Are you worried about your family finances?

  Personal Tax Strategies  Personal Tax Planning & Advisory   Income Tax Planning & Advisory
 Pensions Planning   Property Purchase Advisory   Inheritance/CGT Tax Planning
  Tax Dispute Resolution   Trust and Estates   Secretarial, Wills & LPA's   Residence and Domicile

A Joined-up approach

To plan for your personal financial affairs in the most effective way, we take a joined-up approach. We consider the tax, legal and financial planning aspects of every scenario. We have partnered with a team of lawyers and independent financial advisers to bring the best possible solution.

Identify key factors that successful family businesses excel in

  Silver Throne ManagedTM   Family Business Services   Your Business Life Cycle
 Tax Efficient Investments  Succession Planning and Profit Extraction  Outsourcing Services
 Business Funding  Business Restructuring  Tax Compliance & Advisory  Forensic Accounting and Fraud Analysis

Get to grips with the complexities of regulatory environment

  Council of Licensed Conveyancers (CLC)   Solicitors Regulation Authority (SRA)   Estate and Letting Agents
  Charity Audit & Independent Examinations  ATOL Reporting Accountant's Scheme   Cyber Security & IT Governance Audit and Reviews
  Fraud-Prevention Services   Service Charge Accounting and Reporting   Internal Auditing & Due Diligence   Business intelligence

Join us to receive our monthly newsletters

  Tax Resources   Tax Planning Checklist   Downloadable Forms   Cloud Solutions
  Our Publications   Tax Investigation ( FAQ's)   Fee Protection Insurance   Computerised Book keeping
  Financial Planning Guide   Tech Connect   Tax Calendar   How to become a client?

Value for money (VFM)

We don’t take a one size fits all approach to the way we work, nor the way we structure our fees. Some of our clients will prefer to agree to a package of support and a payment plan to the spread costs whilst others need more fluidity to call on us for extra help as they need it. We’re happy and prepared to find an approach that works for you to accomplish your goals.

Hybrid skills of owner managed business experience

  Retail & Wholesale   Online Traders   Charity & Not for Profit
  Leisure, Tourism and Hospitality   Property and Construction   Technology, Media and Communication
  Contractors & Sub-contractors (CIS)   Legal and Professional   Transport, Haulage and Logistics

Understanding You

Whatever your sector, we have the knowledge and capability to identify and understand your needs and ambitions clearly – and help you achieve them with full confidence. We are recognised as accountancy and business advisory firm in a range of key sectors. We’ve achieved this by immersing ourselves in our clients’ businesses to offer tailored and highly impactful strategic guidance.

Manufacturing Companies

Get the right accounting deal for your company

  • No manufacturing company is too small for you to properly track its accounts. Of course, you'll need the right accounting software. There are plenty of packages available, so don't just buy the first one you see. Manufacturing accounting software will probably stay with you for the life of your business, so choose it wisely:
  • Research the available products: Read forums, ask friends and colleagues, find out what other businesses like yours are using
  • Make sure it works for you: Choose accounting software that was created with input from manufacturers, so you know it'll handle your business needs
  • Ensure it's scalable: You're starting small but you may not stay that way so be sure to go for accounting software that will grow with you
  • Aim for the cloud: Cloud-based accounting software will let you access your accounts from anywhere and should cost you less up-front, as well as reducing your IT support costs

Choose the right accounting methods

  • Once you've chosen the right software, you'll need to decide how you're going to use it. That means working out which accounting methods best fit your business. The examples here will give you an overview, but you should discuss this further with your accountant or financial advisor:
  • Job order costing: Generally used for batch manufacturing (as opposed to product tracking). It's calculated by recording labour hours and raw materials units required for each batch.
  • Process costing: Handy if you run a production line, continuously manufacturing the same products or parts. Costs are accounted for by department instead of by job.
  • Activity-based costing: For use when fine-tuning and improving a manufacturing process. This can also be tied to activities such as customer service. Time-driven activity-based costing is a variation of this, which accounts for costs over a given period.
  • Variable costing: Would be used in a similar way to overhead costs, but this varies with production output – the more product you make, the higher the costs.
  • Absorption costing: Used when the product cost includes all variables and fixed manufacturing costs – raw materials, labour costs and factory overhead (FOH).
  • Other costing methods: Depending on where in the world you do business, other terminology might include standard costing, actual costing, weighted average costing and resource consumption accounting. These include elements of the methods listed above, but sometimes in a different structure.
If all this sounds confusing, don't worry. It'll make more sense when you start applying the methods to your own business. There's no one-size-fits-all, and you may find yourself using different methods for different parts of your organisation.


Go Back ↻