Financial & Management Accounting

Accountancy is centred on taking control of business finances. We are here to help you stay on the right track. Our services extend across organisations within all areas of the business community, from the Sole Traders, to Partnerships and through to much larger Corporations.

Our services range from preparing the basic accounts through to providing support and assistance in many other areas of running a business. 

There is of course an important compliance element to accounts production for tax purposes and we assist you in making sure you are doing things right and in the best way, avoiding unnecessary hassle with the "tax man", or even breaking the law.

Advice is provided at every step of the way, from ensuring new business start-ups are on the right footing for success; to more established organisations where we provide ongoing review of your business, making suggestions as to how to expand and develop the business in line with your goals.

Within this we can help with advice on how to produce accurate and routine management accounts, as well as the development of business tools such as forecasts and cash flows to help you manage your business.

Our service is tailored to meet the individual needs of our clients. Our promise to you is to explain the importance of whatever we do and how we will help pass this to you in making sure you are in control.

Although not an exhaustive list, contact us for help with:

  • Preparation of statutory accounts
  • Maintenance of accounting records
  • Management accounts in a format that suits you
  • Business start-up and development advice
  • Performance review
  • Profit and cash flow projections
  • Business Advice and mentoring
  • Interim management resources
  • Benchmarking against competitors
  • Company Secretarial support

Is it a car – or is it a van?

Is it a car – or is it a van?

In terms of tax, providing employees with a vehicle which fits within the definition of a van, rather than a car, can be very worthwhile. This is equally relevant to company directors, who are also treated as company employees. A recent tax case sheds interesting light on how cars and vans are defined for income tax purposes.

Is your business owed money?

Is your business owed money?

The ‘scourge of late payment’ was specifically mentioned in the government’s Spring Statement this year. There is government consultation in the pipeline, but with 20% of small businesses running into cash flow difficulties because their bills are paid late, December 2017 saw a new service launched to help.

Welsh Land Transaction Tax introduced

Welsh Land Transaction Tax introduced

From 1 April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT). LTT will be collected by the Welsh Revenue Authority (WRA).

The changing face of accounting

The changing face of accounting

The very nature of accountancy has experienced major transformations recently, with cloud accounting software becoming progressively advanced, cost-effective and easily available to businesses of all sizes, the shift towards complete digitalisation is within sight.

Merry Christmas

Merry Christmas

Wishing you a Merry Christmas and a prosperous New Year from all at Whittingham Riddell

How does Making Tax Digital effect my business?

The government has announced a revised timetable for the introduction of MTDfB....

Making Tax Digital (MTD) Update – VAT Specific

Making Tax Digital (MTD) Update – VAT Specific

The government’s much-publicised plans for Making Tax Digital for Business (MTDfB) are taking a slower approach, giving businesses longer to get ready for change…

Autumn Budget Summary 2017

The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017…

Scottish Budget Proposals

Scottish Budget Proposals

On 14 December, the Scottish Budget will set out the Scottish Government's financial and tax plans.

Simple assessment - self assessment

self assessment

HMRC have changed the way in which they will assess some taxpayers removing the need for these individuals to complete a Self Assessment Tax Return. 

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Latest Financial & Management Accounting News

  • Is it a car – or is it a van?
    26/06/18

    In terms of tax, providing employees with a vehicle which fits within the definition of a van, rather than a car, can be very worthwhile. This is equally relevant to company directors, who are also treated as company employees. A recent tax case sheds interesting light on how cars and vans are defined for income tax purposes.

  • Is your business owed money?
    19/06/18

    The ‘scourge of late payment’ was specifically mentioned in the government’s Spring Statement this year. There is government consultation in the pipeline, but with 20% of small businesses running into cash flow difficulties because their bills are paid late, December 2017 saw a new service launched to help.

  • Welsh Land Transaction Tax introduced
    11/04/18

    From 1 April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT). LTT will be collected by the Welsh Revenue Authority (WRA).

  • The changing face of accounting
    27/01/18

    The very nature of accountancy has experienced major transformations recently, with cloud accounting software becoming progressively advanced, cost-effective and easily available to businesses of all sizes, the shift towards complete digitalisation is within sight.

  • Merry Christmas
    15/12/17

    Wishing you a Merry Christmas and a prosperous New Year from all at Whittingham Riddell

  • 12/12/17

    The government has announced a revised timetable for the introduction of MTDfB....

  • Making Tax Digital (MTD) Update – VAT Specific
    04/12/17

    The government’s much-publicised plans for Making Tax Digital for Business (MTDfB) are taking a slower approach, giving businesses longer to get ready for change…

  • 29/11/17

    The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017…

  • Scottish Budget Proposals
    21/11/17

    On 14 December, the Scottish Budget will set out the Scottish Government's financial and tax plans.

  • self assessment
    13/11/17

    HMRC have changed the way in which they will assess some taxpayers removing the need for these individuals to complete a Self Assessment Tax Return.