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Local High Wycombe Accountants
At TFMC, we’re proud to be an established accountancy firm based in High Wycombe. Our team of chartered accountants offers the very best, comprehensive accounting services for all business types.
Having access to a team of dedicated and experienced accountants has many benefits. Whether you’re a sole trader, a limited company, or even a not-for-profit, an accountant’s knowledge can save you time and money in the long term.
Why Choose Our High Wycombe Accountants?
Managing your business finances, mainly when dealing with significant cash flow, can be both time-consuming and stressful. Achieving accurate accounting while keeping on top of all other essential tasks is difficult for any serious business owner of any size.
Although the requirements of a start-up and a medium-sized business may be different, the principal benefit of outsourcing accounting is the same.
By choosing to work with our team of local chartered accountants in High Wycombe, you can expect to benefit from the following:
- Money saving: The cost of hiring accountants full-time is considerably more than outsourcing.
- Time-saving: Ensuring accurate and compliant accounting can be time-consuming and stressful to manage. Our team helps make sure you meet all deadlines efficiently with minimal stress.
- Flexibility: Access our accountants High Wycombe team whenever you need us via phone, email or visit our local offices.
- Expertise and savings: Our team of chartered accountants in High Wycombe is highly experienced in accountancy, corporate tax, and business finance, enabling the implementation of correct processes and the maximisation of potential savings for your business.
- Diverse experience: We’re proud to provide expert accounting services to clients across a wide range of industries and sectors.
- ROI: Trusting us with your financial details and management can lead to significant returns on investment and profitability over time.
- Award-winning support: Our team has supported numerous national award-winning companies and a variety of small, local entrepreneurs, ensuring expertise in high-quality service delivery.
- Committed to excellence: Regardless of your business requirements, we are dedicated to providing exceptional service and delivering high-quality services that benefit your business.
- Custom accounting packages designed for you: Our accountants customise accounting services and packages to suit your exact requirements, ensuring that the service we provide is made to deliver what you need from us.
- Free consultation with our accountants: We offer a free, no-obligation discussion to understand your financial objectives and accounting needs and guide you towards the most beneficial services.
Remote Accounting Services
Not based in High Wycombe? No problem!
Although we’re local to High Wycombe, we also offer comprehensive remote bookkeeping and accounting services tailored to meet the needs of both businesses and individuals seeking flexibility in their work schedules.
Our approach is designed to streamline your tax affairs innovatively, ensuring growth without significantly increasing your tax liability. Utilising our collective expertise and experience, we provide sound business advice alongside professional tax services.
Our team of accounting experts is dedicated to delivering full-service support at your convenience, eliminating the need to travel. We offer a broad spectrum of services, including tax advice, corporation tax returns, planning, and bookkeeping, all tailored to fit your schedule.
Whether you’re seeking expert guidance on tax planning and returns or need assistance with strategic financial management, our local team in High Wycombe possesses the specialised, professional business advice required to support your objectives.
Comprehensive & Affordable Accounting Packages for All Businesses and Individuals
For businesses, from startups to limited companies, our tax advisors ensure your financial affairs, including annual accounts and taxes, are meticulously managed. Our business advisors leverage their extensive experience to enhance your company’s performance.
Individuals also benefit from our tailored services, designed to simplify tax affairs and optimise financial health. We prioritise efficient, straightforward guidance to ensure you navigate tax season successfully without overpaying.
Meet Our High Wycombe Accountant Team
We have offices across the whole of the UK, and our High Wycombe office is popular amongst the small businesses and limited companies based in High Wycombe.
Our tax advisors are at hand to ensure your annual accounts and tax affairs are in order and organised efficiently.
Our business advisors can help increase business performance through their extensive expertise and experience.
We pride ourselves on our client service, and this has allowed TFMC to grow.
Meet the Team
Rachael Olukoju
Manager
Rachael is a diligent qualified accountant with audit experience and joined us from a top 15 accountancy firm. With a thirst for knowledge and personal development Rachael continues to study towards further qualifications. She is a strong communicator who is passionate, goal driven and leads by example.
Rachael has significant experience in management and statutory accounts preparation and review alongside a strong understanding of reporting and completion against strict deadlines and budgets. She has acted as Financial Controller/Finance Manager for various clients and has a passion for helping business owners to succeed.
Rachael has a varied experience in a wide range of industries with significant exposure to the travel sector and the Tour Operators Margin Scheme (TOMS) with a very personal interest in retail. She is an experienced user of Xero and is an accredited user, which enables us to advise clients on the benefits of using Cloud based accounting packages.
Friendly and outgoing, in her spare time Rachael enjoys baking for family and friends, walking and the gym.
Lauren Harding
Accounts Assistant
Lauren is a highly motivated AAT Level 3 qualified accountant with 5 years’ experience working in practice. Lauren is also a fully qualified AAT bookkeeper with a keen appetite to expand her knowledge and gain further qualifications and experience.
As business accounting has increasingly moved onto the cloud Lauren has maintained training to become Xero accredited including Xero payroll and QuickBooks Pro Advisor Certified.
Lauren enjoys watching films, cooking, crafting and in her spare time she loves to support the local community by organising charity & social events.
Our Accounting Services in High Wycombe
We provide a range of related services for your business as part of our financial management packages. Services can include:
Bookkeeping Services
Bookkeeping is the process of tracking a company’s financial transactions, including purchases, sales, receipts, and payments. Our services involve recording these transactions in a systematic and organised way to ensure that financial records are accurate and up to date.
Our Bookkeeping services include:
- Recording financial transactions in a general ledger or accounting software
- Reconciling bank statements and credit card statements
- Creating and maintaining a chart of accounts
- Generating financial reports, such as income statements and balance sheets
- Managing accounts receivable and accounts payable
- Preparing payroll and payroll tax returns
- Assisting with the preparation of tax returns for the company
Bookkeeping services are essential for businesses of all sizes, as we provide an accurate and detailed record of your company’s financial activities. This information can be used to make informed business decisions, manage cash flow, and ensure compliance with financial regulations.
Payroll Services
Managing payroll involves accurately calculating employees’ salaries, wages, bonuses, net pay, and deductions. Employers must adhere to the specific legal requirements set by UK laws, including accurately calculating National Insurance contributions and income tax.
Our Payroll Services in High Wycombe are designed to ensure your payroll processes are efficient, compliant, and hassle-free.
Our Payroll Services include:
- Precise calculation of pay and deductions
- Issuing payments to employees
- Administering employee benefits within UK guidelines, including pension auto-enrolment, statutory sick pay, and maternity/paternity leave
- Ensuring full compliance with HM Revenue and Customs (HMRC) for all payroll-related taxes and reporting obligations
- Generating and submitting the Full Payment Submission (FPS) and Employer Payment Summary (EPS) to HMRC
- Preparing and distributing P60s at the end of the tax year and P45s for employees leaving the company
Professional Accounting Advisory Services
Our professional accounting advisory services are designed to support your business through expert guidance and strategic financial planning.
Our services include:
- Strategic financial planning and analysis to support your business goals
- Guidance on compliance with UK Generally Accepted Accounting Practice (UK GAAP) and International Financial Reporting Standards (IFRS)
- Advice on tax-efficient structures and planning to optimise your tax position in accordance with UK tax laws
- Assistance with financial reporting, including the preparation of statutory accounts and management reports
- Support during financial audits, ensuring your financial records are compliant and prepared for scrutiny
- Expert advice on mergers, acquisitions, and disposals, including due diligence and valuation
Management Accounting Services
Management accounting is a branch of accounting that focuses on providing financial information and analysis to help you make informed business decisions. Unlike financial accounting, which is primarily concerned with producing financial statements for external stakeholders, management accounting is designed to provide information for internal use within your organisation.
Our management accounting services include:
- Cost accounting: We will analyse the costs of producing goods or services. This includes identifying direct and indirect costs, determining cost drivers, and using this information to help you decide pricing, product mix, and production efficiency.
- Budgeting and forecasting: We can assist you in the budgeting process, which involves setting financial targets and allocating resources to different departments or projects.
- Performance measurement: We use a range of performance metrics to evaluate the performance of different departments or projects within your organisation. This may include financial metrics, such as return on investment or profit margins, and non-financial metrics, such as customer satisfaction or employee engagement.
- Strategic planning: We can play a key role in your business affairs strategic planning, helping you to make decisions about long-term investments, new product development, and expansion into new markets.
Our management accounting services provide critical financial information and analysis to help you make informed decisions and improve the performance of your business’s financial operations.
VAT Returns, Tax Returns and Year-End Account Services
Preparing tax returns and year-end accounts can be complex, and many businesses choose to work with us to ensure that their documents are accurate and compliant with relevant laws and regulations. Our team are at hand to help you through the process and give you peace of mind. This will also allow you to make informed financial decisions as we advance and plan your budgets accordingly.
- Tax returns: A tax return is a document that you must file with the government to report your income and expenses for the previous year and to calculate how much tax you owe.
- Year-end accounts: Year-end accounts, also known as financial statements, are a set of documents that businesses prepare at the end of each fiscal year. They typically include an income statement, balance sheet, and cash flow statement, which provide a comprehensive overview of the business’s financial performance over the previous year.
- VAT Returns: Our VAT services include registration for VAT with HMRC (if your business meets the threshold or if it’s beneficial voluntarily), accurate calculation of VAT liabilities (ensuring you claim all permissible VAT credits and refunds), preparation and submission of VAT returns in line with HMRC deadlines to avoid penalties, advice on the VAT schemes best suited to your business, and guidance on complex VAT transactions.
Auto Enrolment Services
Auto-enrolment is a UK government initiative to encourage more workers to save for retirement. Under this scheme, employers must automatically enrol eligible employees into a workplace pension scheme and contribute on their behalf. The scheme was introduced in stages, beginning in 2012, and now applies to most UK employers.
Aspects of auto-enrolment include:
- Eligibility: Employees who are aged between 22 and state pension age, earn at least £10,000 per year, and work in the UK are eligible to be automatically enrolled in a workplace pension scheme. However, employees can opt-out if they choose.
- Contributions: Both employers and employees are required to make contributions to the pension scheme. Currently, the minimum contribution rate is 8% of an employee’s qualifying earnings, with the employer responsible for at least 3% of this amount.
- Staging dates: Employers are assigned a “staging date” based on the size of their workforce. This is the date by which they must have enrolled all eligible employees into a pension scheme.
- Compliance: Employers must comply with various regulations and reporting requirements under the auto-enrolment scheme. This includes keeping accurate records of employee contributions, communicating with employees about their pension options, and regularly providing information to the government.
Auto-enrolment is designed to help ensure that more UK workers have adequate savings for retirement. It also places greater responsibility on employers to provide pension benefits to their employees, which can help to improve employee retention and loyalty.
If you need help with auto-enrolment, we provide services to manage the process for you and ensure all required regulations are met.
Contact Our Accountants in High Wycombe Today
If you’re looking for accountants in High Wycombe, contact us today. Our affordable and high-quality accounting services have helped make us one of the leading accountancy firms in High Wycombe. Our service helps hundreds of small business owners manage their accounts so they can focus more on growing their business.
You can reach us by calling 01494 801 091. Alternatively, fill in the enquiry form.
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Our Plans
All our packages are fully customisable and we offer a fixed price monthly payment schedule - no surprises! This gives you certainty and allows you to spread the cost across the year.
Essential
From
£75
Per month*
Our essential package is suited to all businesses who are looking to ensure compliance with reporting requirements.
Professional
From
£300
Per month*
Take away the burden of managing finances and start focusing more on your business by investing in our professional package
Ultimate
From
£750
Per month*
Completely outsource your accounts whilst still maintaining a close eye on company performance with our ultimate package
* Fees vary depending on the size and need of the client business. Packages can be tailored so please contact us to discuss your requirements.
How can we help you
We recognise that not all businesses are the same and will be at different stages of their development. We offer a wide range of services to small-to-medium-sized businesses.
Startup
Finding the right accountant to help you look after your new business's financial side is a key decision that could save you a lot of time and money.
Learn MoreSole Trader
Sole traders are independent business people with drive and ambition. It is important that you use a dedicated accountant who understands that.
Learn MoreLimited Company
Whether you are a small-to-medium-sized business or need a fully dedicated accountant to help meet the challenges faced by limited companies, we can help.
Learn MorePartnerships
Partnerships bring certain complexities, especially when setting up with family or friends. We understand partnerships and help you grow the business together.
Learn MoreWhat do our customers think about us?
We are proud of our services, find out exactly what our other customers think of our services. Check out our google reviews below don’t just take our word for it!