With ongoing changes to Making Tax Digital, many business owners are having to adapt how they keep records and report to HMRC. At the same time, costs continue to rise. Wages, increases in employer National Insurance and energy are all putting pressure on margins.

This is where your accountant should be adding value. Here are some of the key ways we support our clients at Inglis Accountants.

Financial forecasting and planning

Cash flow issues rarely come out of nowhere, even if it feels that way at the time. Regular forecasting helps you see what’s coming over the next few months, not just what’s already happened. If there’s a shortfall ahead, you have time to deal with it.

We also look at different scenarios with clients. For example, if sales slow down or costs increase again, decisions can be based on numbers rather than simply guesswork.

Performance monitoring and analysis

Most owners will track certain business metrics, like income or expenses, but not always the ones that matter most. We help you focus on a handful of measures that reflect how your business is actually performing. That might be gross margin, overheads as a percentage of revenue, or cash conversion.

Reviewing these regularly makes it easier to spot trends and deal with issues early.

Strategic business reviews

While some accountants focus mainly on reporting the numbers, we work with clients to review their direction, sense-check decisions, and recommend adjustments where needed. This could involve pricing, cost control, staffing, or investment.

Staying ahead of tax changes

Tax rules change regularly, and recent updates to Making Tax Digital have added more reporting requirements for many businesses.

At Inglis, we keep you informed about what’s coming up and how it affects your business. This includes key deadlines, available tax reliefs, and new planning opportunities.

Need help?

If you are not getting the most from your accountant, we would be happy to have a brief introductory call to see where we can help. If you would like a no-obligation chat, call us on 01904 787 973 or book a call with our team.