Accountancy Services

NG Accounting was set up by Craig Insley and Richard Woodhouse, former colleagues in a top 30 practice in the East Midlands. With many years of experience gained in the audit/accountancy and tax functions in practice as well as time spent in head of finance roles in industry they decided the time was right to branch out on their own and NG Accounting was born.

NG Accounting focuses on helping businesses and individuals to achieve their ambitions by providing a range of services to support their needs. As small business owners ourselves we are particularly well placed to understand the challenges faced by such businesses and our approach is to provide advice in a way that’s easy to understand.

  • Proactive accounting and tax services backed by over 30 years of experience
  • Advice from both a practice and an industry point of view that is easy to understand
  • Commercial solutions allowing owner managed businesses and SME’s to focus on their core business
  • Building relationships by taking the time to meet clients regularly, using a director led approach with all clients

We provide a range of accountancy services to Sole Traders, Partnerships, Limited Companies and LLPs across a broad range of business sectors. Keeping up to date with your accountancy process is key to understanding how your business is performing and the production of management information allows you to make decisions about your business in a timely manner. We can deal with all aspects of your accounts to aid this process and our range of services include:

  • Year-end accounts preparation
  • Management accounts
  • Bookkeeping
  • Preparation of cash flows and forecasts
  • Company secretarial services
  • Preparation and review of VAT returns
  • New business start-ups
  • Payroll

We can help with all aspects of business tax compliance and advisory work, to not only meet your statutory filing deadlines but to give you the assurance that your tax affairs are efficient as well as the peace of mind that we are looking after this complex area of business on your behalf. We aim to take away the burden of tax compliance to let you focus on running your business by mapping out a clear process with no surprises as well as dealing with HMRC directly on your behalf.

Specifically the services we provide are:

  • Preparation and submission of business tax returns (Corporate & partnership tax returns)
  • Capital allowances reviews
  • Research and Development claims
  • Cash extraction
  • Remuneration planning
  • Restructuring
  • HMRC enquiry resolution
  • General, commercially driven taxation advice
  • Employment taxes reviews and advice

If you have been issued with a tax return and need help to complete it, or if you would prefer someone to look after the whole process of your tax self-assessment then please get in touch.

We offer an efficient service from start to finish including managing the annual preparation of your tax return, calculating your tax liability and payments on account, dealing with HM Revenue & Customs on your behalf and explaining the process to you along the way. We will also keep you abreast of any changes in tax legislation that affect your affairs whilst using our knowledge of the legislation to identify income tax planning opportunities as they arise.

With experience gained directly running finance/accountancy departments within privately owned businesses we are ideally placed to assist you with your day to day and ad hoc commercial negotiations and ongoing development. We can assist or deal directly with:

  • Developing processes and systems
  • Commercial negotiations
  • Liaising with Banks
  • Development of budgets and forecasts including help with business plans
  • Financial modelling to assist with business decisions
  • Reviewing and helping to minimise business costs

At NG our core focus is with Xero with whom we are Certified Advisors. Xero is an online accounting package that connects you the client with your numbers, your business and us, your advisors; anytime, anywhere from any device.

It can give us access to log in, review your numbers and provide you with timely advice. This is perfect for spotting opportunities and nipping problems in the bud and is moving many clients away from the burden of the month end process.

As a Xero partner we use the software for our own accounts, we find it straight forward and a great way of saving us time. Transactions are efficiently recorded and the details of each transaction can be easily recalled. Xero can, for example, link to bank accounts to record transactions via a direct feed which is one of its many beneficial features.

  • Why are many small businesses choosing to move to Xero:
  • It’s the perfect balance of simplicity, power and elegance.
  • It’s always fast, with a best-in-class uptime of 99.97% since 2007.
  • Unlimited collaboration with your staff and trusted advisors.
  • Free unlimited email support from experienced teams.
  • An ecosystem of 300+ Add-on applications to manage your business; for example, receipt bank which allows you extract key information from receipts and invoices removing the need for manual entry.

The cost of using Xero is very competitive, and is tailored depending upon the options you require. It can start from as little as £2 per month for a straight forward ledger or £5 per month for a cashbook, through to a full package including a payroll.