How we work
DISCOVER HOW WE DO ACCOUNTING
Since we first started, one thing has always been of paramount importance to us — clarity.
By giving you a picture of what it’s like to make the switch to us, you’ll have a better idea of whether we’re the right fit for you. This client-focused accounting process has been ironed out through lots of trial and error, to get us where we are today — A seamless and stress-free onboarding process that will have you up and running in no time.
Seamless transitions for every client
“I’m worried about the transition to a new accounting firm.”
We make the whole switching-over process as simple and stress-free as possible, to give you time to adjust and ask questions.
Communicating with your oLd accountant
“Do I have to tell my accountant I’m leaving?”
We’ll do all the paperwork changeover in the background, talking to your previous accountant and making sure everything is carried over.
Swift, Stress Free onboarding
“Will I have access straight away to your portal?”
We’ll give you access to all of our systems and accounting reports as soon as we get them, allowing you to see your financial data in real-time.
Integrating with HMRC and companies house
“I hate using the gov website,
can you do it for me?”
We’ll speak to HMRC on your behalf, and connect you quickly and effectively. You’ll be able to submit your tax return in seconds.
Following up with interest
“How often do you catch up with your clients?”
We’ll be sure to follow up with you at regular intervals to make sure you’re getting what you want from our accounting services and vice versa.
Find out how we can help your business thrive
“They have helped me completely transform the way I run the finances”
“If you need accountancy services, look no further. I could not recommend Lumin any more highly. They have helped me completely transform the way I run the finances in my business and have helped me build my confidence in knowing the numbers.”
-Harri Halvon-Hardy
“They are a genuine business facilitator”
“Ashley and his team have transformed the way I view the relationship with our accountants . They are a genuine business facilitator. They take the time to understand the business and the people behind it and their service levels are the best I’ve experienced by a country mile. I can’t praise them enough.”
-Simon Woodman
tried,
tested & trusted
Hear from our clients, old and new, about what we’re like to work with as a firm.
Independent Accountancy Practice of The Year 2023
FAQs
What is included in accounting services ?
Here at Lumin Accountancy, we offer 3 main packages, each with a dedicated point of contact to ensure we get to know your business inside out.
Essentials: This takes care of the must-dos for your business, from Accounts to Payroll, with some essential tax advice along the way.
Ignite: For businesses looking to take control and streamline their financial systems with yearly reviews and forecasts, allowing you time to consider potential tax planning opportunities available.
Evolve: Evolve is like having a plug-in finance team for a fraction of the cost! It’s all about helping your business achieve its potential, from creating performance indicators and metrics to tracking targets to complete financial visibility.
What are accounting services ?
Accounting services are the accurate production of financial records and maintenance of efficient recordkeeping practices, ensuring compliance with tax regulations, whilst also helping to make informed business decisions.
At Lumin Accountancy, we provide essential services to ensure your business is financially organised, tax-efficient, and legally compliant.
What falls under accounting services?
Accounting services cover a wide range of financial tasks that help businesses stay organised, compliant, and financially healthy.
At Lumin Accountancy, our services are designed to meet the diverse needs of businesses, ensuring everything from day-to-day management to long-term planning is taken care of. This includes bookkeeping, tax services, payroll management, financial reporting, budgeting and forecasting, and statutory accounts.
What does a typical day for an accountant look like?
A typical day for an accountant can vary depending on deadlines, volume of clients, or meetings booked in. However, when asked, this is how our Client Manager Dewi advised that he structures his day:
Morning: Checking emails that have come through overnight, reviewing or preparing Accounts/VAT returns etc, speaking with HMRC to resolve any issues or to receive updates regarding registrations or returns.
Afternoon: Training our junior accountants, contacting clients for any outstanding information/queries, attending meetings/taking calls with clients.
How often should you speak to your accountant?
As a minimum, it’s important to touch base with your accountant at least twice a year. This ensures your financial records are in order and allows for mid-year reviews or planning adjustments to avoid surprises at year-end.
Other key times you should speak to your accountant include:
- Whenever you need business advice –Consult your accountant on major business decisions, like expansion, securing funding, or changing business structure.
- Within three months after year-end – To finalise accounts and tax returns.
- Within a week of your VAT return end date – If your business is VAT registered, to ensure accurate submissions and avoid penalties.
Start your journey
We’re so excited to work with you and your business – let’s talk whenever you’re ready.
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