Smart Solutions for Small Businesses

 

News just in! we’ve got into the national finals of the prestigious Accounting Excellence Awards! there’s us and three others in the final for our category (Small Firm of the Year) and we’re chuffed to bits, as you can imagine.

We’re back at work from the office now so this is great timing and a real boost.

We’d love to thank all our lovely clients for standing by us and supporting us during this time and we want to reassure you that we are as keen as ever to make sure that you get the support and information you need to run your business. Please email us of you’ve got any questions about your accounts, or a query (even if you’re not yet a client). David@theaccountancypractice.com or call us on 01763 257882

There’s a lovely article published by The Listing Magazine about this, if you click here you can read it


FREE MENTORING FOR 2020

We’re now in recovery mode and it’s a very different landscape for most businesses. So if you’re LOOKING FOR SOME FREE MENTORING SUPPORT, have you heard about this?

As you may have noticed, we’ve been providing mentoring for our clients for the last couple of years and we’re proud that our Helen Froggett-Thomson has been chosen to head up a team of business mentors on behalf of The University of Hertfordshire, the Local Enterprise Council and Hertfordshire Growth Hub. If you would like to find out more about this free service for Hertfordshire based companies, whereby any small business can apply for up to six months ‘sounding board’ support (at whatever level you need) then please email Helen to find out more on helen@theaccountancypractice.com

 


THE ROAD TO RECOVERY

I imagine that like us, you are anxious to do everything you can to keep your business afloat. We want to keep you informed. There’s almost information overload at the moment so we’re sifting through the HMRC updates to pass on vital information which can help you make the right decisions. We are also providing links to official sources so you can check out for yourself 🙂

Here’s a link to all our updates via our blog posts, on all the schemes the government has launched:

What small businesses need to do right now

Vat changes – how will the reduction affect you?

How to apply for VAT and tax payment delays (post June 30th 2020)

New changes to Furlough Scheme and SEISS schemes (30th May)

Furlough Scheme

Self Employed Income Support Scheme (SEISS)

Bounce Back Loan Scheme

Glossary of the terms

Frequently Asked Questions

 

We are sending out regular updates via email. If you would like to subscribe to our newsletter please click here

Please do give us a call 01763 257882. There’s no time to waste. Let’s discuss practical things to help your business today!  We are all going to need to be adaptable and adapt fast!

Afraid we can’t meet face to face for a while (obviously) but are happy to skype, phone or do any other online method you prefer. Even if you’re not a client, we will be very happy to talk you through your situation and options, for free.

Because we help you look after your finances we’re perfectly positioned to help you and provide a sounding board when the going gets tough. And it doesn’t get much tougher than this.


**NEW SERVICE** If you would like to speak to John Froggett, about any matters relating to lockdown, loneliness as well as finance and support options, please call him directly on 07900210808

John was a volunteer for Samaritans (as you may have seen in his biog on here) and is very keen to be there for any clients who would like to get in touch.


Tolerance and compassion are needed more than ever to help each other keep going. If there’s anything we can do to help you, we will.

Please just call 01763 257882 (07900 210808 for John) or email david@theaccountancypractice.com


‘You’re nothing like my accountant…

you’re so full of life!’ Charlie Thompson on BBC Radio Cambridgeshire

This is music to our ears, as we are often told that we’re a little different to the stereotype and general perception of how accountants think and act! We feel we’re quite unique, whether that’s down to seven of our ten strong team being from the same family, our ethos and belief in developing a healthy work life balance and ‘giving something back’ by supporting the local community or our genuine love of what we do. Or all three? Who knows?

What we do know is that we at The Accountancy Practice strive to be friendly, down to earth and approachable. Welcome to our website and thanks for checking us out!

Our seven family members come from two generations, and we’re on hand to help you at whatever level you need to make your business life easier. And we were really delighted to become finalists for the prestigious Hertfordshire Business Awards for Best Family Business! Our family values centre around Commitment, Compassion and Collaboration and we practice what we preach! In addition to the necessary tax returns, accounts submissions, bookkeeping and payroll side of things, if you’re interested, we can also help you understand and manage your accounts, reduce your tax bill, and increase your profits. We aim to demystify your accounts and help you make the right strategic decisions by casting an expert eye on your business. We are proud to offer a pro-active, professional, jargon free service at an affordable price. Ultimately, we want to help you make your business work for you and become your non-judgmental, straight talking business ally.

Regardless of how large or small your business is, all our clients are regarded as equal and receive the same respectful level of care. We would put together a tailored package suited to you. Every client is important to us, so whether it’s simply your self employed tax return, payroll for your team or a more complex set of limited company accounts, our team of accountants and associates have a vast array of skill sets designed to provide a top class service to all our clients.

If you feel you need a bit more support and don’t know where to turn, do get in touch. In addition to the basic accounts work, we can provide an unbiased sounding board to help plan your strategy moving forwards and help generate ideas for getting your business where you need it to be. We believe that a healthy work life balance is essential and so we take a more ‘holistic view’, caring about your balance as well as that of your books! Our founder John has over forty years experience dealing with companies of all sizes and is on hand to help. Who better than someone who can see what’s happening in your business and has the figures to hand? John would love to hear from you if you need that little bit extra from us.

Click here if you’d like to watch two of our clients explain what sets us apart as far as they are concerned

Click here if you’d like to hear John talking about meditation at a recent business breakfast.

We are well aware that businesses need flexibility as well as down to earth advice and we pride ourselves on taking a weight off your shoulders so you can put your energy into your business.

The role and the benefits of using an accountant are evolving. Increasingly we are being seen as mentoring business advisers rather than traditional number crunchers so having a personal relationship with you is very important to us. We’d love to hear from you, to see if we are the right team for your business.

Please click here if you would like to read more about our approach to life. It includes our pledge to you, what you can hope to expect from us in terms of service and approach as well as our thoughts on healthy work/life balance and things you can do to help yourself achieve it.

Please click here if you’d like to see our profile in press, radio, magazine, local TV as well as speaking events

If you’d like to find out more about our team and 20 plus year history, please click here.

We’d love to hear from you if you’d like to see if we’re the right accountancy practice for you. Sometimes it’s easier to talk about your business rather than email. And there’s absolutely no obligation. Please ring us now for a chat on 01763 257882 or if you prefer, get in contact here. Really hope to hear from you soon!

 

 

Delighted to be nominated for Best Family Business and Best Small Business,

thanks to everyone who voted for us!

How we help

UPDATE: DUE TO CORONAVIRUS WE ARE WORKING FROM HOME. Please email david@theaccountancypractice.com rather than phone as that’s more efficient for us right now. Also we are happy to help clients and non clients alike, for no charge at present.

No matter the size of your organisation, your accountant should be a vital part of the team. And like any team, you need trust, regular communication, and a strong relationship to achieve the best results. Whether this is face to face or online it’s up to you. Here’s an introduction to David and John!

Perhaps you are looking for an accountancy service to streamline your systems and make them simple to maintain and update? Or maybe you’re just starting a business and have heard that your accountant is the small business owner’s best friend? Perhaps you are looking for an efficient, accessible service where you can speak to someone about your specific needs or concerns, who doesn’t charge you by the minute for the privilege?

Our office is in Royston, Hertfordshire, so you are free to visit us here and also meet the team. Here’s a couple of little videos (from the south A10) and (from the north A10/A505) we created to help you find us and the best place to park- and reduce the stress of the unknown! We work with clients all over the country and provide a full range of accountancy services for forward thinking local and international businesses. We specialise in small businesses, whether sole traders, limited companies, freelancers and can help you with year end accounts, tax returns and computations, PAYE, VAT, payroll, CIS returns and bookkeeping, in addition to strategic advice and business planning.

There are two generations here to help you, with bang up to date training and qualifications. This means we have the old fashioned knowledge and personal service ethos underpinning our up to date systems, enabling you to be presenting your best business self to YOUR customers.

Click here to read more about us!

Click here to watch a little video where a few of us explain our roles and why our paths might cross.

Click here if you’d like to see two of our clients explain why they use us

We’d love to help.

View Services

What small businesses need to do right now

We’ve compiled a check list of questions you might find helpful in your recovery which will affect most businesses right now. Some might be familiar and...

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VAT changes – what, who and how will the 5% reduction affect you?

VAT changes – what, who and how will this affect your business?   First off, you will need to be in the hospitality or ‘attractions’...

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How to get extra time to pay VAT and other HMRC taxes

You will no doubt be aware that HMRC offered businesses the option to defer their payment of VAT for the period up til the end...

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How is the furlough system changing from 1st August?

UPDATE – HOW IS THE FURLOUGH SCHEME CHANGING FROM 1st AUGUST? The government are weaning us off their furlough system and from August 1, employers...

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Changes to Furlough and SEISS schemes 30th May 2020

All change! Here’s the low down…   You might well have heard snippets of info about the just announced changes to both the furlough scheme...

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The Furlough Scheme

WHAT YOU NEED TO KNOW Updated 13th May 2020    FURLOUGH HAS BEEN EXTENDED TO THE END OF OCTOBER 2020. Which means a total of 8...

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ONLINE ACCOUNTING WITH XERO

We are proud partners with XERO and have recently been elevated to GOLD partner status. We are delighted to be working with them to provide truly time saving and effective online solutions for our clients. XERO helps us work towards our goal of being paper free, and that goes for you, the client too, and we’ve seen over the last few years how their offer efficient and competitively priced cutting edge accountancy cloud based software is making life so much easier for our clients. They also enable us to provide free training in the systems for you, which are really user friendly and quick to pick up and they are always on hand for any support we might need. A real win/win situation.

And if you are already online with a different provider, migrating from one system to another couldn’t be easier. XERO have very efficient systems and support to make sure it all runs smoothly. In addition, in case joining us means you need to change accountants, once given permission, we can do all the liaison with your old accountant if that’s something which suits you/is needed.

Our online accounting system has been chosen so it can meet the needs of small business owners across the UK. This means you can do your accounts online and have access to your own portal where you can view, sign and send documents at any time.

XERO is the emerging global leader of online accounting software that connects small businesses to their advisors and other services. XERO provides business owners with real-time visibility of their financial position and performance in a way that’s simple, smart and secure.

For accountants, XERO forges a trusted relationship with clients through online collaboration and gives accountants the opportunity to extend their services.

Learn More

Family Values

Our family run firm focuses on helping start ups and small businesses and as one ourselves, we can empathise with your challenges and opportunities and provide support as and when needed. As you will see, we also pride ourselves on having a down to earth approach and taking into account the work life balance of our clients, as well as your tax position. This also extends to our team.
We have taken a lot of care to hand over the business in a managed fashion from one generation to the next and we were used as a case study in Accounting Web magazine. If you’re interested to see how we did it, please click here to read the feature.

Presenting a consistent and friendly face in the local community as well as to our clients means family values such as commitment, compassion and collaboration are top of our agenda, and our ‘family-ness’ provides support, flexibility and most importantly continuity for the business, for the family as well as our clients. We are also enthusiastic advocates for local networking group and here’s a clip of what it’s like to be part of Royston Business Network. If you’re local and interested do please get in touch.

We are proud to be the first Ambassadors for Home-Start Hertfordshire. 

We have sponsored a charity CD in aid of Home-Start Herts for which we raised £400 of much needed funds.

Here’s some information about the release thanks to the local paper

All money raised went to Home-Start Hertfordshire to help parents with children under ten years old, cope with the ever increasing stresses of bringing up a family.

We like to share our experiences of working with a family team and what we’ve learned along the way, here’s one of our articles in The Sticks Magazine 

We believe we have the highest number of family members of any local business in our area with seven of our ten strong team being family members! ‘When I started the business twenty years ago, with five children under ten, I had no idea that it would appeal to my sons David and Adam, and their other halves, who are taking the business forward. This has been a god send’

Inevitably succession planning has been a major consideration which has been carefully handled and executed. ‘My two sons have been taking their exams non stop since they joined a few years ago, David for example has just passed his 22nd exam – all passed first time- and we now have capacity for expansion. We have an unprecedented number of new clients joining us, particularly because David and Adam are appealing to the younger entrepreneurs and we can provide a broader range of services. This will ensure the future of the business and is exactly what we were hoping would happen when we sat down last year to plan the full integration of the next generation. This organic growth has now resulted in some exciting role changes. I am delighted to announce that I have moved into Chairman role and David has been made Managing Director’.

We are proud of our family focus and can often be heard referring to it over the airwaves! A recent visit to BBC Cambridgeshire found presenter Charlie Thompson exclaiming that he’d never met an accountant quite like John, ‘so full of life’! There’s never a dull moment in our monthly ‘work/life balance’ guest slots on Cambridge 105 radio and we also sponsor shows on North Herts Radio.  You can find links to these in the section  below this. We are working closely with Home-start Hertfordshire, a charity who also focus on ‘family’, in the wider community and expect to become an Ambassador for the charity in Hertfordshire.

John sums up ‘Our aim is to continue to spread altruistic family values into the wider business community and provide an holistic approach with seamless support for start ups and small business. Our ‘door always open’ policy encourages anyone who has a tax or accounts query to pop in without an appointment. We won’t judge you, no matter what state your accounts are in! We love a challenge.  And ultimately we are hoping that one day we will welcome the third generation into our team!’

Following our finalist position in Hertfordshire Business Awards for Best Family Business, we’ve been interviewed by Accounting Web UK  about succession planning and leadership training and also have written a two part feature for our local magazine The Listing on Working with your family.

If you’d like to read the first part, it’s here!

If you’d like to read the second part, it’s here!

Our Fees

Have you ever opened your emails and been slapped in the face with a huge accountancy bill you weren’t expecting? We provide a fee structure which offers peace of mind.

With our fixed fee quoting this never needs to happen again. All fees once quoted are fixed and payable via a monthly Direct debit. Meaning you never have to worry about a large accountancy bill wreaking havoc with your cash-flow and we’ve also abandoned the stress inducing ‘bill by the hour’ approach. This means you have unlimited access to us all by phone, email or face to face visits if you need it and what’s more you’ll find we’re down to earth, straight talking, hard working people, just like you

You will find that we have competitive fees. This is a deliberate business policy as we feel you should benefit from your hard graft, not us.
And there’s nothing more satisfying for us to see you plough that money back into your business and watch it grow, or spend it on life’s little luxuries, which for many people is one of the reasons they started the business in the first place!

About Us

Not your average bean counters that’s for sure! We are accountants not just because we love figures but because we also love people! Over the last forty years in business John has noticed that there’s recurring themes arising from his clients, and they don’t just relate to the ‘black and white’ financial aspect of their business.
In fact your figures are often just the tip of the iceberg, the ‘indicators’.

Here’s a little intro from John and David (if you’ve not already watched it) about our values.

David and his team want to support the whole of the business, especially the business owner, in achieving balance in three key areas : Wealth, Health and Harmony. So we thought you might be interested to know about the people who work for you, and not just what they do from 9-5…

Come and read more about us

What the papers say!

To read the story about The Accountancy Practice getting into the finals for the Hertfordshire Business Awards, please click here

 

To be able to read this rather splendid feature in the Royston Crow properly, please click here

 

 

Click here to see our TV and Radio exploits and read online and magazine features

 

Interviews and Features

Here’s some of the articles we’re delighted to have had published on external sites. Some are online and also in print. If you click on the image, you can read our take on a range of subjects which affect many small businesses and start ups. We hope you find them food for thought. Do get in touch if you’d like to discuss any of the content, we’d love to hear from you.

If you would like to read the Embody double page spread, please click here to read the text document.

We’d love to hear from you if you’d like to see if we’re the right accountancy practice for you. Please ring us now for a chat on 01763 257882 or if you prefer, get in contact here. Really hope to hear from you soon!