Empowering Charities & Small Businesses with Expert Financial Guidance

Fixed-fee accounting provides several distinct advantages over traditional hourly billing. First, it eliminates surprise bills by offering cost certainty, which simplifies financial planning. Additionally, you benefit from predictable monthly costs that cover all routine accounting needs. Moreover, this model encourages regular communication with your accountant without concerns about accumulating extra charges.

As HMRC-authorised agents, we deliver comprehensive MTD support through multiple services. Initially, we configure MTD-compatible accounting software and migrate your existing financial data. Subsequently, we maintain proper digital records and handle digital VAT return submissions. Furthermore, we provide staff training and continuously monitor evolving MTD requirements to ensure ongoing compliance.

Small businesses typically require several essential accounting services. Core offerings include bookkeeping, VAT return preparation, and payroll processing. Additionally, annual accounts preparation and corporation tax compliance form critical components. Depending on your business size and industry, we might also recommend management reporting services. Ultimately, we customize packages to match your specific operational requirements while maintaining full HMRC compliance.

Charities must maintain comprehensive financial documentation for compliance and transparency. Essential records include complete bank statements, itemized receipts, and detailed payment records. Equally important are grant documentation, payroll records, and asset registers. Additionally, trustee meeting minutes discussing financial matters require secure storage. While most records need retention for at least 6 years, some governing documents may mandate longer preservation periods.

Several key factors determine when a charity requires a full audit. Primarily, organizations with gross income exceeding £1 million must undergo audits. Similarly, charities whose governing documents specify audit requirements must comply regardless of income level. Some smaller charities with complex financial arrangements might also benefit from voluntary audits. We provide tailored advice to determine the most appropriate level of financial scrutiny for your charity's specific circumstances.

An independent examination serves as an intermediate financial review option for charities. Conducted by a qualified independent accountant, it's mandatory for charities with incomes between £25,000-£1 million (unless their governing documents require an audit). While more affordable than full audits, this examination still provides essential financial oversight and ensures compliance with Charity Commission regulations.