AUTOMOTIVE

Sector specific knowledge aligned with our powerful cloud accounting expertise.

Experts in easy-to-digest tax advice

We have a wide-spreading array of clients who we support in the automotive and motor retailing sectors, ranging from small garages to car dealerships and traders. Our team have a considerable level of experience working with businesses in this sector, and are well positioned to understand and overcome the challenges of a diverse and ever-expanding sectors. We are experts in providing easy-to-digest tax advice, statutory compliance, payroll and pension support, centred around operating in tandem with the systems and processes you operate in your business.

Our team can offer a cost effective solution, ranging from statutory compliance and tax services to a detailed analysis and advice package to ensure your business is competitive in your target market. We pride ourselves on delivering a transparent, practical and specialist service to our clients, taking a personal approach to your requirements to make certain your business operates in the most effective way.

Challenges CMA’s Solutions
Time – at CMA we understand the pressures of having to keep up to date with all of the financial admin and statutory requirements. Cloud Software - our team are experts on multiple cloud-based accounting solutions. A fully integrated software that makes use of the appropriate add-ons can be a powerful tool to drive your business forward.
Cash flow – in our experience, having cash available to the business is imperative to success. Slow paying customers and demanding suppliers can be eased with a clear understanding of your cash flow. Garage finance software - as a leading firm in our usage of cloud-based and digital softwares, we are well-versed in utilising a number of product and creating a synergy between them to ensure your business is well organised and ahead of the curve. Through our knowledge of the business software’s available, we can easily
Accounts Software – with the number of accounting software’s and business support solutions on the market, selecting the most effective combination for your needs can be a challenge. Monthly or Quarterly progress checks – Management accounts on a monthly or quarterly basis can be a powerful tool to change the fortunes of your business or to recognise areas where you are strong, to enable you to take further advantage of this. We are able to plan for your tax obligations through in year reviews of profit and drawing levels.
Profitability – knowing how much profit you have made is vital in terms of the tax liabilities that will be associated, but also in having a clear understanding of the money available to be drawn out of the business. Annual Review – we will sit down with you to go through your financial reports for the past year, and take a look a significant variances and potential opportunities to make the business more profitable. By devising a plan each year, it leaves you best placed to implement the necessary changes to make your business work better for you. In addition to the business, we can take a look at your personal circumstances and devise dividend strategies, use of the pension contributions to save tax and potential amendments to remunerations.
Tax Efficiency – whilst having the funds available to draw is always a luxury to enjoy, ensuring you draw them in the correct way is vitally important to avoiding unnecessary tax charges. Bookkeeping Training – our team at CMA are experts at not only bookkeeping, but training inexperienced individuals into efficient, understanding bookkeepers. This allows a transparent view of your records all year round, and with readily available support from our team, you’ll be on a fast track to transparent, powerful and informative records in no time!
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