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.
Here at Gower Accountancy, we aim to find suitable solutions for businesses in a variety of sectors and pride ourselves on the service that we provide to each and every one of our clients. For information or advice from our accountants for the motor trade, please contact us by phone on 0116 220 6019 or send an email to firstname.lastname@example.org.