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Bookkeeping Services for Small Business

McIntyre Stuart are small business accountants based in Ely and run by Helen McIntyre who has over 25 years’ experience in handling a wide range of bookkeeping and accounting services.

Bookkeeping is the first step in accounting which involves correctly recording your financial data. In comparison, accounting focuses on the interpretation and presentation of the data that has been recorded.

Bookkeeping and Accounting Services

McIntyre Stuart have years of experience providing accounting and bookkeeping services for small businesses across Ely, Cambridge and surrounding areas.

Some of our key bookkeeping and accounting services include:

Accounts Compliance

Keeping accounts up to date and complying with legislation has never been more important. As a company’s ability to obtain credit from suppliers may depend on credit agency reports, it’s important to plan ahead and be organised.

At McIntyre Stuart we can ensure the business accounts you present are compliant with the latest rules and regulations to maximise your chances of obtaining finance and credit.

We can work across company and non-company accounts, such as sole traders and partnerships, and can tailor our services to meet your requirements.

From filing your accounts in good time, to sorting PAYE, VAT and Tax requirements, we can work across the board to ensure every facet of your business accounting is compliant.

Data Entry and Accounts

Data entry is the key to accounts compliance. Maintaining proper accounting records is both a company law and tax law requirement. We have an experienced team who can maintain your accounting records either in our office or at your premises using a variety of innovative accounting software packages.

The support we offer ranges from reviewing data, to complete outsourcing of your finance function. Accurate data entry delivers accurate information on which can help you to make better informed business decisions.

Management Accounts

Regular accounts should be used as a tool for managing a business. They can be produced directly from an accounting system using the accounts data. They are often required by banks for loan and overdraft funding and provide useful information to conduct a tax planning review.

Typically, management accounts might, at entry level, include the following information:

  • Profit and loss account
  • Balance sheet
  • Lists of amounts receivable and payable
  • Monthly trends.

VAT and Payroll

By keeping data entry up to date VAT reports can be readily produced when needed, such as for a review.

We can prepare your VAT reports, complete the VAT returns and even advise on more complex aspects of VAT reporting such as transactions with EU and non EU countries and dealing with the correct treatment of VAT certificates on cross border transactions.

We can also offer advice and set up systems to deal with the interaction of Customs Duty and VAT including duty deferment and the effect on VAT.

We can also deal with many other areas of VAT, including:

  • VAT retail schemes
  • Annual accounting
  • Cash accounting
  • Margin schemes
  • Intrastat returns

VAT returns must be filed online and payment made electronically, and as Making Tax Digital experts we are fully equipped and trained to convert your account data onto online records.

Who We Work With

We are dedicated to providing an exceptional accounting service to small and medium businesses across a range of sectors. While we specialise in construction accounting, we also work for a range of other business types including hospitality, care homes, nurseries and retail.

We can also work with sole traders and partnerships to keep your accounts compliant and in order.

Why choose McIntyre Stuart

  • We are Making Tax Digital experts
  • Quickbooks Pro Advisors
  • Many of our clients have been with us since the 1990s
  • Bespoke accounting and bookkeeping services
  • Over 25 years’ experience

If you’re looking for accountants Ely or bookkeeping services for small businesses, contact us today to book a free consultation.

FAQs

We could write a lot about why bookkeeping is important for businesses, but in simple terms it’s important to ensure that all your accounts data is recorded correctly to ensure that it can be filed, submitted, reviewed and collated for accounting compliance purposes. This will ensure that you do not get into trouble with financial authorities and that you can have easier access to credit should you need it.

Making Tax Digital is a government initiative to streamline tax records and reports by moving them online. At McIntyre Stuart we are Making Tax Digital experts.

While we recommend consulting an accountant to see whether completely outsourcing your business accounting is right for you, there are some notable benefits to consider. These benefits can include, saving costs on overheads, saving time and resources, and guaranteeing a high level of expertise and proficiency with your businesses bookkeeping and accounting.