Mitchell Meredith Business Support Services
The combination of your business knowledge and our support services will help your business to grow and increase profitability.
Management information
Regular management information is vital to the continued success of any business. We work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions.
Payroll
Running your own payroll can be time consuming and complicated, particularly with the ever increasing complexity of taxation and employment legislation. There is an increasing burden on business to comply with these issues and non-compliance can lead to substantial penalties.
We can prepare payrolls for businesses with 2 to 400 staff.
Our service is comprehensive and confidential and includes:
- computer generated payslips
- administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
- completion of statutory forms (including year end returns)
- summaries and analysis of staff costs
- administration of incentive schemes, bonuses and ex-gratia termination payments.
Even if you only have a few employees, you will make savings by engaging us to administer your payroll.
Bookkeeping
We can help you with all your general bookkeeping requirements, either at your own offices or at our premises. You may require help to write up books or need us to add the finishing touches to information on bookkeeping systems in order to create your own management information. If you do not employ a bookkeeper then we can take up the role or help you recruit the right person for your business. We are accredited Sage Training and Reselling accountants.
Business planning and forecasts
Every business should plan ahead to ensure success but daily business pressures often conspire to delay the strategic planning process. Financial forecasts are a crucial part of any business plan and we will ensure these are both meaningful and robust. We recognise the need for speed in these situations and we have developed our own in-house tools to ensure that this process is as simple and efficient as possible.
Liaising with banks and institutions
We offer support when liaising with banks and other financial institutions. Drawing on our wealth of experience we can support our clients through this often daunting experience.
Business Diagnostic
We are members and qualified facilitators working with Mindshop, a leading international group of advisors dedicated to providing fast tracking success for business leaders. Our business diagnostic is based upon information drawn from the 10 key success factors that any business must have within its control. This simple yet effective tool will be the catalyst for our Strategic Business Planning. Again, working closely with Mindshop, we have a whole range of business tools, strategic processes, and experienced coaching support needed to achieve growth and profitability. Our range of diagnostics and one-page plans ensure that we quickly and simply get to the heart of the issue.
Company Incorporation
This can be a complex and challenging area, and the decision as to whether to incorporate your business, or not, will present you with a host of considerations. Our own in-house fact sheet setting out the advantages/disadvantages and considerations are just the starting point for us to be able to guide you through a complex area simply and confidently.
Self-Administered Pension Schemes
We work with some of the Country’s leading advisors in this field, and have proved to our clients, time and again, that the more you learn about these schemes the greater the beneficial impact they can have on your business and personal goals.
BoardView
A number of our company clients have difficulty in establishing regular board meetings, at which decisive roles for the directors, and strategic plans for the company, are established and actioned.
Very often there is little board structure, where the small board of directors and roles and responsibilities are not clearly defined. This can lead to confusion and decisions not being taken, and often meetings are either not structured, or don’t take place at all!
If all this feels familiar, why not consider using our BoardView Service to facilitate the meeting for you?
Imagine a meeting chaired by an independent person, focusing on outcomes such as profit, growth, and sales, where the agenda results in a one-page plan, with specific actions to be completed by agreed dates. Benefits include:-
- An interactive diagnostic review of the company, based upon the 10 key business issues.
- Access to ‘best practice’ tools and processes.
- Input from an independent advisor, with experience and contacts over a wide range of industries and businesses.
- Specific measurable outcomes.
- Structured monthly/quarterly meetings with agreed agendas.
- A disciplined follow up and ACTION PLAN for each meeting.
Information technology
Information technology (IT) is one of the key resources available to every business to achieve its short and long-term objectives.
Using the knowledge gained from our own systems and those designed for other clients, our in-house IT team are able to advise on IT related matters with first-hand experience. We can install software, provide training and help you to obtain the best from your chosen system. Our expertise enables a complete range of services to be offered, including:
- software selection;
- hardware selection;
- installation and training;
- management reporting solutions; and
- payroll systems.
If you are spending too much time writing up books, typing invoices and chasing debts we help to take control by computerising your accounts system. We can help you to make the best use of IT resource to produce financial information that is accurate and appropriate for running your business effectively. With the correct accounting software you will save hours of hard work leaving you more time to deal with the more important areas of the business.
In short, whether you are investing in new technology, reviewing existing systems or have simply outgrown your current resource, we can help.