David Barry & Company Ltd
Accountants & Business Tax Advisers

Serving the local community since 1983

David Barry and Company are practising accountants from 1983 with long experience of recording/preparing financial statements and giving bespoke tax planning advice to all sizes/types of businesses from business turnovers of £10,000 up to and including £5,000,000. We also do give tax planning advice for the retired and those individuals on paye including submission of their personal tax return forms to HMRCSA and arrange their personal tax codes to what is best suited to them.
We offer all the traditional services of accountancy, auditing, bookkeeping, vat and payroll. Additionally, we provide a highly professional and personal service that includes specific advice for new start-ups including tax and accountancy advice for the formation of limited companies/sole traders and partnerships: but also the preparation of cash flows and budgeted profit and loss accounts both for internal operations and outside including banks and other lending organisations . For all new clients we provide free skeleton spreadsheets that for the small business is far better and of course cheaper than expensive bookkeeping packages. The theory here is that clients send in completed spreadhseets suited to our own software making the preparation of accounts more efficent allowing me to concentrate on giving proper tax planning advice.

We offer free and unlimited telephone/email support service for all our clients to include areas like bookkeeping packages, payroll, vat together with tax advice for Income tax, corporation tax, capital gains tax and inheritance tax and the distribution of shares for limited companies.

Yesterday and today I planned a bespoke bookkeeping package for one of our clients which they can use on an on-going basis so as to help in the preparation of their accounts. There was a one-off charge for this based on our hourly rate but from then on it is free as it can be used year on year. It is the seventh time that we have completed this task this year for different clients and it works very well as it saves our practise time we receive the books and records so bringing down the eventual costs of accounts preparation. Therefore, we are all winners!

However, where the bespoke package is not sufficient or appropriate to clients' needs, we will install standard bookkeeping packages like Sage, Pegasus, Quickbooks etc.

Unusual for the home page but thought we would write something a little extra on IXBRL, being the new way of submitting financial accounts to HMRC Corporation Tax. After investigating and trying out the whole market we have come up with what we believe to be the best package on the market for both compiling/submitting final financial accounts with HMRC form CT600 for limited companies to both HMRC/Companies House. Please contact us for more details.

Also, for those accountants/ directors of limited companies and bookkeepers who have their accounts at the final stages we will enter into arrangements to complete these and forward to both HMRC Corporation Tax and Companies House and give tax planning advice thereon.

Finally, David Barry would encourage you to read my articles loaded both here and separately written/loaded to Facebook/Accounting Web and Linkedin.

(For anyone starting a business David Barry encourages you to write their profiles/articles on these (and) other social networking sites.

ACCOUNTANCY/TAX PLANNING FEES:

David Barry writes:This is quite obviously the most sensitive area of an accountants work and the least talked about. All accountants understand that there are colleagues who will charge less-some, of course, will charge more. However, what is just as important is level of service/knowledge and afterwards. I will now deal with these one at a time.

Level of service: All clients get a full/unlimited email service throughout the year enabling me to make sure that clients are properly advised of their questions without fear of charge.

Knowledge: David Barry has been doing/advising/looking after the tax/accountancy affairs for clients from 1983 and David Barry makes sure the practice is up-to-date in terms of software and current tax/accountancy developments.

Afterwards:

Personal tax returns:
Covers the self-employed/partnerships and paye. HMRC can raise their accountancy/tax enquiries from two years after the date of submission of their tax returns. Therefore if a tax return is forwarded to HMRCSA today, 22/11/2011 then can be selected up to 21/11/2013. David Barry guarantees to reply to HMRC written enquiries throughout this period free of charge providing the client has been truthful so that there are no hidden bank accounts and oral assurances are correct. Please note that this excludes face-on meetings and office charges like telephone calls/postage/faxing costs.

Limited Companies:
Again HMRC Corp.Tax can raise their accountancy/tax enquiries from two years after the date of submission of financial statements/CT600 (the corporate equivalent of the personal tax return form.) Therefore, if limited company accounts/Ct600 are forwarded today, that is 22/11/2011 then can be selected up to 21/11/2013. David Barry guarantees to reply to HMRC written enquiries throughout this period free of charge providing the client has been truthful so that there are no hidden bank accounts and client oral/written assurances are correct at the time of accounts filing.. (Please note the only exclusions are face-on meeting time with enquiry officers and office charges like phoyocopying charges for documents.)

However, in addition David Barry will also guarantee the directors' personal tax returns for the same period of two years from the date of submission free of all charges (only directors of close limited companies with valid PAYE scheme references open at HMRC PAYE must forward personal tax returns to HMRCSA.)

Conclusion: Therefore if comparing fees of various accountants care must be taken to consider all three pointers before fair fee comparisons are made.

About David Barry

David Barry is a practising accountant from 1983 and has long experience of advising various sizes and types of businesses, both large (up to £5 million) and small (from £10,000).