Welcome to MCC Accountants

MCC Accountants are a well established chartered accountancy practice based in the North West. Covering Greater Manchester, we offer a complete range of services specifically designed to assist you and your business. Our comprehensive solutions are individually tailored to your specific requirements and undertaken by a team of highly qualified chartered management accountants, many of whom are experts in their chosen area. We can also provide advice and guidance on any business-related concerns you may have via our professional business advisers, who would be more than happy to share their extensive experience to help you to attain your goals.

Whether you’re a sole trader, SME or a multi-national PLC, our goal is ultimately the same; to develop long and profitable relationships that will see you and your business thrive.

MCC ACCOUNTANTS SPECIALISE IN: • Preparing monthly, quarterly and annual accounts regardless of the size of business • Providing extensive computerised or manual book keeping services whilst maintaining your payroll obligations in a timely, efficient and low-cost manner • Our chartered management accountants specialise in dealing with taxation services that can provide a number of benefits • Offering an in-depth forecasting service, including cash flow and profit projections, break-even points and analysis, devising a variety of business plans and strategic plans that will help your business grow and develop in line with your aspirations • Comprehensive financial analysis services that include the identification of your KPIs, IRRs, NPVs and ultimately your profit margins • MCC Accountants can also provide a variety of training solutions to suit you. Training packages can be structured and designed for anyone from a complete novice to the experienced veteran

WHY CHOOSE MCC ACCOUNTANTS AS YOUR LONG-TERM PARTNER?

• MCC Accountants is a chartered management accountancy practice combining in excess of 30 years practical hands-on experience of assisting sole traders, SMEs and large entities • Team members of MCC Accountants all undertook initial training in accounting, auditing and consultancy with one of the ‘Big 4’ Accounting Practices • Your goals are our goals. Together, we’ll achieve the desired outcome and bring it to a successful conclusion • The MCC Accountancy team are friendly, personal and deliver on promises. Our accounting services are tailored to your needs with flexible hours to suit you • You receive a free initial consultation to discuss your requirements and how we can assist • Remote support is available and our team are on call at any time to minimise disruptions

Telephone: +44 (0)161 707 1500 | Email: info@mccaccountants.co.uk | www.mccaccountants.co.uk

ACCOUNTANCY SERVICESOur services have been designed to provide a complete solution for all accounting, audit and payroll requirements which include:

• Book Keeping & Accounting • Company Secretarial & Admin • Payroll • Strategic Planning • Taxation & Income Extraction Schemes • Rescue, Recovery & Insolvency

BOOK KEEPING & ACCOUNTINGOur highly qualified and experienced team are experts at providing solutions in a timely and cost effective manner which include:

• Book Keeping and Accounting • Statutory Accounts preparation • Management Accounts preparation • VAT Records Maintenance • Group Pension Fund Audit and Preparation • Any other projects that you would find it financially beneficial to outsource

Our approach is simply one of getting to know your needs and becoming ‘part of your financial team’, allowing us to understand exactly what it is you want to do and using our experience and expertise to help you attain it.

COMPANY SECRETARIAL & ADMINWe understand that complying with the forever changing legislation of the Companies Act can fast become a drain on your available resources, not to mention the personal time and effort it takes just to maintain awareness of how the changes could personally affect you and your fellow directors. This regularly encountered problem is magnified when you come to realise how all this lost time and inefficiency could be affecting your financial performances. If only you could make more time to drive the business and ensure your goals and targets are hit and even exceeded. As we all know….time waits for no man, however, by partnering with MCC Accountants and availing of our expert services, you could soon realise that it is actually possible for you to get that time back as you get to finalise that elusive contract, more time equates to more opportunities and better future planning.

MCC Accountants can give you complete peace of mind by undertaking all your company secretarial duties on your behalf.

Our services include:

• Company formations • Director Appointments & Resignations • Directors Statutory Duties • Preparation, maintenance and filing of statutory returns • Preparation of all documentation related to minutes and resolutions • Maintenance of statutory books • General advice on company law and compliance

PAYROLLAdministering your payroll can be a time consuming activity, not to mention draining significant resources from your core business activities. Throw in the taxation, employment legislation and the penalties for non-compliance and the process can suddenly become a potential liability.

This doesn’t have to be the case. Our team are trained and experienced in undertaking exactly this type of function. MCC Accountants can help you with a totally confidential payroll service that includes: • Customised payslips • Administration of PAYE, national insurance, statutory sick pay and statutory maternity pay, etc • Completion of all statutory forms, including year-end returns, that can be issued to your employees for submission to the Inland Revenue • All Summaries and analyses of staffing costs • Administration of incentive schemes, bonuses, ex-gratia and termination payments • Administration of pension schemes

STRATEGIC PLANNING Strategic Planning is arguably the most important and crucial area of your business, yet time and again we discover that many owners are tied up running the day-to-day management of the business instead of taking the time out to plan ahead and see where they are heading as opposed to where they want to go and planning how they can actually get there.

How MCC Accountants can assist you in planning for a successful future:

• Assistance with devising a five-year business/strategic plan incorporating the latest marketing, analysis and management tools • Assist with implementing your strategic plan having identified the KPIs and driving mechanisms • A strong business plan can also assist you in raising any finances you may require to realise your goals • Our team will assist in the production of any Financial Forecasts that will financially reflect the objectives and strategies you have outlined in the business plan • Provision of honest, critical yet constructive appraisal of your overall objectives, including making any necessary recommendations on how you may tailor your proposals to attract the necessary funding streams

TAXATION & INCOME EXTRACTION SCHEMESMCC Accountants employ a number of dedicated specialists as part of the Tax Services Team. Our specialists can assist you in reducing your tax expenditure, firmly believing that personal wealth creation should be retained by the creator. Our mission is to assist you in maximising your finances, whilst minimising your tax exposure via a series of tried and tested legal methods.

MCC provide a range of tax-based services to suit everyone, including:

• Personal tax planning • Inheritance tax planning • Corporate tax planning • Specialist Property Investment and Refurbishment tax • Employment tax advice • VAT advice • PAYE health-checks • Capital allowances • Stamp duty • Profitable business owners paying the higher tax rate and who would like a better tax outcome

BUSINESS RESCUE, RECOVERY & INSOLVENCYIt is a well-known fact that many business failures could have been easily avoided if only the owners had received the correct advice at the right time. The most common causes of corporate failure tend to include a mix of bad debts, reduced demand and excessive borrowing. Like anyone, many owners struggle to face up to these realities until it is too late, when in many instances they could have been totally avoided. In addition to being faced with losing your business, many director’s also run the risk of severe penalties including disqualification and even prison by committing a number of offences contravening the Insolvency Act including fraudulent trading, misfeasance, wrongful trading and performing preferential or undervalued transactions.

Logic decrees that the key to developing and maintaining a healthy business is to seek professional guidance at the first signs of difficulty. In many instances it has been discovered that if companies had acted a little quicker in seeking out advice, they may have been saved from the pain of being put into liquidation or receivership.

At MCC we have a team of highly trained individuals who specialise in the identification and analyses of the root cause of any potential problems you may face and can then provide a bespoke solution to ensure the potential never materialises and you can go from strength to strength, knowing you have a solid base from which to work.

On the other-hand, if administration, receivership or insolvency appears to be the only options, we can also advise you on how to proceed in your own best interests. This may take the form of seeking an arrangement with the Inland Revenue for unpaid PAYE, attempting to negotiate a formal Company Voluntary Arrangement (CVA) that may buy you the time to trade your way out of the difficulties and if this option doesn’t quite prove to be as successful as you hoped, recommend a Creditors Voluntary Liquidation (CVL).

However, if you maintain a regular health-check programmeme for your business, these unfortunate instances should never arise, having being identified and corrected in the earliest stages.

If you would like further details on any of our services, please visit our website: www.mccaccountants.co.uk or alternatively ring +44(0)161 707 1500 to speak to a member of our team who will be happy to advise and reply to any questions you may have

BUSINESS STRUCTURE Sole Trader, Partnership, LLP, Company

BUSINESS PLAN • What is your mission, vision, your goals and objectives? • What experience have you got to make your business a success? • How is the business to be financed? • How viable are your profit and cash flow forecasts? • How are you going to draw up your business plan?

BANKS & FINANCE COMPANIES • To open a business account and obtain cheque books and debit cards • Most banks offer free banking for two years • Overdraft facilities, credit cards, grants and loans

VAT REGISTRATION • All sales over VAT threshold need to be registered • Include your VAT number in all invoices • Ensure you always receive a VAT invoices from any suppliers. If they claim they are not VAT registered, obtain a genuine invoice detailing the date, company registration number, full address, telephone number and website details • Make sure you submit your VAT returns on time and avoid the dreaded VAT inspection

FORMATION • If you are self-employed ensure you notify HMRC of your current status • If you are an employer make sure you speak to Employer Section and are PAYE registered

• Ensure you have a valid partnership agreement if entering into a Partnership or LLP arrangement • If you are a company ensure you are registered with Companies House

COMPANY CAR • Any self-employed individuals are required to keep a log of business mileage as proof when claiming for tax relief • Company owners will need to assess if there is a tax benefit of operating a company car or if it is more viable to maintain a private car and charge the permitted rate per mile up to a maximum of 10,000 miles before the dropping to the lower tier thereafter for business use

ARE YOU A NEW START UP?

PROFIT & CASH FLOW FORECASTING & MODELLINGMeasuring and reporting on actual performance levels against allocated budgets can provide you with a real insight into how successfully your business is operating.

Financial Modelling involves detailed sensitivity analysis based on “probabilities” and “what if” scenarios to reflect the risk & uncertainty.

FINANCIAL CONTROLLER A Financial Controller service can provide the necessary skills and support that would assist your organisation in successfully addressing the key financial management requirements including: management accounts production and review, key performance indicators, profit and cash flow forecasting, working capital management and capital funding etc.

FINANCIAL SYSTEMSMCC Accountants can assist you in implementing Sage-based systems for accounting, forecasting, time sheets, CRM & Payroll system (Line 50 Accounts Professional 2009), as well as helping you to introduce new formats that will improve your data accuracy, time management and management reporting systems.

CORPORATE FINANCE & TREASURY MANAGEMENTThe team at MCC Accountants can prepare project reports, feasibility reports and secretarial work relative to the raising of both long-term & short-term funding streams. Additionally, our teams will also take the reins on work relating to the raising of long-term & working capital via shareholder’s and commercial banks.

CASH FLOW & CREDIT MANAGEMENTMCC Accountants will manage the cash flow on a day-to-day basis, including the prioritisation of payments, negotiating with the HMRC on PAYE and VAT payment, renegotiating onerous credit terms and payments plans with suppliers, along with assisting in the implementation of stringent credit control to help you reach your targets.

LITIGATION & SUPPORT SERVICESOur team provide first class support to both clients and solicitors in this specialist area. Our service is fully supported by a team of relevant area experts and effective in producing clear and concise evidence, whilst working alongside other advisors. Specialist areas include: valuations of unquoted shares and businesses, reports on ‘real earnings’, partnership disputes, apportionment of partnership assets and goodwill, loss of profits claims.

• The deadline to submit tax returns (electronically) is 31st January following the end of the tax year. e.g for the tax year ending 5th April, a tax return should be completed before 31st January the following year.

• The deadline for paper returns is 31st October (HMRC to calculate)

• The deadline for tax payments for the prior year is 31st January

• The deadline for submission of all year-end PAYE is 19th May

• The deadline for Class 1A NIC’s is 22nd July

• The deadline for PAYE & NIC payments are 22nd of each month to have cleared the bank

• By May 31st your employees need to have a P60

MANAGEMENT CONSULTANCY SERVICESMCC Accountants offers a range of management consultancy services which include:

IMPORTANT DATES IN THE UK TAX CALENDAR

Telephone: +44 (0)161 707 1500 | Email: info@mccaccountants.co.uk | www.mccaccountants.co.uk | Twitter: @MCCAccountants

Registered office: 10 Broughton Road, Salford M6 6LS

THE MISTORIA GROUPPART OF:

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