Frequently Asked Questions for Management Accountants

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Of course! We're next to the Lido Park in Droitwich Spa. Let us know with a quick call first, so our team knows you're coming. If you are based within the Midlands, then we can also work at your premises. We occupy offices on the 2nd floor at OCM House, St Peter’s Road, Droitwich giving us views overlooking the Droitwich Lido Park. If you come into the office for a meeting, our kettle will always be on as we have a new private meeting room. Although, we have spacious offices, we are also keen to promote the work-life balance of our staff. With team members from Redditch, Kidderminster, Malvern, Bromsgrove, Worcester and Birmingham, we aim to reduce their weekly commuting time, by offering a day per week working from home.

JRMA is based in Droitwich, Worcestershire, and we are predominantly a local firm serving Droitwich, Bromsgrove, Redditch, Worcester and Kidderminster. However, we also have a variety of customers from across the UK. Utilising online software platforms, and video conferencing, we are able to provide a good service to those customers further afield.

Not all businesses need to. All businesses with a turnover above the VAT threshold need to register for VAT with HMRC and submit VAT returns on a regular basis (normally quarterly). As of November 2025, the VAT threshold is £90,000. This is the same for sole traders, partnerships and limited companies.

For more information, see our blog on what happens if you go over your VAT threshold.

For starters, you need to register with HMRC for a PAYE scheme. Your new employee also needs to complete a Starter Checklist and give you their P45 from their last employer, if applicable. It is then easier to use software to calculate the PAYE and NIC deductions, and to submit this information to HMRC. This can be done one of two ways, either by using an online commercial software package such as Sage, Xero or QuickBooks, or by using HMRC’s free software.

Then finally, don’t forget to provide your new employee with a contract of employment, and to organise a pension scheme to comply with auto-enrolment requirements.

Payroll is an interesting, yet complex topic, and it is vital that you get it right. Having someone qualified and experienced takes the stress away, so that you have more time to work on other areas of the business. The greatest thing about working with JRMA, is that we're local to Droitwich, and happy to help with any questions you may have.

At JRMA, our fees vary according to multiple factors, such as time taken, what services you require and complexity of the work. To give a guide, below are some examples of typical fees:

Payroll (monthly from £65)
Bookkeeping (monthly from £100)
VAT Returns (monthly from £125)
Management Accounts (monthly from £900)

For more information you can book a free consultation with us to get a quote tailored to your business needs.
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Almost every business has room for a cashflow forecast. The main cause of business failure is running out of cash. An accurate and up to date cashflow forecast is the best way to ensure that the business has visibility of the peaks and troughs of the bank balance ahead. This information will give you some time to take corrective action if the troughs are too low. The cashflow is such an important document that your bank will almost always ask to see your forecast when you apply for any lending.

For a more detailed understanding, please read our blog on the importance of cashflow here.

Since JRMA consists of a small and strong team, we all know each other's dynamics in a team project. As part of our new years resolutions, we've been improving the communication to increase our efficiency. There isn't just meetings between customers, we have meetings for business growth, marketing and weekly catch up so everyone is in the loop.

In terms of work culture, the team goes to a Christmas party every year just before businesses break off. On the occasion, there's charity events or internal milestone celebrations that involve cakes and sitting around a table to chat about things other than numbers.

Our team travels to the office almost every day, from Malvern, Redditch, Birmingham, Droitwich, and Kidderminster. We even have days where our team works from home, suiting to both part-time and full-time staff.

We believe the team brings a more enthusiastic approach to businesses within the finance industry, and we'd be delighted for individuals who fit our core values to reach out to us with their CV/resume. Have a look at our careers page for more information.