Accounting for small businesses – it all adds up for MMC

Stuart Thomas FCCA Partner MMC Accountants

Stuart Thomas FCCA, Partner, MMC Accountants

Stuart Thomas knew what he wanted to do from an early age. Aged just 17, he started work at MMC Accountants, then left to do his accountancy training and work for a Top 40 accountancy firm. In 2017 he was invited back as a Partner and hasn’t looked back since.

The accountancy firm has been based at Link Business Centre since 2004, occupying 2,150 sq ft of office space. Stuart says benefits include ample parking and the passing trade from nearby Travis Perkins, particularly from tradesmen.

‘I liked certain aspects of working for a larger firm but it was quite corporate’ says Stuart ‘Here at MMC, a lot of our clients are tradesmen and small business owners. Their businesses include pubs, small shops and construction companies.‘

‘As small business owners ourselves, we face the same challenges as our clients. So we’re well placed to help them overcome difficulties’

MMC’s most popular services are annual accounts whether that be for sole traders or limited companies. VAT, cashflow advice, payroll and book-keeping are also high on the list of requirements.

Tax and VAT obligations can get complicated, especially if clients go from being employed to self-employed. If they start at a particular time, it could be 18 months before they pay any tax. VAT thresholds can also cause difficulties so MMC helps their clients navigate these obstacles.

Stuart’s fellow Partner is Mike Cushing, who has over 30 years’ experience in public practice. Other team members include Kevin Hill, their senior accountant, plus Becky and Tracy, who combine book-keeping and Reception duties. Mike’s wife and Stuart’s Mum both work for the firm part-time.

Together, the team support 460 clients, an increase of approximately 60 following their move to Link Business Centre. 4 of those clients are other tenants on the estate.

‘It’s very satisfying working with small businesses’ says Stuart ‘We see some businesses when they are just starting out and we help them to grow. That’s a great feeling’

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