Everyone hopes to grow their business over time and you can deliver that with our first-class assistance. Come to us for timely, trusted advice to help take your business in the right direction. Whether you own a small or large business or need help with a personal tax query, we have the expertise you need. Clients use us because they know we treat them as we like to be treated ourselves.
They also choose BMG because of our knowledge of specialist sectors on top of all the tax stuff, which enables us to provide niche advice in the language you understand. There's no getting away from it: digital accounting is the new norm. More and more business owners are keeping digital records in the cloud and sharing them with us in a secure and efficient way.
Learn how to use software, such as Xero and QuickBooks, with us. This is by far the most approachable and thorough accountancy service we have received in 15 years. Attention to your business and its needs are definitely a priority with Barry and Anna.
They also choose BMG because of our knowledge of specialist sectors on top of all the tax stuff, which enables us to provide niche advice in the language you understand. There's no getting away from it: digital accounting is the new norm. More and more business owners are keeping digital records in the cloud and sharing them with us in a secure and efficient way.
Learn how to use software, such as Xero and QuickBooks, with us. This is by far the most approachable and thorough accountancy service we have received in 15 years. Attention to your business and its needs are definitely a priority with Barry and Anna.
Services
Based deep in the Mendip Hills in the market town of Shepton Mallet, BMG Accountancy provides accessible advice, mainly but not exclusively to small businesses, high street retailers and tradespeople in Somerset.
Buried beneath our relaxed exterior are four core values which permeate through the practice and influence the way in which we deliver our services.
It's a point of pride for us that we're there for our clients whenever they need us, and really do treat them how we want to be treated ourselves.
Buried beneath our relaxed exterior are four core values which permeate through the practice and influence the way in which we deliver our services.
It's a point of pride for us that we're there for our clients whenever they need us, and really do treat them how we want to be treated ourselves.
Once your business idea starts to take off, you need to think about registering it with HMRC.
This decision might sound easy on the face of it, but it actually determines what taxes you have to pay and which responsibilities you have.
Most new firms register as either a sole trader, business partnership, or limited company.
For sole traders and business partners, you are responsible for paying income tax through self-assessment and personally liable for any debts.
Limited companies pay corporation tax on any profits and your company finances are separate to your personal finances, but your company also needs to register with Companies House.
This decision might sound easy on the face of it, but it actually determines what taxes you have to pay and which responsibilities you have.
Most new firms register as either a sole trader, business partnership, or limited company.
For sole traders and business partners, you are responsible for paying income tax through self-assessment and personally liable for any debts.
Limited companies pay corporation tax on any profits and your company finances are separate to your personal finances, but your company also needs to register with Companies House.
The key to every successful business, including our own accountancy practice, is planning - both for the good times and the bad.
The experience we have when it comes to creating and reassessing business plans is something you can implement in your own business if you want to tap into our knowledge.
Our business planning advice helps to identify any problems before offering solutions to overcome them.
We use cashflow forecasts to set targets and anticipate realistic financial returns, factoring in best and worst-case scenarios to put your business in the best possible position to cope if, for example, another pandemic was to strike.
The experience we have when it comes to creating and reassessing business plans is something you can implement in your own business if you want to tap into our knowledge.
Our business planning advice helps to identify any problems before offering solutions to overcome them.
We use cashflow forecasts to set targets and anticipate realistic financial returns, factoring in best and worst-case scenarios to put your business in the best possible position to cope if, for example, another pandemic was to strike.
Having a strategic plan basically gives you a roadmap towards growing your business.
At BMG, we offer a strategic planning process to create clear steps to help your business hit these growth targets.
This involves conducting a meaningful SWOT analysis to assess your business's strengths, weaknesses, opportunities and threats, before outlining any objectives and ways to achieve and measure them.
We use key performance indicators (KPIs) to track and monitor your business's progress against its goals on a regular basis, so that we're ready to revisit and update your strategic plan if necessary.
At BMG, we offer a strategic planning process to create clear steps to help your business hit these growth targets.
This involves conducting a meaningful SWOT analysis to assess your business's strengths, weaknesses, opportunities and threats, before outlining any objectives and ways to achieve and measure them.
We use key performance indicators (KPIs) to track and monitor your business's progress against its goals on a regular basis, so that we're ready to revisit and update your strategic plan if necessary.
If you own or manage an ambitious business, you might be pleased to know that our management consulting service helps organisations like yours become more effective by improving the way they operate, accelerating growth, reducing costs and managing risks.
We find this serves to help firms maintain their competitive edge.
We can review your credit control, stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business.
We can also help you address specific problem areas in your business, such as gross profit, cost control and stock valuation.
We find this serves to help firms maintain their competitive edge.
We can review your credit control, stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business.
We can also help you address specific problem areas in your business, such as gross profit, cost control and stock valuation.
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