Accountants Cambridge
Looking for a reliable small business accountant in Cambridge? We have the perfect team for you! Our experienced and qualified experts specialise in Xero bookkeeping, offering comprehensive services from tax planning to financial statement preparation. With our deep understanding of the complexities of running a small business, we guarantee to help you maximise your returns with confidence. Let us handle all your accounting needs today!
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Are you a small business owner looking for accountants in Cambridge? JMC Accountancy is a modern and proactive firm that can fulfil all of your financial needs, from tax compliance to management reporting.
Welcome to JMC Accountants in Cambridge
The City of Cambridge has so much to recommend it as a place to live, work or run a small business. It is, of course, a famous as a seat of learning owing to its libraries, museums and renowned university. It’s little wonder then, that a large majority of residents are highly qualified, work in professional jobs and enjoy a much higher than average wage.
Cambridge locals are a lucky bunch, benefiting as they do from the city’s heritage, natural beauty and stunning architecture, combined with all of the 21st century amenities you would expect from a modern city centre. What’s more, Cambridge offers workers a decent commute, being less than one hour from London by train.
While mention of the city may bring to mind traditional images like punting and bicycles, Cambridge is actually the UK’s most thriving technology hub. It has a great business support network, which combined with its highly skilled workforce and affluent population makes it ideal place for start ups and small businesses.
If you are a new or established small business in Cambridge, then JMC Accountancy Ltd. can offer you all the accounting support you need to help your business thrive. To book a free consultation, please contact us and one of our highly professional team will be in touch to discuss your needs.
We love accounting so you don’t have!
JMC Accountancy counts many small to medium sized businesses in Cambridge as valued clients. From our local office in the heart of Cambridgeshire, we provide a full range of tailored accountancy services to make accounting less of a battle.
In addition to keeping your books and tax affairs shipshape, as your trusted accounting partner we can help you master your financial data to inform your decision making and fulfil your objectives.
Our clients are happy to recommend us, please read our reviews.
Cambridge accountancy services
We offer a broad range of professional accountancy services to companies in Cambridge, from every day assistance with bookkeeping and tax advice, to annual returns and management reporting. We will tailor the right package to your business, depending on your needs and budget, with no hidden fees.
Taxation services Cambridge
Our experienced team can offer assistance with all areas of taxation. We can make sure you are kept up-to-date with the latest tax legislation, and take the admin of your tax returns off of your hands. We can also identify tax efficiencies to save you money.
Making Tax Digital
Making Tax Digital for self-assessment comes into effect in April 2024. From that date, all sole traders and landlords earning in excess of £10,000 per year will be required to keep digital records and submit their tax return using approved cloud-accounting software.
If you have questions on what it means for you, we have all the answers you need. We can also help you migrate your accounts to our preferred software, Xero.
Xero cloud accounting services
Gone are the days of spending 9-5 at your desk. Cloud-accounting software such as Xero provides full access to your accounts on multiple devices, wherever you are. As a Xero Silver Partner, we can help you to get the most out of this valuable technology to make your life easier.
VAT return accountant
VAT legislation and processes can be difficult to navigate and have a habit of changing! If your VAT return is a source of stress, we can offer you support and advice to ensure you remain compliant.
Bookkeeping services
The day-to-day task of keeping your accounts updated and paperwork in order can be a slog. Our reliable and cost-effective bookkeeping services can relieve the burden.
Payroll services
Payroll is one of the fundamentals of a business, but it’s notoriously time consuming and tricky. That’s where we come in! With our support you can help you stay on top of the payroll tax calendar and pay your staff accurately and on time. We can even offer you a fully outsourced payroll function.
Property accountants
Our team of accountants provide services to both property developers and private individuals, allowing them to build their portfolios while we take on the burden of their finances.
Business advice
As well as looking after your numbers, we can provide business advice to help you fulfil your plans for growth. As your trusted business partner, you can rely on our expert insight to help you run your business more efficiently and to reach your goals.
Local businesses we help
We are trusted local accountants for all kinds of self-employed and manager-run businesses in Cambridge.
Meet Toni Sculthorpe Director
“Hi, I’m Toni, Director of JMC Accountancy Ltd. I was inspired to set up JMC after many years as an accountant and director with other firms. I wanted to do things differently and establish a modern, proactive team of accountants – one that small businesses need and deserve. Our ethos is built around really getting to know our clients and their businesses. We are not just here to make the numbers add up – we act as their business partner and take an active role in helping them to achieve their ambitions.”
Small Business Accountants Cambridge
We understand that you started your company to pursue the thing you love, not to spend valuable time filing receipts and wading through accountancy jargon! Fortunately, we excel in that sort of thing.
You can rely on our team of expert accountants to take on frustrating tasks like bookkeeping and tax returns, so that you can put all of your efforts into running and building your business.
Accountants for Sole Traders Cambridge
Being self-employed can be all consuming, especially for sole traders. Allow us to take on your accounting so that you can retain as much of your hard-earned profit as possible.
Limited Company Accountants Cambridge
We offer a comprehensive range of accounting services to limited companies. If you are on the verge of becoming a limited company, we can help you understand the legislation and take that step.
Accountants for Landlords Cambridge
The breadth and quality of property in Cambridge makes it an attractive place for ambitious landlords. In order to give you time to focus on your portfolio, we can take control of your finances.
Whatever your business structure, we can make accounting more efficient and your life that little bit easier. Contact us today to book a discovery call.
Why choose JMC Accountancy?
Our professional and efficient team of accountants have been supporting local companies in Cambridge since 2013. We take pride in our knowledge of the area and really getting to know the needs of local businesses.
Far from your typical accounting firm, we are modern and proactive. We’re here to help small businesses thrive, not just to tick boxes and shuffle numbers!
Our highly qualified and professional team of accountants take a personal approach, and are here to give you the best advice to support your business, finances and life goals.
JMC Accountancy Ltd rated 4.8 out of 5 based on 17 reviews on Google.
Google Rating
Based on 17 reviews
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What are the advantages of hiring an accountant?
Professional accountants can save your small business time and money. They can take on tricky tasks such as bookkeeping and tax returns, allowing you to focus on your business. You can be confident they will keep you compliant with HMRC and that you have professional accounting advice on-hand when you need it.
How often should you meet with your accountants?
Good accountants will insist on checking in with you at least on a monthly or quarterly basis, depending on your requirements and the stage of your business. This is essential to understand your business and your ambitions, in order to provide tailored support and advice.
Is an accountant necessary for a small business?
There is no legal requirement for a small business to hire an accountant, but it can be a sound investment. They will help you to establish a robust accounting system to manage your cash flow effectively and make tax planning easier, as well as updating you on any legal changes around tax and VAT.
Should I use accountants for self-assessment?
You can complete your self-assessment independently, but with the benefit of an accountant the process will be far more efficient. They can help streamline your bookkeeping so that your end of year submission is easier, plus take on the form-filling and liaison with HMRC.
Will an accountant save me money?
Accountants can help your small business to become more tax efficient, actively saving you money. They can also help you establish an accurate view of your finances so that you can manage your cash flow more effectively and make informed decisions about the future of your company.
Can I claim expenses without a receipt?
While it is preferable to have a receipt to claim business expenses, it not usually essential. As long as you have a record of the transaction, such as on your bank statement or in a set of detailed notes, that should satisfy HMRC.
Do I need accountants to register a company?
An accountant can offer advice on whether your small business would benefit from being a limited company. You can make the transition on your own, but accountants can take on the paperwork, liaise with Companies House and ensure you meet your new tax and legal obligations.
What is Making Tax Digital?
From April 2024, sole traders earning above £10k per year must comply with Making Tax Digital. This means they must submit their accounts to HMRC using approved software, such as Xero. The scheme aims to make the self-assessment process easier with less scope for error. It is already live for VAT.
