Accountants for the Motor Trade

Gower Accountants Leicester offer expert Accounts Preparation for Motor Traders, Car Mechanics, Car Body Workshops, Independent Specialists and Retail Parts Traders. We have been providing accounts services for clients in the Motor Trade for many years and we are well versed in the specifics relating to optimising your financial strategy.

The Motor Trade is a busy trade and as the owner you never seems to find enough hours in the day. Customer satisfaction is vital to your trade and a returning customer is a happy customer, our accountants for the motor trade in Leicester understand that this will always be your core focus and rightly so.

Unfortunately this is sometimes at the expense of the non-core functions such as finance and HM Revenue & Customs investigators are all too aware of this and VAT, Payroll and Self Assessment investigations are very common place.

Our outsourced bookkeeping is ideally designed to tidy your books and alleviate most of the following common pitfalls:-

  • Inadequate invoicing and cash receipts recording
  • Not reconciling customer receipts to invoices
  • Paying suppliers on demand with no cross referencing against your own records
  • Accurately recording VAT payable & recoverable
  • Maintaining proper payroll records & understanding true cost of paying cash in hand
  • Not enough time taken to understand true profitability
  • Lack of understanding on maintaining cash flow and set aside funds for quarterly rent, VAT & other periodic payments

How We Can Help

Our motor trade accountants in Leicester offer a fixed fee package monthly that will transform your finance function into a well oiled machine.

Our services include:-

  • Professionally record all sources of income
  • Professionally record all expenditure
  • Manage your cash by reconciling banks accounts and cash accounts
  • Preparation and online VAT filing of your tax returns
  • Preparation of payslips and payments to employees
  • Year End Financial Statements and Tax Returns prepared and submitted online
  • Weekly, monthly reports showing current debtors and creditors
  • Monthly analysis of your business to show true profitability
  • Maximise tax planning opportunities & have confidence in your records during an investigation

Our monthly management accounts will ensure that you, the business owner will have your finger on the financial pulse.

Get In Touch

Call us now for an informal discussion and allow us to explain just how easily we can start making a difference to your business. We know the Motor Trade and we can help you to streamline your tax liability.

For more information or to arrange a free 30 minute consultation with accountants for the motor trade in Leicester, call us today on 0116 220 6019.