan to sell the business? If you intend to hand the business over, do you have a workable succession plan? If you intend to sell, how will you value the business or find a suitable buyer? Are you aware of all the tax implications regarding the timing of disposals?

We can advise on the following:

• Creating a succession plan

• Valuing your business

• Timing of an exit

• Tax efficient profit and capital extraction

• Protection of the business

• Interaction with inheritance tax

Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS)Are you a small company that needs to attract finance? The Enterprise Investment Scheme and Seed Enterprise Investment Schemes help smaller trading companies to raise finance by offering shares that come with a range of tax reliefs to attract investors.

We are able to assist and guide you through the process of registering as a qualifying company to ensure that the tax reliefs are available to your investors.

www.myersclark.co.ukwww.myersclark.co.uk

Contact Us

Please do not hesitate to contact us by telephone on 01923 224411, or by email at [email protected].

If you would like to email a specific person, visit www.myersclark.co.uk and find the most appropriate person for your query.

Alternatively, if you would like to come to our Watford offices for a meeting, please call and we will book you an appointment.

Our office is located next to Watford Junction Train Station, providing journey times to London Euston in 15 minutes, and easy access to the M25 and M1.

Myers Clark Chartered Accountants Iveco House Station Road Watford WD17 1DL

Tel: 01923 224411 Fax: 01923 235303

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Business Services...Working with you Myers Clark | Business Services Achieving the best for you is our priority. You want to be certain that the best people are looking after your