The document summarizes Yare Accountancy Services' presentation on the changing face of accountancy. It discusses how time-based charging, computer technology, and cloud technology have impacted the industry. It then outlines Yare's value-added service packages (Bronze, Silver, Gold) and fees, which are collected monthly by direct debit. Clients receive services like tax investigation insurance, financial accounts, tax returns, and cloud accounting access.

1. Yare Accountancy Services
Presents
“The Changing Face of Accountancy

2. Paul Ryan
Managing Director and Principal

3. News Flash
• Bob Cratchett is Unemployed only days before Christmas
• Scrooge & Co Accountants cease trading blaming Cloud Technology

4. Time Based Accountancy Charges
• The old way of charging fees as hourly rates is dying
• In 1986 as a practice manager I was charged out by a firm at £52.50
per hour an average set of small Limited Company accounts was two
weeks work.
• The minimum fee for a sole trader eg window cleaner was £150
• To take account of inflation that fee would now be over £1200

5. Computer Technology
• The introduction of computers has speeded up the accountancy
processes.
• This has meant that charging by the hour the fees fell
• It also meant that in order to fill the time more clients were needed
but most accountants didn’t understand how to market themselves to
achieve this

6. Cloud Technology
• The latest thing is putting everything in the cloud this means that
Accountants and Clients can collaborate viewing the same file at the
same time.
• It has also promoted the Paperless Office
• HMRC is starting to use cloud technology and many accountants think
their clients will no longer need them

7. Accountants need to Embrace Change
• The old way is no more
• Accountants need to change the days of Bob Cratchett and the Quill
Pen are consigned to history.
• In comes a new way of providing services to clients
• It involves new services which clients previously did not know they
needed
• Provide clients with real time information so that they can make up to
the minute decisions on their financial affairs

8. Our Phone App
• We have a Yare Accountancy phone app which
• Gives access to up to the minute information on tax deadlines and
rates
• Has calculators to work out loan repayments, mortgage costs and
much more
• Has information on our firm with up to date news items like
Christmas Office Hours
• Allows messages to be sent to us or gives access to our website
• More services will be going live in the next few weeks

9. Value Added Services
• It is not what your accountant does but how he adds value
• To achieve this we offer our clients 3 service level packages for each
type of client
• Sole Trader
• Partnership
• Limited Liability Partnership
• Limited Company
• Trusts
• Charities

10. Our Packages
• Bronze
• Silver
• Gold

11. Bronze
• Tax Investigation Insurance
• Preparation of Annual Financial Accounts
• Completion of Tax Returns
• Cloud Accounting Package which can be accessed from your
computer, mobile phone or tablet

12. Silver
• Tax Investigation Insurance
• Preparation of Annual Financial Accounts
• Completion of Tax Returns
• Cloud Accounting Package which can be accessed from your
computer, mobile phone or tablet
• Photograph your receipts for paperless storage

13. Gold
• Tax Investigation Insurance
• Preparation of Annual Financial Accounts
• Completion of Tax Returns
• Cloud Accounting Package which can be accessed from your
computer, mobile phone or tablet
• Photograph your receipts for paperless storage
• Monthly Management Accounts
• Quarterly Financial Review

14. For Limited Companies
• All packages include
• Submission of Accounts and Annual Return to Companies House
• Maintaining the Statutory Registers as required by the Companies
Acts

15. Fees
• Our Fees are collected monthly by Direct Debit
• The Tax Investigation Insurance means that our fees are paid by the
insurance company so you do not have to worry if HMRC picks you
from the hat for a records check about getting an additional
accountants bill

16. Extra Services
• Payroll
• VAT
• CIS
• Auto Enrolment Administration and setup
• These will be quoted in the packages as required by the client

17. Specialist Services
• Forensic Accountancy services will be provided on a time basis. In
basic terms Forensic Accountancy is investigation into why you are
not making the profits you expected to, stock discrepancies, cash
discrepancies and much more

18. Our Partners