Avonmead is an established Chartered Certified Accountancy Practice which supports clients across the UK with a wide range of accounting and financial services. As an award-winning firm of chartered accountants, we pride ourselves on offering an effective high value solution to your accountancy and your tax planning needs. We deliver timely individual advice as well as innovative and accessible web based accounting which extends our services to anyone in South Wales looking for chartered accountants Cardiff or accountants in Cardiff Bay.
The cost of an accountant for small business can vary, for example small business accountants in Cardiff handling year-end accounts and company tax returns might charge around £500 per annum for a very basic service up to several thousands of pounds depending on the specific requirements. However, it is important to note, you should look to find an accountant who will provide fixed fee quotes and not just reliant on hourly rates, as costs can easily build up without you knowing and can lead to difficulties in budgeting. For example, here at Avonmead we offer a fixed monthly fee to help ensure our clients know in advance any costings, which can then be included within their monthly forecasts.
Small businesses are often discouraged from seeking professional financial advice due to the associated costs, but a good accountant will often save you more in tax than what you will pay for their services! Here at Avonmead though many of our clients often rely on us as their sole business advisors and chartered accountants, we also offer a range of affordable and fixed price professional services.
Contractors often ask if they need an accountant. As a contractor, you want to make sure you are receiving the relevant services in order to be compliant with HMRC and Companies House, as well as receiving the relevant tax planning to maximise your take home pay. There are several services that won’t be applicable to someone contracting through a limited company and therefore it’s important you aren’t paying for these services.
Therefore, at Avonmead we offer a number of contractor accountancy services which are tailored to a contractor operating through a limited company, and so we often act for example as contractor accountants in Cardiff, and even support those looking for medical accountants in Cardiff.
Bookkeeping is storing and recording the core transactions of the business, reconciling bank transactions to ensure completeness, analysing purchase invoices etc, whilst accounting tends to be the analysis of this data and converting them into meaningful reports to assess the performance of the business, tax calculations and the preparation of accounts for public record or HMRC.
Overall, it is important to assess the value which an accountant offers. QuickBooks or a similar cloud accounting software is great for keeping track of day to day accounts as business owners, but it doesn’t advise you on the nitty gritty of your business needs, for example if you need to cover national insurance of an employee, how to apply for the coronavirus job retention scheme, or how to adjust payroll in December with furloughed employees. It is worth considering the additional advice you receive relevant to your requirements and business plans, as an accountant may help you increase profits, reduce costs or save tax.
For example, since Covid-19, Avonmead has provided additional proactive advice on Covid initiatives such as the Job Retention Scheme CJRS, HMRC extended deadlines on tax, regulations regarding Limited Liability Partnership (LLP) and being a member of a partnership, as well as on the spot advice when a support scheme have changed i.e. furlough scheme extended.
We understand every client's circumstances and requirements are different and welcome the opportunity to arrange a call with you or a Zoom meeting to discuss your business requirements and how we can support you.
We will provide you with a fixed fee quotation and you will be supported by our fantastic team of UK accountants.
As chartered accountants, we are regulated by the ACCA (the Association of Chartered Certified Accountants), and this together with our outstanding reviews from our clients is a key measure of our high services and standards.
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Avonmead Chartered Certified Accountants is a trading name of Avonmead Ltd (registered number 10972902) a limited liability company registered in England and Wales.