Yare Accountancy Services

Presents“The Changing Face of Accountancy

Paul Ryan Managing Director and Principal

News Flash• Bob Cratchett is Unemployed only days before Christmas• Scrooge & Co Accountants cease trading blaming Cloud Technology

Time Based Accountancy Charges• The old way of charging fees as hourly rates is dying• In 1986 as a practice manager I was charged out by a firm at £52.50

per hour an average set of small Limited Company accounts was two weeks work.• The minimum fee for a sole trader eg window cleaner was £150• To take account of inflation that fee would now be over £1200

Computer Technology• The introduction of computers has speeded up the accountancy

processes.• This has meant that charging by the hour the fees fell• It also meant that in order to fill the time more clients were needed

but most accountants didn’t understand how to market themselves to achieve this

Cloud Technology• The latest thing is putting everything in the cloud this means that

Accountants and Clients can collaborate viewing the same file at the same time.• It has also promoted the Paperless Office• HMRC is starting to use cloud technology and many accountants think

their clients will no longer need them

Accountants need to Embrace Change• The old way is no more• Accountants need to change the days of Bob Cratchett and the Quill

Pen are consigned to history.• In comes a new way of providing services to clients• It involves new services which clients previously did not know they

needed• Provide clients with real time information so that they can make up to

the minute decisions on their financial affairs

Our Phone App• We have a Yare Accountancy phone app which• Gives access to up to the minute information on tax deadlines and

rates• Has calculators to work out loan repayments, mortgage costs and

much more• Has information on our firm with up to date news items like Christmas

Office Hours• Allows messages to be sent to us or gives access to our website• More services will be going live in the next few weeks

Value Added Services• It is not what your accountant does but how he adds value• To achieve this we offer our clients 3 service level packages for each

type of client• Sole Trader• Partnership• Limited Liability Partnership• Limited Company• Trusts• Charities

Our Packages• Bronze• Silver• Gold

Bronze • Tax Investigation Insurance• Preparation of Annual Financial Accounts• Completion of Tax Returns• Cloud Accounting Package which can be accessed from your

computer, mobile phone or tablet

Silver• Tax Investigation Insurance• Preparation of Annual Financial Accounts• Completion of Tax Returns• Cloud Accounting Package which can be accessed from your

computer, mobile phone or tablet• Photograph your receipts for paperless storage

Gold• Tax Investigation Insurance• Preparation of Annual Financial Accounts• Completion of Tax Returns• Cloud Accounting Package which can be accessed from your

computer, mobile phone or tablet• Photograph your receipts for paperless storage• Monthly Management Accounts• Quarterly Financial Review

For Limited Companies • All packages include• Submission of Accounts and Annual Return to Companies House• Maintaining the Statutory Registers as required by the Companies

Acts

Fees• Our Fees are collected monthly by Direct Debit• The Tax Investigation Insurance means that our fees are paid by the

insurance company so you do not have to worry if HMRC picks you from the hat for a records check about getting an additional accountants bill

Extra Services• Payroll• VAT• CIS• Auto Enrolment Administration and setup• These will be quoted in the packages as required by the client

Specialist Services• Forensic Accountancy services will be provided on a time basis. In

basic terms Forensic Accountancy is investigation into why you are not making the profits you expected to, stock discrepancies, cash discrepancies and much more

Our Partners