Specialist licensed trade services accounting requirements, for a competitive fixed monthly fee. Call us today to discuss our introductory client special offers.Learn More
Our mission is to put personality into accountancy making financial management less complex and more affordable – We are not typical high street accountants.Learn More
Katy and Fairmile accounting have been outstanding – They helped us with a difficult transition to our new company and have been there every step of the way – Nothing is ever too much trouble.
All the monthly data is clear and easily understood and all the systems they have in place for collecting data are spot on – All in all Fairmile are a slick organised company who I’m sure will continue to grow and succeed.
Penny Middleton Burn – The Crown DialpostLearn More
Rachel Slater, Finance Director, Frontline Inns Ltd
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Choosing a specialist Licensed Trade accountant, can make a huge difference to your pub, bar or restaurant – Here is a list of things you should expect to ensure you maximise your return on investment: Smooth transition – The process of changing accountant should be seamless, not time consuming. Once you have given notice to your current accountant (if applicable), your newly appointed accountant should manage this process in its entirety, processing relevant documentation and keeping you regularly informed without taking up your valuable time. Efficient data collection – This should be prompt and efficient – You should expect clear guidelines on information required of you – Your accountant should help you to create a system to ensure records are complete and be pro-active in gathering this data (in person, by post or online), saving you time and hassle. Regular management information – You should receive prompt and accurate management accounts, in a clearly presented, understandable format. Your accountant should be available on the phone to talk things through if required. Benchmarking and commentary on results – Your accountant should offer valuable commentary, allowing you to understand how your business is performing in comparison to similar sized businesses. They should deliver margin analysis on different areas of your business (i.e wet and dry) and and share proactive ideas to help you improve profitability. Hassle free payroll – With the introduction of Real Time Information from PAYE, it is crucial that your accountant manages this key task, giving clear directions on what is required. Ideally, you should only have to provide details of your employee’s working hours, tips and holiday...Learn More
The key to getting the best deal from your accountant – Consider the service as an investment, not a cost. You need to ensure the value provided is accurately reflected in their fees. 1. Selecting the right accountant – Ensure your accountant is the right match for your business. For a small company, choosing a large accountancy firm isn’t necessarily the wisest move – Why pay ‘corporate’ fees when you could benefit from a smaller practice? Research several firms to find the best match avoiding unnecessary costs. 2. Industry sector expertise. Identify an accountant that has specific experience within your industry sector. This will enable them to offer informed, specialist advice and add value helping you maximise profit. 3. Understand and maximise the value they can add. Be clear on your priorities when you select an accountant – Ensure that they can offer sound advice in additional areas that are important to you – For example, strategic business planning to help achieve your goals. Other than benefitting from sound financial advice, be sure to utilise your accountants’ connections – Accountants specialising in your industry sector should be able to recommend trade contacts offering favourable rates or perhaps they work in partnership with other relevant businesses that can also assist you in saving costs. 4. Negotiate the right fee structure. Time based billing is the traditional, but out-dated method of charging – Accountants advocate this, as it rewards inefficiency. It also leaves the customer with a sense of uncertainty. Fees should be simple and transparent: Insist on a fixed fee, for a specific period of time. Eliminate uncertainty and avoid...Learn More
Managing your pubs finances is one of the most critical tasks you face on a daily basis. Get it wrong and the impact to you, your business, your staff and your suppliers could be devastating. Most pubs utilise the monthly services of a book keeper and the annual service of an accountant. This combination usually results in an incongruous, generic service with very little specialist industry insight. This is both inefficient and expensive and results in a purely one way relationship. A preferable option would be the selection of an accountant that can offer combined services for a fixed monthly fee. The ultimate would be a licensed trade specialist who understands all industry nuances and can advise across the areas of finance and business relevant to you, such as margin analysis. They will also be able to draw on their experiences of similar businesses, thus adding meaningful value and insight that could directly impact your profitability. With a great accountant in place, you will have the peace of mind you need to be able to focus on what you do best – Running a successful pub So, consider the following: 1. Is your accountant qualified? Take the time to check this out with the relevant accounting bodies. 2. Does your accountant have an in depth understanding of your industry sector? Do they really appreciate the nuances of the pub trade and are they aware of your specific needs? 3. Do you regard your accountancy fees as good value for money? Do they offer an all-inclusive fixed monthly fee (with no hidden extras) so you always know where you stand? 4....Learn More
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Specialist licensed trade services accounting requirements, for a competitive fixed monthly fee. Call us today to discuss our introductory client special offers.View Plans and Pricing