An established practice. A practical approach.
MFFS Accountancy has supported businesses and individuals from Beckenham since 2014. Our team combines detailed accounts work with practical tax advice for clients across London and the UK.
Our practice team
Our team supports owner-managed businesses, company groups, directors, property owners and individuals. We bring together bookkeeping, accounts, payroll and tax work so that advice is informed by the underlying records and the client’s wider circumstances.
We help owners and their internal staff understand what information is needed, work through inconsistencies and improve day-to-day record keeping. Complex matters are reviewed in the context of both tax obligations and commercial decisions.
Our working method
Understand the position
Learn how the business operates and review its records, obligations and priorities.
Review the detail
Reconcile balances, investigate discrepancies and clarify missing information.
Look ahead
Consider upcoming payments, deadlines and the tax implications of planned decisions.
Explain and support
Discuss practical next steps and help the client’s team maintain the agreed process.
Our approach
Understand the business. Understand the figures.
We regularly work with businesses handling substantial transaction volumes, employees and subcontractors, complex VAT treatment, CIS deductions and significant amounts due from customers or HMRC.
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Depending on the engagement, our work includes:
- Reviewing bookkeeping and correcting historic accounting errors.
- Reconciling CIS deductions using statements, business records and available HMRC information.
- Reviewing VAT classifications, including domestic reverse charge and flat-rate scheme issues.
- Investigating differences between accounting records and HMRC balances.
- Identifying missing invoices, duplicated transactions and incorrect postings.
- Reviewing debtors, tax liabilities and cash-flow pressures.
- Supporting our clients with HMRC correspondence, enquiries and repayment claims.
- Bringing overdue accounts, tax returns and bookkeeping up to date.
Reliable compliance starts with understanding the underlying records. We work through inconsistencies so that the accounts provide a sound basis for reporting and advice.
Our values
Accuracy
Reviewing the detail and investigating inconsistencies.
Honesty
Explaining the position, risks and available options clearly.
Responsiveness
Considering priorities and agreeing practical next steps.
Long-term relationships
Building an understanding of the business over time.
Practical support
Advice you can understand and act on.
Clear scope and fees
Agreeing what is covered and discussing additional work.
Professional standing
MFFS is a Fellow-led practice. Its leadership is an IFA Fellow Tax Adviser and Fellow Accountant, and an ICPA Fellow. Our team brings that professional oversight together with practical accounts, bookkeeping, payroll and tax support.
We act for clients with HMRC once the required authorisations are in place.
Professional bodies
Institute of Financial Accountants
- LeadershipFellow Tax AdviserFellow Accountant
ICPA
- LeadershipFellow
Software certifications
XeroCertified Advisor
FreeAgentPractitioner
We are ready for Making Tax Digital, and we keep active technology, banking and insurance partnerships in place for the services our clients need.
MTD ready
Digital records, quarterly updates and the annual return, in compatible software.
Banking & insurance partnerships
Introductions to banking and insurance providers when the business needs them.
Accounting technology
We use Xero and digital document tools to support reliable bookkeeping and useful financial information. We also have experience with QuickBooks, FreeAgent, Hubdoc and Dext. The records, software and any migration are reviewed as part of the engagement.
Where we work
Based in Beckenham, in the London Borough of Bromley. Supporting clients across London and the UK.