Local High Wycombe Accountants
TFMC is an established accountancy firm based in High Wycombe. Our team of chartered accountants offer the very best in accountancy services for new start-up businesses to medium-sized enterprises.
There are many benefits linked to having your own personal accountant. Whether you’re classed as a sole trader, a limited company, or even a not-for-profit, an accountant’s knowledge can save you both time and money in the long term.
Whether you’re seeking expert advice on tax planning and returns or require guidance on strategic financial management, our local team in High Wycombe has the specialised knowledge and expertise to assist you.
Get in touch to discuss your current business goals. We can run through the most appropriate accountancy services, finding one that will achieve your plans.
High Wycombe Office Location
Unit 1, Devonshire House,
Cliveden Office Village,
Contact Us Today
Visit Our Office in High Wycombe
Benefits of Engaging with Accountants in High Wycombe
Managing your business finances, mainly when dealing with significant cash flow, can be both time-consuming and stressful. Achieving accurate accounting while keeping on top of all other essential tasks is difficult for any business of any size.
Although the requirements may be different when comparing the needs of a start-up to a medium-sized business, the principal benefit of outsourcing accounting is the same.
By choosing to work with our team of local chartered accountants in High Wycombe, you can expect to benefit from the following:
- It saves you money – The cost of hiring accountants full-time is considerably more than outsourcing.
- It’s flexible – You can discuss your business’s accountants at your convenience, whether that be in-person or remotely.
- It helps take away the stress – Ensuring accurate and compliant accounting can be stressful to manage. Our team helps make sure you meet all deadlines efficiently with minimal stress.
If you already have an in-house accounting team, then we can still help. Our team have a lot of experience liaising with in-house accounting teams, offering advice and support when needed.
Whether you are looking for us to take over your whole accounting operation or looking for help putting together your business’s yearly accounts, we can provide services that do just that.
TFMC High Wycombe boasts a team with extensive expertise in accountancy, corporate tax, and business finance, helping you to implement the correct process and capitalise on any potential savings.
Our understanding of business finances extends through our experiences with a diverse range of businesses in High Wycombe. From sectors such as construction and property to retail and hospitality, we’ve offered robust financial management support and insights, aiding in the creation of reports that forecast current and future financial health. Asserting a comprehensive grasp of your business’s financial standing paves the way for informed decisions on its financial future.
While it may initially seem daunting to hand over your financial details and the keys to your business’s financial success, the specialised attention we provide can lead to significant returns on investment and profitability over time.
We invite you to have a free, no-obligation discussion with our team about your financial objectives and accounting needs. We can help guide you towards the most beneficial services for your requirements.
Our experienced team has supported numerous national award-winning companies and a broad spectrum of small, local entrepreneurs.
Irrespective of your business’s size, our dedicated team is committed to delivering high-quality services that will benefit your business.
Reach out today to explore how our accounting services can enhance your business’s financial health.
Remote Accounting Services
The demand for in-house accountants has reduced post-COVID, and this is due to most businesses implementing a working-from-home culture. With more businesses adapting to a new way of working, this has meant that services such as outsourced accounting are seen as a practical solution to scaling up businesses without worrying about the need for more in-house labour.
At TFMC, we offer remote bookkeeping and accountant services, providing convenience for businesses that prefer a more flexible approach to working.
We can provide innovative ways to streamline your tax affairs so you can achieve growth without vastly increasing your tax burden through our sound business advice and professional services.
Our accountant experts provide a full service at a time that suits you all without the hassle of travelling anywhere. We provide a wide range of services at a time that suits you whether it is tax advice, tax planning or bookkeeping services.
We have offices across the whole of the UK, and our High Wycombe office is popular amongst the small businesses and limited companies based in High Wycombe.
Our tax advisors are at hand to ensure your annual accounts and tax affairs are in order and organised efficiently.
Our business advisors can help increase business performance through their extensive expertise and experience.
We pride ourselves on our client service, and this has allowed TFMC to grow.
Meet the Team
Rachael is a diligent qualified accountant with audit experience and joined us from a top 15 accountancy firm. With a thirst for knowledge and personal development Rachael continues to study towards further qualifications. She is a strong communicator who is passionate, goal driven and leads by example.
Rachael has significant experience in management and statutory accounts preparation and review alongside a strong understanding of reporting and completion against strict deadlines and budgets. She has acted as Financial Controller/Finance Manager for various clients and has a passion for helping business owners to succeed.
Rachael has a varied experience in a wide range of industries with significant exposure to the travel sector and the Tour Operators Margin Scheme (TOMS) with a very personal interest in retail. She is an experienced user of Xero and is an accredited user, which enables us to advise clients on the benefits of using Cloud based accounting packages.
Friendly and outgoing, in her spare time Rachael enjoys baking for family and friends, walking and the gym.
Lauren is a highly motivated AAT Level 3 qualified accountant with 5 years’ experience working in practice. Lauren is also a fully qualified AAT bookkeeper with a keen appetite to expand her knowledge and gain further qualifications and experience.
As business accounting has increasingly moved onto the cloud Lauren has maintained training to become Xero accredited including Xero payroll and QuickBooks Pro Advisor Certified.
Lauren enjoys watching films, cooking, crafting and in her spare time she loves to support the local community by organising charity & social events.
We provide a range of related services for your business as part of our financial management packages. Services can include:
Bookkeeping is the process of keeping track of a company’s financial transactions, including purchases, sales, receipts, and payments. Bookkeeping services involve recording these transactions in a systematic and organised way to ensure that your financial records are accurate and up-to-date.
Our Bookkeeping services include:
- Recording financial transactions in a general ledger or accounting software
- Reconciling bank statements and credit card statements
- Creating and maintaining a chart of accounts
- Generating financial reports, such as income statements and balance sheets
- Managing accounts receivable and accounts payable
- Preparing payroll and payroll tax returns
- Assisting with the preparation of tax returns for the company
Bookkeeping services are essential for businesses of all sizes, as we provide an accurate and detailed record of your company’s financial activities. This information can be used to make informed business decisions, manage cash flow, and ensure compliance with financial regulations.
Management accounting is a branch of accounting that focuses on providing financial information and analysis to help you make informed business decisions. Unlike financial accounting, which is primarily concerned with producing financial statements for external stakeholders, management accounting is designed to provide information for internal use within your organisation.
Our management accounting services include:
We will analyse the costs of producing goods or services. This includes identifying direct and indirect costs, determining cost drivers, and using this information to help you decide pricing, product mix, and production efficiency.
Budgeting and forecasting
We can assist you in the budgeting process, which involves setting financial targets and allocating resources to different departments or projects.
We use a range of performance metrics to evaluate the performance of different departments or projects within your organization. This may include financial metrics, such as return on investment or profit margins, and non-financial metrics, such as customer satisfaction or employee engagement.
We can play a key role in your strategic planning, helping you to make decisions about long-term investments, new product development, and expansion into new markets.
Our management accounting services provide critical financial information and analysis to help you make informed decisions and improve the performance of your business.
Tax Returns and Year-End Accounts
Preparing tax returns and year-end accounts can be complex, and many businesses choose to work with us to ensure that their documents are accurate and compliant with relevant laws and regulations. Our team are at hand to help you through the process and give you peace of mind. This will also allow you to make informed financial decisions going forward and plan your budgets accordingly.
A tax return is a document that you must file with the government to report your income and expenses for the previous year and to calculate how much tax you owe.
Year-end accounts, also known as financial statements, are a set of documents that businesses prepare at the end of each fiscal year. They typically include an income statement, balance sheet, and cash flow statement, which provide a comprehensive overview of the business’s financial performance over the previous year.
Auto-enrolment is a UK government initiative to encourage more workers to save for retirement. Under this scheme, employers must automatically enrol eligible employees into a workplace pension scheme and contribute on their behalf. The scheme was introduced in stages, beginning in 2012, and now applies to most UK employers.
Aspects of auto-enrolment include:
Employees who are aged between 22 and state pension age, earn at least £10,000 per year, and work in the UK are eligible to be automatically enrolled in a workplace pension scheme. However, employees can opt out if they choose.
Both employers and employees are required to make contributions to the pension scheme. Currently, the minimum contribution rate is 8% of an employee’s qualifying earnings, with the employer responsible for at least 3% of this amount.
Employers are assigned a “staging date” based on the size of their workforce. This is the date by which they must have enrolled all eligible employees into a pension scheme.
Employers must comply with various regulations and reporting requirements under the auto-enrolment scheme. This includes keeping accurate records of employee contributions, communicating with employees about their pension options, and providing information to the government on a regular basis.
Auto-enrolment is designed to help ensure that more UK workers have adequate savings for retirement. It also places greater responsibility on employers to provide pension benefits to their employees, which can help to improve employee retention and loyalty.
I you need help with auto-enrolment, we provide services to manage the process for you and ensure all required regulations are met.
Areas We Cover
If you’re a small business looking for accountants in High Wycombe, then give our professional team a call now. The affordable and high-quality accounting services we offer have helped make us one of the leading accountancy firms in High Wycombe, with the service helping hundreds of small business owners get on top of their accounts so they can focus more on growing the business.
You can reach us by calling 01494 801 091. Alternatively, fill in the enquiry form.