Role name

Client Director

At Fiander Tovell accountants in Southampton, our people come first. People do business with people and our culture focuses on looking after each other as well as our clients. Our advice and services are designed to bring our clients maximum benefit, by helping them to run their businesses or financial affairs more efficiently and cost-effectively and to keep more of the money they make through effective tax planning.

Our independent, director-led practice works with business owners and directors at every stage of their business lives, from start-up through to growth and consolidation and on to succession and exit strategies. We also advise clients on personal financial and tax planning issues, to help them achieve security and peace of mind, now and for the future, for themselves and their families.

Our values sit at the heart of our success and influence the way we work together as a team and with our clients or contacts on a daily basis. They are:

• Opportunity – Maximise the potential of every person (both clients and staff) through development and continuous improvement
• Fairness – Ethics, caring, support and equal opportunity for all
• Transparency – Open and clear communication
• Personal Responsibility – Personal accountability and service
• Teamwork – We share a common goal and can achieve this better together

Role purpose and key responsibilities

A senior member of the Fiander Tovell team, the Client Director is a member of the Management Team of the firm. Taking the lead in one of the core client-facing teams within the firm, the Client Director holds business development, client and practice management responsibilities and is expected to make a strategic level contribution to the firm.

The role presents the opportunity to develop to statutory director/ equity holder in the medium term.

The responsibilities of the Client Director will include:

• Develop the operating strategy of your team and be an advocate for the wider strategic direction of the firm – developing and executing strategic plan for the firm
• Demonstrate strong commercial skills in the management of teams and assignments, striving to maximise profitability through control and influence
• Consistently provide outstanding client service standards and build strong relationships with clients as their principal business advisor
• Regularly develop new business from existing and new clients and business contacts
• Develop the potential of individuals and teams to maximise their capabilities and career development
• Protect the professional reputation of the firm
  

Person Specification

The successful candidate will be able to demonstrate:

Skills

• Proven technical expertise in their chosen specialism
• Leadership/ people management experience

Behaviours

• Commercial acumen
• Positive person
• Encourage others
• Trusted adviser
• Committed to continuous learning and development (personal and that of others)
• Clear and effective communicator
• Progressive approach
• Subscribe to the firm’s values: Opportunity, Fairness, Transparency, Accountability and Teamwork

Qualifications

Essential:

• ACA/ ACCA – member or fellow

Experience

• Practice trained
• Recent practice experience, experienced portfolio and people management

What we offer

• A competitive salary and benefits package
• 28 days annual leave, with the option to purchase more
• Income protection scheme
• A commitment to your ongoing learning and development
• A blend of office and home based working
• A friendly working environment, with regular social events throughout the year
  
  

Role name

Private Client Tax Manager

At Fiander Tovell accountants in Southampton, our people come first. People do business with people and our culture focuses on looking after each other as well as our clients. Our advice and services are designed to bring our clients maximum benefit, by helping them to run their businesses or financial affairs more efficiently and cost-effectively and to keep more of the money they make through effective tax planning.

Our independent, director-led practice works with business owners and directors at every stage of their business lives, from start-up through to growth and consolidation and on to succession and exit strategies. We also advise clients on personal financial and tax planning issues, to help them achieve security and peace of mind, now and for the future, for themselves and their families.

As a member of the tax team at Fiander Tovell, the overriding purpose of the Private Client Manager is to manage a portfolio of personal tax clients, with some opportunity for projects or advisory work.

Role purpose and key responsibilities

• A technical expert within the Private Client team providing technical support to the tax and wider teams
• Manage a portfolio of circa 150- 200 private tax clients, providing both compliance and advisory services
• Provision of complex private client advice to a wide range of clients
• Promotion of our tax services to both existing and prospective clients with a view to growing the client base – business development
• Contribute to the development of trainees within the tax team

The Private Client Tax Manager is a key member of the tax team. They will report to a Client Director and work alongside managers and senior managers from all client facing teams across the firm.

Key relationships

• Client Directors
• Client Managers across the firm
• Trainees working within the tax team
• Client contacts
• Introducers of the business and other professionals (e.g financial advisers/ pension advisers) 
  

Person Specification

The successful candidate will be able to demonstrate:

• An organised approach to their work
• A clear and confident communicator with clients and junior staff, able to impart complex technical points in an understandable way for less experienced individuals or non tax specialists
• Work in a supportive, caring and collaborative way with colleagues at all levels. React positively to requests for support from colleagues and be proactive in offering assistance, when required
• Demonstrate enthusiasm and a commitment to continuous learning and self-improvement
• CTA / STEP qualified desirable
• A minimum of five years’ experience PQE, of which at least 2 years’ as manager.

What we offer

• A competitive salary and benefits package
• 25 days annual leave, with the option to purchase more
• Income protection scheme
• A commitment to your ongoing learning and development
• A blend of office and home based working
• A friendly working environment, with regular social events throughout the year
  
  

How Advisory Accounting Can Help Your Business Succeed

Conventional business owners believe that they only need an accountant during tax season. This arrangement makes a lot of sense and can help you save money. However, if you do such a thing, you are short-changing yourself.

Accountants can take on a corporate advisory capacity. They can be your strategic advisors and advise you on business and tax matters. Most importantly, they can offer you a lot of advice on time-specific issues such as retirement, estate, and tax.



The bigger question is, what is advisory accounting? You can learn the answer to this question in this article, so better stay tuned. 

What Is Advisory Accounting?

Advisory accounting is the collaboration between the business owners and accountants wherein the former will provide the advice, while the latter will provide the accounting and financial expertise. The business owners will be the ones who will hold the responsibility of making the big decisions in the company. In contrast, the accountants will be the ones who will give the advice or opinion on the best business decisions.

Kindly note that you, as the business owner, still have the final say. You have the responsibility of making the final decision, but you can seek the advice of your accountant before doing so.

Think again if you can do without an accountant because you do not need tax help. It is a win-win situation if you engage an accountant to give you advice on your business. After all, you will be able to save a lot of money, and you can make the best business decisions for your company.

Why Do Entrepreneurs Need Advisory Accounting?

Businesses need a lot of help from time to time. When your business grows, you will have to hire more people. You will have to review your compensation plan and benefits package as you engage more employees. Your insurance policies, retirement plans, and other employee benefits must be examined.

You need to review your operations because you might spend more than you make. You might think you are earning a lot as a business owner. However, you will be surprised to learn that you are losing money in the long run.

If you want to protect your company and make it grow sustainably, you will have to work with an accountant. Remember that even if you make a lot of money, you cannot afford to lose it. The accountant will help you make better business decisions. She will take care of your books for you, and she will give you advice on how to maximise profits. 

How You Can Benefit from It

You need the help of an accountant because you want better financial decisions for your business. An accountant will make sure you are maximising your profits each year. 

You do not want to go through the stress of managing your company’s finances because you do not have the time to read through the financial statements. By engaging an accountant, you can take time to focus on your priorities.

 

Therefore, you need an accountant to help you get through the business details. If you are interested in helping your business grow, you must focus on the right areas. You can allocate a considerable amount of time and resources to the areas that your customers find relevant. You can focus on your priorities by hiring an expert to take care of your finances.

 

Conclusion

The bottom line is that you need advisory accounting services as a business owner. Hire an accountant who can help you sustainably grow your company. You will also be able to focus on your priorities and give your business the attention it deserves.

You can reach out to Fiander Tovell for your corporate advisory needs. We can make your financial statements during tax season while studying your books to maximise your potential. Contact us now to book a consultation!

Audit accounting is vital to ensuring a company’s finances are accurate and distributed fairly. But what does audit accounting involve?

What Is It?

Learn about audit accounting and why it’s a popular career path for graduates.

As companies and public sector organisations come under increasing scrutiny for their finances, audit accountants are responsible for reviewing financial records to ensure they are accurate and compliant.

Audit accounting can be an internal process focused on mitigating risk and identifying areas where cost savings can be made. Alternatively, audit accountants can be independent specialists who conduct external audits of company accounts.

How Is This Accounting Different?

Audit accounting differs from other finance roles in that the nature of financial accountability imposes strict deadlines and requires a keen eye for detail and a willingness to challenge the status quo. 

Whereas an accountant provides advice and support on tax returns, bookkeeping and cash flow, an audit accountant delves deeper into the records, retrospectively examining an organisation’s accounts. Essentially, their goal is to give the client a financial overview of their year and point out any areas of improvement or weakness in the business while following company legislation and calculating tax liability.

Audit accounting also differs from asset management and investment banking roles, focusing on governance and compliance objectives rather than growing a company’s finances. 

It’s about ensuring the numbers add up through careful analysis and administration. No stone is left unturned when protecting the financial health of an organisation. 

In short, they add value and confidence to a set of accounts by examining areas of financial risk and uncertainty and reducing them to give or restore much confidence in their client accounts. They will review the financial statements and test their accuracy, looking for errors that would change users’ perceptions of the accounts.

Audit Accounting Roles

Audit accountants usually specialise in two areas—internal and external auditing.

• 
  Internal audit accountants: Large businesses, especially those in regulated industries such as finance and the public sector, often hire audit accountants to help them with compliance and accountability.

As well as making sure the books are balanced, and all income and expenses are accounted for, an internal auditor will identify areas where the company can become more efficient, especially when buying supplies for multiple locations.

• 
  External audit accountants: External audits allow you to work with multiple organisations, examining their accounts to ensure they meet requirements.

This could involve tax liabilities for HM Revenue & Customs, funding allocation for public bodies, or financial health for private companies working with government organisations. Audit accountants measure a variety of metrics, depending on their clients.

Skills Needed

• 
  You need to be able to spot anomalies in large amounts of data to be successful in this role.
• 
  You must communicate effectively in writing and in person to present your findings.
• 
  You need to be able to identify problems and present solutions.
• 
  You need to get the work done quickly and efficiently under pressure.
• 
  You must be confident in your abilities and willing to challenge the status quo.

Work with Audit Accountants Today

Should you need assistance with audit accounting in Southampton , contact Fiander Tovell immediately! We specialise in providing businesses and industries with financial services that restore or give fiscal confidence. Visit our website or call us at 023-8033-2733 now!

Strategic Move: Why You Need an Accountant During a Recession  

The industrial and political leaders who met in Davos last May gave a  gloomy outlook for our future . Even the World Bank  shares their pessimism . This grim reality makes us rethink our current budgeting strategy. 

People all around the world are starting to tighten their belts. As an entrepreneur, it is prudent to do strategic cost-cutting measures. With that said, should you cut off accounting services? 

Doing so would double your financial woes. Before you do so, kindly finish reading this article. It will give you excellent reasons why small businesses and start-ups require an accountant. 

Helps You Legally Reduce Your Taxes  

Developing complex strategies for accounting is what bookkeepers and accountants do. That is why most companies hire them for their expertise in reducing the taxable income of their clients. By following the advice, the accountant gave, less taxable income would be reported.   

 

Again, let us emphasise the word legal. Hiring an accountant is your best option when you have no clue about improving your tax rates. Many accountants are not just helping their clients to save money. They are preserving their assets’ value by reducing their tax liabilities. 

A typical example of tax reduction is the depreciation of assets. It is a crucial process in tax saving because you can reduce your capital gains.    

 

You must ensure you can take full advantage of your asset depreciation. If you fail to do so, you risk your assets becoming useless. Thus, effectively reducing the value of your assets. 

  

Finding the Right Software for Your Accounting Needs  

If you have a small company with less than 20 employees or have a start-up, you’ll have fewer accounting requirements than a mature company. However, you must take into consideration your business type. It would be best if you choose the right software to meet your accounting needs. 

 

Time and effort are the best investments you can make for your business. When you use the right accounting system, you will save money and time. An accountant can provide you with customised accounting software for your company. By choosing the right software, you can significantly save time. 

 

Helps You Manage Your Finances  

Accounting is a crucial part of the business. It is the one that helps you identify revenues, expenses, and profits and is your primary tool for resource allocation.   

 

You can effectively manage your finances when you know how much cash you have on hand and how your income and expenses are balanced. You can allocate resources to the areas with promising futures. For instance, you can use your profit to develop your business for faster growth. 

 

As the old saying goes, knowledge is power. As an entrepreneur, you must have the proper knowledge of managing your finances. An accountant can provide you with the correct information.   

 

You must be aware of your expenses. You need to know how your business performs financially. For that purpose, you can determine when to apply your resources. 

 

Conclusion  

Accounting is essential for your business. It helps you run your business effectively because a good accountant can give you the right advice on addressing your business needs. They can help you manage your finances most efficiently. You should not undermine their value as a business partner. Accounting is your best weapon if you have a small business and want to reduce your financial problems. 

 

In this crucial time, it would be best to rely on the expert help of Fiander Tovell. We can help you get through this financial crisis and even pave the way to your company’s expansion. Contact us for more information.