Lyness Accountancy Practice

BizDrive™

		If you want an accountant that will help you understand your numbers, monitor them arrange appropriate funding reduce your tax liability help your strategic direction and and then change your numbers then you are in the right place - Bizdrive is for you. Government statistics tell us that there are 3.8 million Small and Medium Sized Entities (SMEs) in the UK. Owner managed businesses are not identified specifically but it is reasonable to assume that the vast majority of the 3.8 million SME's are in fact Owner Managed Businesses (OMBs). So clearly OMBs are already making a vital contribution to the success of the UK economy. But what's the real story? The UK doesn't have the number of OMBs it should have. Many of the OMBs we do have underperform. Many of them are also damaging the health and happiness of their owners and families. As a result our entire society and entire economy is suffering and things need to change. BizDrive has been created specifically to help you rise above those challenges, and to help you unlock the true potential in your business. Understanding The Numbers.... The answer to your potential lies in your numbers, and that's why Lyness Accountancy Practice can help you unlock your potential. We will help you interpret what's happening in your business like never before by helping you define the things your business must get right if it's to succeed and then developing new ways to measure and therefore manage them. Traditional Accountants only talk in terms of profit and tax, but those are just numbers. What is BizDrive.? So you want more profits? Well how do you manage profit? The answer is you can't, because your profits are simply a result, a consequence of everything else that is going on within your business. So to change your profits you need to change something else within your business (For example changing your prices will have either a positive or a negative impact upon your profits). BizDrive will help you understand and manage the processes that will have an impact on your profits. The BizDrive. package includes: Futurising, Annual strategic planning session assessing your goals and designing your company to help achieve them. Changing the Numbers, Budgeting, what profits are needed. Business Monitoring, Cashflow forecasting for the next twelve months and adding the figures to your accounts software for comparison. Quarterly Management Accounts. Monthly monitoring using the unique One Page Business Report Board View, Quarterly meetings assessing progress to target and the actions to correct any shortfall And everything else you'd get from a traditional accountant!
		Futurising *“The only point to owning a business is if the business can do more for you than having a job can”* Michael Gerber Business Guru Michael Gerber says any business owner should start by answering the question “what do I want to achieve in life?” because only then can you create your business to behave in the way you can achieve that. And that’s why the Futurising Session is probably the most important part of our relationship, where we look at together exactly what you want to achieve. We’ll use the unique Business Potential Software to examine the effect of small changes in the business will make to your results. And before you can move the business in the direction you want it to go you need to assess exactly where you are now. The Business Developer Software will produce a full graphic report demonstrating your areas of strength and weakness and this will be used to plan the areas that need addressing now. We’ll then fully discuss what you want to achieve, what are your personal and business goals and what does your business need to look like for you to achieve them. In other words we’ll develop your vision of the business in the future and we’ll work on a powerful “vision statement to inspire you and your team towards achieving it.”
		Changing The Numbers The chances are that to achieve your personal goals you’re going to require more income than now, but how much? And how much more profit does the business need to generate to allow you that level of income. In this session we’ll work with you to set targets of turnover and profit for up to the next 5 years, aligning those targets with the income levels needed to achieve the goals and vision you created in our futurising session. You’ll revisit the Business Potential Software and also begin brainstorming where small changes can have a dramatic impact using the unique Success Driver Mapping process, which actually breaks down the steps of your sales process to examine which systems when improved will have the most dramatic effect on your results.
		Business Monitoring The chances are that to achieve your personal goals you're going to require more income than now, but how much? And how much more profit does the business need to generate to allow you that level of income. In this session we'll work with you to set targets of turnover and profit for up to the next 5 years, aligning those targets with the income levels needed to achieve the goals and vision you created in our futurising session. You'll revisit the Business Potential Software and also begin brainstorming where small changes can have a dramatic impact using the unique Success Driver Mapping process, which actually breaks down the steps of your sales process to examine which systems when improved will have the most dramatic effect on your results.
		Management Accounts Target setting and monitoring your progress are crucial from the moment you begin your journey to the business and life you've visioned in the first two session. That's why we will now create Profit and Loss and Cashflow forecasts for the next 12 months based upon your turnover projections for the coming months and the potential changes we identified during the Sucess Driver Mapping Process. These monthly forecasts will then be added to your computerised book-keeping system so that you may track your progress and identify shortfalls early for you to be able to do something about them. Each month your forecasted figures will be changed to reflect what actually happened and therefore will demonstrate the results and cashflow you can now expect in the coming months. The entire BizDrive. Package has been designed around you receiving excellent timely information on which to base your business decisions whilst ensuring you focus on what you're trying to achieve. Regular management information is crucial to this process, and that's why management accounts are imperative. The necessary frequency of your management accounts will most likely depend upon the quality of management information you're already receiving but they'll typically be prepared either monthly or quarterly. Additionally they'll be prepared and reviewed as soon after your month end as possible, the greater the time lag the more the usefulness of the information diminishes as the situation could be drastically different within a few weeks.

		One Page Business Plan Our One Page Business Plan does exactly what it's name suggests, it holds your vision of the company you want to create and tracks your progress towards that vision and the actions you need to take all on one sheet of paper. What's more it's updated every single month. Unusually it's read from the bottom of the page up, starting with your vision, or what you're trying to achieve, which we identified with you during the futurising session. Then key measures are identified in each of: Critical Success Factors - the things your business simply must get right if you are to achieve your vision. The Key Sales Drivers - the activities that create your turnover. Key Cost and Cash Drivers - the key factors that affect your overheads and cashflow. For each of them a monthly target figure is set so that when actual figures are entered against them you can see where you're under performing and decide actions to put things right before the profit is majorly affected. Speaking of profit, the final area of The One Page Plan is Key Results and this is where profit, turnover and your other key results are reported. They're reported last because, remember you can't manage profits, it's only by changing your activity and results in the other areas that you'll change these numbers.

		What Else Will We Do For You? Through BizDrive™. you'll receive everything you'd expect from a traditional accountant without receiving additional unexpected bills: Audit certification (if necessary) Year end accounts preparation Accounts filed with both Inland Revenue and Companies House Inland Revenue Form CT200 preparation and submission Personal Tax Returns P11d preparation and filing P35 preparation and filing (if necessary) P14 and P60 preparation (if necessary) Companies House Annual Return Submission Statutory Books upkeep Hosting your registered office (if you want us to) Pre year end tax review Professional Fee Protection Monthly Proactivity Service Unlimited taxaction helpline FREE access to self development library FREE access to your wealth manager Newsletter Taxability review FREE IT Healthcheck Financial performance review Quarterly VAT Returns Payroll BizDrive™. from Lyness Accountancy Practice will give you access to one of the most complete business monitoring services around, in most cases it will be like having your own Financial Director but at a fraction of the cost (a fully qualified Financial Director is likely to cost you £35-40,000 per year) You'll know of potential problems for your business in advance of their impact, to give you time to do something about them because your forecasts will be updated on a regular basis and your sales drivers are also measured and managed extremely thoroughly. But in addition to that you'll also having someone who's keeping you on track working towards your vision, examining your Critical Success Factors and helping you decide corrective actions when things don't go to plan. Through BizDrive™ you will have access to our entire team who will do their utmost to ensure your business provides your life rather than consumes it.

It’s A Marathon Not A Sprint
19 April 2005
Business owner Roy Lyness joined Martin Lyness and Steve Hill in running in the London Marathon, a first marathon for each of them, raising an impressive £4,000 towards the overall target. More...

Midlands Treasure Hunt Makes A Difference
23 November 2005
Barnardo’s is set to benefit from a treasure hunt around the West Midlands held on 28 October, organised by Oldbury based firm Lyness. The event has been planned to coincide with Make A Difference Day and raise awareness of local volunteering opportunities. More...

QUALITY AT FOREFRONT
05 July 2005
Clients can rest assured quality is at the forefront of the service they will receive

from Roy Lyness and his team at Lyness Accountancy Practice. Obviously this means they have peace of mind that their financial and taxation affairs are in safe hands.
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Matt Graduates With The Champions
02 August 2006
Oldbury’s Lyness Accountancy Practice celebrated another notable achievement when Client Manager Matt Bakewell attended the Institute of Chartered Certified
Accountants Graduation Ceremony at The University of Birmingham More...

Meet the Accountant who’ll help drive your business forward.
10 January 2005
There are myriad reasons why businesses fail, but one of the most common is owner-managers failing to take decisive action when financial problems occur... More...

It All Adds Up To A Marathon Challenge
20 January 2005
A firm of Accountants from Oldbury has entered three of their team in this year’s London Marathon to raise money for charity... More...

‘Recognition for Oldbury Director of First Impressions’
21 March 2006
The recent AVN The Accountants Annual conference at the East Midlands Conference Centre saw Diane Flavell of Oldbury’s Lyness Accountancy Practice presented with the coverted Employee of The Year award by motivational speaker and former Olympic Coach Frank Dick OBE.
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Accountants Recognised For People Development Again
10 November 2004
Oldbury firm Lyness Accountancy Practice have been announced as finalists in the “Best of the Black Country Awards 2004, Developing People and Skills Award.”... More...

Black Country company chosen as Investors in People Champion
23 November 2005
The Minister for Skills, Phil Hope, today announced that Lyness Group, based in Oldbury, is amongst eight UK organisations chosen to be this year’s Investors in People Champions. More...

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'You've saved us many thousands of £'s in that time with your proactive tax planning. More...

Tony Wooton,
Task Precision Limited'

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