Our Services

From general accounting compliance through to advice on tax efficient profit extraction, we are there for our clients through every stage of their journey.

Accounts & Business Advisors

OUR SERVICES

ACCOUNTANCY

TAX COMPLIANCE

TAX PLANNING

OUTSOURCING

PRIVATE CLIENTS

WEALTH MANAGEMENT

CONSULTANCY

COMPANY SECRETARIAL

EXPERT WITNESS

ACCOUNTANCY

If you require a chartered accountant to prepare your statutory accounts, corporation tax computation and CT600 we offer a safe and friendly pair of hands. Once we have prepared your accounts we will raise any issues or concerns that we find during the preparation process.


Accounts preparation work is undertaken on a fixed fee basis which will be discussed with you before any work is commenced to ensure that there are no unpleasant surprises. We will also discuss with you where you can save on accountancy fees by adapting current systems and practice- useful if you are on a tight budget and have the capacity to take on more of the ground work internally.


We have experience introducing new accounting software to your business and ensuring the changeover runs smoothly. As a firm we are a Xero partner which means we can offer discounted rates on the software packages and also provide training and additional support as required.

TAXATION - COMPLIANCE

We are experienced in providing personal tax services to high net worth individuals both UK and overseas residents. Through working with us you will be provided with the peace of mind that your liability has been correctly calculated and will be submitted on time. You will also be reminded how and when to make all payments throughout the year all for a fixed annual fee.

For business tax clients, we do not stop at simply preparing the corporation tax computation and CT600 we take the time to review with you where you may be able to save tax such as via pension contributions or P11d employee benefits. These suggestions are communicated with you during an annual partner review meeting.

For those clients with company cars/ health insurance or other Benefits In Kind going we will ensure that your P11d obligations are met, the correct amount of class 1A is calculated and paid over to HMRC.

Alongside personal and business taxes we also offer advice and assistance in the event of bereavement and can guide you through the maze of probate IHT compliance and form filling during a difficult time.

TAXATION - PLANNING

We cover all areas of tax planning for small owner managed business and individuals including corporate taxes, capital gains, inheritance tax and personal tax ensuring that you are not paying more tax than you need to be.

We frequently advise clients on issues such as choice of business structure, tax efficient cash extraction & reorganisations as well as industry specific planning such as R&D tax credits and film tax credits.

All fees for tax planning work will be discussed upfront and before the appointment is undertaken.

OUTSOURCING FOR SMALL BUSINESSES

Many business owners simply want their bookkeeping, accounting, payroll, company secretarial and taxation responsibilities to be taken care of so that they can get on with the task of running and growing their business without having to worry about submissions being late or penalties for errors.

We can take care of all of this for you depending on your needs, how much you wish to spend and the level of reporting you require.

For businesses at the tricky in between stages of not really needing a complete internal accounts department we can also fill in the gaps as a cost effective temporary solution or a handy back up for when times are busy. This can be a valuable and cost-effective solution for growing businesses who need minimal higher-level input.

We regularly assist clients with the training of junior accounts staff ensuring that good practice and habits are instilled in to your business structure at all levels.

Fees are charged at an hourly rate dependant on seniority.

PRIVATE CLIENTS

We recognise that managing your accountancy requirements at the same time as living a hectic life style can be impossible to keep on top of. For this reason, we offer a complete service to your accounting needs. Not only do we take care of the bookkeeping, VAT returns and payroll for you we also pay your suppliers, manage your filing, and store all your records on site so you don’t need to keep them in your own home.

We deal directly with your agents and manage debtors, chase any outstanding invoices on your behalf and ensure that nothing is over looked. All supplier bills are sent directly to us and we ensure that they are paid within the agreed terms notifying you of every transaction. We will pay your salary each month directly into your personal account and ensure that all obligations are taken care of.

For musicians, we deal directly with your label to track record sales and if you don’t have a publisher we can also manage your royalty income with PRS.

Fees are tiered depending on requirements- please contact us for more details.

WEALTH MANAGEMENT

We work alongside Nick How at Vintage Wealth to offer our clients full access to financial services advice.

If you are looking to buy either your first home, a holiday home or a buy to let we can help you decide on the budget, how much deposit you are able to raise and the most tax efficient way of extracting the cash funds from the company. Via Nick we have access to trusted brokers who have a wealth of contacts and market insight to share with you who will ensure the process runs smoothly.

We regularly advise on matters such as pension and retirement planning and work with you to ensure that by retirement age you will be able to sustain the lifestyle that you choose. This may be in the form of a traditional pension or many varied and alternative structures depending on circumstance.

It is important to ensure that you are protected in case of any unfortunate change in circumstance that may affect your earning capacity and consequent ability to pay off any existing borrowings and again we can offer you advice on the best polices for your needs.

Outside of the more structured investment planning we regularly advice clients looking to take advantage of the benefits offered by the SEIS and EIS schemes -both those wishing to invest themselves and those seeking investment.

CONSULTANCY

Running a business can be a lonely and frustrating experience, particularly if you are the sole director and shareholder of your company. Shouldering all decisions and responsibilities on a daily basis can quickly become draining. Often a quick catch up with your accountant to share those burdens either over coffee, lunch or a beer can be all that is needed to re energise you.

You may also wish to engage us to assist with, or lead, monthly or quarterly board meetings to discuss current performance levels, threats and opportunities that the business is facing.

We can help you to identify a medium and long- term strategy for your business, through working with you to set tangible and realistic targets, which identify the strengths and weakness in current operations. Once targets have been agreed we will continue to work with you wherever we are needed to monitor your progress using benchmarking tools to ensure that you stay on course.

Equally you may simply have a new idea for the existing business or initiative for a new venture and wish to discuss it with a professional, either strategically or from a taxation perspective, before taking the next step. For this and any other ad hoc requirements we are only a phone call away.

COMPANY SECRETARIAL

We offer all standard company secretarial services but with the added dimension of Bryony's dual legal and accounting qualification.

Bryony has written an academic paper on the effectiveness of current company law and suggested various necessary reforms necessary to ensure that the legislation is fit for purpose.

Services include:

- Company formation
- Capital and share reorganisations
- Appointment and termination of directors
- Company strike off or restoration
- Review of Articles of Associations in conjunction with the shareholders agreement (if applicable)
- Advice on governance and best practice
- Provision of board minute and shareholder resolution templates

EXPERT WITNESS

Lawyers and barristers rely on chartered accountants and business advisors for specialist knowledge in order to build a successful case. We have experience liaising with legal advisors and can act for individuals, businesses, liquidators or lawyers as an independent expert.

We also act directly for businesses or individuals looking to avoid the high costs of a formal legal action by examining the strengths of your case in an impartial and independent capacity. The aim is to facilitate an acceptable resolution for all parties at a fraction of the cost of litigation.

Areas we have advised on in the past include:

- Shareholder and partnership disputes
- Fee disputes
- Financial disputes
- Fraud investigations
- Business valuation

get in touch now

Get in touch via phone, fax, email, or alternatively send us a message via our contact form.

Please note that due to Covid-19 all staff are currently working from home therefore we kindly request that you send an email in the first instance and we will provide you with a personal mobile number for all future ocassions.

  • E-mail General: info@balmforthassociates.co.uk

  • E-mail Bryony: bbalmforth@balmforthassociates.co.uk

  • E-mail Vicky: vwestcott@balmforthassociates.co.uk