SPECIALIST ACCOUNTANCY SERVICES

Every business owner needs a team of professionals in the background who provide continuous support and advice. That’s what M J Smith & Co Ltd are here to do. We offer fixed fees and this includes free email and phone support to help you achieve your goals.

We have also developed a number of industry specialisms over the years, which enable us to provide finely tuned, highly focused services in these sectors.

Building Industry

The most senior members of our team have the experience which is probably almost unique amongst practicing accountants of actually having worked in the construction industry.

Mike Smith joined a small building company and by the time he left, to set up M J Smith & Co, he was joint managing director of that company which had a turnover of 30 million pounds.

Miles Smith has a Higher National Diploma in Building and spent 6 years at Building College which is now part of London University. He has worked for Wimpey Homes amongst others in almost every role, from Groundworks, to Finishing Foreman, Quantity Surveying and Site Management.

We have over 30 years’ experience of working in the building industry.

As part of the day to day routine, we deal with contractors and sub-contractors administration, including CIS, registration with HMRC and management, verification of subcontractors and monthly CIS returns.

VAT advisory service on different rates of VAT and schemes available and how they interact with planning laws.

We also advise on employment within the construction industry and the use of subcontractors and the differences between the two.

The construction Industry has many unique attributes to it and many difficult areas it has to overcome to be successful, including tight spending controls and future cash flow forecasting. All of which we have had considerable experience in.

IT Services & Software

heard recently about a company that had just hired a new graduate into the sales department. After a month, he handed in his notice. When asked why, he told his manager that he found it too frustrating to work there any longer. “Your hardware barely functions. The software is hopelessly out of date, lead generation is a joke, finding stock availability is hit and miss and your staff aren’t willing to accept there are better ways of working.” He went on “Amazon and other online retailers have raised customer expectations, both for individuals and businesses. They want to be able to compare prices, check product details, see stock availability and choose delivery options, all in an instant.” “But we’re not trying to be Amazon,” said the shocked manager. “No, but your competitors are,” was the response, and with that the graduate left the building.

Harsh words indeed. But how true were they? Was the company really not up to speed with its IT? Were they lagging behind their competitors? And how could they find out what they needed?

If the company had come to us, we could have helped to evaluate what they had and what they needed. After all it’s something our experts do a lot of. In many cases it doesn’t take us long to discover that they often don’t need the expense of a whole new system as we frequently find that a few updates, some de-bugging, staff training on the software (which usually reveals they already have a whole host of features that no-one had discovered) and the services of a different delivery company (sourced online, or course, after checking prices and reviews) is all that is needed.

IT is one of the few instances where the phrase “If it ain’t broke, don’t fix it” doesn’t apply. This is because fixing IT is a continuous process. If your hardware is struggling to process even the simplest task or your software can’t seem to provide you with the extra information you need, it could be time for an evaluation before it – and your business- faces the Blue Screen of Death.

Call us on 01392 875391

Email us at enquiries@mjsmith.co.uk

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