Accountants in Leamington Spa
From annual accounts for sole traders, partnerships and limited companies to regular management accounts, we provide support to the business to suit its needs.
Based in Leamington Spa, CTT Accountancy provides personalised, professional accounting services tailored to you. We assist start-ups, contractors, limited companies, sole traders, individual taxpayers, and more.
Our services range from accounts and tax planning to payroll compliance and business consultancy.
Read on to learn more about our accounting services in Leamington.
Year-End Accounts are a statutory requirement for all limited companies, sole traders and partnerships. Delivering valuable insight into your business, Year-End Accounts often form the basis of your annual self-assessment tax returns.
At CTT Accountancy, we take a proactive approach to preparing your accounts, enabling us to identify potential opportunities, save tax and provide business advice.
Whether you require monthly or quarterly preparation of your management accounts, our attention to detail helps us regularly monitor your business’ performance throughout the year. Our analysis enables us to provide data-driven KPIs and profit margins to maximise your success.
We adapt our approach and reporting to suit each client’s individual needs.
The insights gathered from the management accounts will provide a holistic overview of your business’ performance.
In financial reporting, there are several key objectives, which include:
It can be hard to stay on top of statutory compliance and file deadlines when running a business. However, our team can help you manage this with our in-house systems.
Furthermore, we can also provide formal documentation to action any changes to statutory records.
At CTT Accountancy, we provide professional accountancy and tax support to help various clients start and grow their businesses.
The CTT Accountancy accounting practice is independently-run, so we know what it takes to start a business.
We can advise you on the different stages of setting up a business, from guidance on business structures and registering for taxes to accounting systems.
Our qualified, Leamington-based accountants are keen to meet you and discuss all your needs. So get in touch with us to find out how our accounting support services can help
By choosing to use a chartered accountant for your business or personal finances, you’re ensuring you receive the best possible accounting service from an authorised, qualified professional.
Anyone can set up an accountancy firm. However, only chartered accountants have the industry-certified qualifications and experience necessary to provide you with total peace of mind and a fully comprehensive, regulated service. Here are some of the benefits you can enjoy working with a chartered accountant.
To be certified as a chartered accountant, an individual must qualify through one of six recognised, regulated bodies. In the UK, these are:
These bodies have their own code of conduct, which member practitioners must always adhere to. All bodies are also overseen independently by the Financial Reporting Council (FRC), which carries out a non-statutory role for regulating the members of the professional accountancy bodies’.
Chartered accountants always maintain the highest standards and their practices follow a strict ethical code of conduct as laid out by their member body and the FRC. This includes acting in accordance with the five recognised principles of Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional behaviour.
Chartered accountants are also required to carry professional indemnity insurance, meaning they are covered in the unlikely event you should ever have to make a claim against them or their practice.
Chartered accountants undergo significantly more training than unregulated accountants. After a minimum of three years of study, those wishing to become chartered accountants must pass a series of demanding exams in several different areas of accounting, including financial management, auditing, business strategy, and taxation.
Candidates must then gain relevant work experience across a range of industries and clients as set out by their professional body. By hiring a chartered accountant, you will be working with someone carrying vast amount of knowledge, skills, and experience acquired both through study and in the field.
Because of the degree of complexity and training required, certain areas of accountancy can only be carried out by regulated and chartered accountants. Areas such as audit, insolvency, investment business, and probate must be regulated and require a chartered accountants’ professional skills and knowledge to see them through.
By choosing to work with a chartered accountant, you will be able to access a complete range of accounting services with the help of one, trusted individual who will carry out all your accounting requirements to the same exacting standard.
Even when qualified, all chartered accountants must undertake regular professional development training each year with their member body to ensure their skills and knowledge remain current and up to date. This includes ensuring they have full awareness of any changes to tax law that may affect your business.
By choosing to work with a chartered accountant, you can be reassured your personal and business accounts will be kept in line with current legislation, in a timely fashion. Additionally, you will enjoy the full benefit of any tax allowances to which you’re entitled.
Chartered accountants can help with far more than just filing your tax returns. Having a full working knowledge of your business accounts and a breadth of experience across various sectors means they can offer valuable insight into ways to maximise profit and investment opportunities while reducing costs to your business.
They can also help you mitigate risks and find areas for financial improvement. By placing faith in a chartered account whom you trust, you are making a firm investment in the future wealth and financial stability of your company and family.
Whether the mistakes are genuine or not, the penalties and consequences of poor and faulty accounting are huge, both for the business and the individuals concerned. Inefficient bookkeeping, missed deadlines, and unscrupulous practices can all result in unforeseen hassle and unnecessary fines for you and your business. Not to mention bad practices can also damage yours and your company’s reputation.
A chartered accountant will deliver timely and professional record-keeping, ensuring you have your document processing in order. So, you can rest assured your accounts will be up-to-date at all times should an audit be necessary. You will also have consistent and coherent accounts to present to other businesses and investors well into the future.
ACCOUNTANT & DIRECTOR
Since becoming ACCA qualified at 22, Amy honed her industry expertise while working for a large national accountancy practice. She is now keen to apply her ambitions as a driving force behind CTT Accountancy.
Highly dedicated and passionate about building strong, trusted client relationships, Amy strives to make dealing with finances an effortless process for all her clients.
From professional services to property, Amy has vast experience delivering client-focused, tailored accounting advice and practices across various industries.
ACCOUNTANT & DIRECTOR
As a qualified ACCA accountant, Nick has vast experience delivering passionate, transparent and efficient accountancy advice for individual clients and owner-managed businesses.
His bespoke approach and attention to detail enable him to build strong relationships with clients, and he takes pride in really understanding what businesses require from their accountants.
Nick began his career as a trainee in 2006 and eventually rose to the position of Associate Director at his previous firm, where he helped the business to develop from a local, independent practice in Coventry to a large national practice.
Accounting can be a difficult task. There are numerous standards and regulations that your financial records must follow, as well as deadlines that you have to meet throughout the year.
Although you do have the option to perform your own accounting, it’s always advised that you become comfortable with the procedure before attempting to do so. Handling own accounts can be more time-consuming and expensive than hiring a professional.
The responsibilities of an accountant and a bookkeeper usually overlap because bookkeeping is the first stage of the accounting process. However, bookkeeping is concerned with the recording and organisation of financial data while accounting focuses on the analysis and presentation of this data.
One of the most crucial components of any business, especially early on, is your finances.
While you spend your time handling the other aspects of your business, an accountant will keep your finances up-to-date.
Having organised and up-to-date accounts allows you to make better, data-driven decisions. You can steer clear of costly mistakes by making better decisions.
A competent accountant can assess your company’s profitability, make sure you’re on pace for maximum growth, and offer helpful advice.
Your accounting documents must show:
You must also keep track of any additional financial calculations, calculations, and data required to complete and submit your Company Tax Return and annual accounts. This includes records of:
Switching accountants can seem like a daunting task. While you shouldn’t rush the decision to change accountants, it’s important to ensure the service you choose continues to meet your needs and those of your growing business.
Carefully considering when to make the switch can ease the process. Ideally, the handover from your current accountant to your new one should take place at a quiet time when your finances are in good order.
Once you have decided to change accountants, you will need to write a letter of termination advising your current accountant of the switch and requesting they send the relevant information required to your new accountant.
You can then register with your new accountant.
To register with CTT Accountancy, get in touch with a member of our team today, and we’ll guide you through the process.
We will ask you to sign a new 64-8 form to authorise us to deal with HMRC on your behalf for tax purposes. Next, we will send a letter of engagement for you to sign, outlining the services you will receive. Afterwards, our team will contact your previous accountant for professional clearance to work on your accounting and to ensure they have transferred all relevant accounting information to us.
Once these tasks are completed, we can start work on your accounts.
From its famous spa waters and ties with Queen Victoria to its sweeping Regency architecture and the stunning Jephson Gardens, Royal Leamington Spa is a jewel in Warwickshire’s crown.
Making frequent appearances on the Sunday Times ‘Best Places to Live’ list, Leamington Spa’s many cafes, restaurants, and fashionable independent shops make it the ideal place to visit on a day trip to the Midlands.
CTT’s offices are based in the magnificent Gables House, an original Edwardian manor house located just a short walk from Leamington town centre.
We provide a full range of tax compliance services including self-assessment tax returns, corporation tax returns, P11DS, 30-day CGT on UK Property returns and much more.
We offer our clients a cost-effective solution to outsourcing their payroll processing ensuring that payroll is fully compliant with RTI submissions and Auto Enrolment.
Keeping your records digitally is becoming increasingly important in order to comply with Making Tax Digital but also to ensure business owners have readily available useful information.
We provide a full range of tax compliance services including self-assessment tax returns, corporation tax returns, P11Ds, 30-day CGT on UK Property returns and much more.
As your accountant, we are on hand to provide you with advice and support at all times. we want to work with you to see your business thrive!