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GuidesBlogAboutContact Start the checkHome / Who we help / Accountants for franchise owners
Accountants for franchise owners in South Wales, on a fixed fee
Accountants for franchise owners usually get the call in the week when the franchisor’s monthly report, the VAT return and the payroll run all land together.
You run someone else’s brand to someone else’s timetable, and the paperwork behind the till does not wait. We agree the fee before we start, reply the same working day, and never put a call on the invoice. Tax investigation cover is included free for every client.
In one lineSupreme Consultants is an AAT licensed accountancy practice in Cardiff Bay that acts for franchise owners across South Wales. It handles bookkeeping, VAT, payroll, year-end accounts, corporation tax and franchisor reporting on a fixed fee agreed before work starts, with tax investigation cover included for every client.
Check we’re the right fit
A few questions about your business. Mudassir replies the same working day.
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
5.0 on Google from 14 reviewsReply the same working dayFee fixed before we startEnglish, Urdu, Hindi and Farsi spokenIs your franchise in good hands? Three questions.
Answer with a button and we will show you where you stand.
Question 1 of 3
Does your accountant reply the same working day?
Do you know today what your fee will be for the whole year?
If HMRC wrote tomorrow, would they deal with it at no extra cost?
Three noes means you are carrying the deadlines and the HMRC risk yourself. Run the check and we will tell you what we would do first.
Start the checkYou are in a reasonable position and most of the filing is clearly getting done. There is one gap here worth half an hour on the phone.
Start the checkThree yeses means you are well served and you should stay where you are. Read the guides if you want a second view on franchise reporting.
Read the guidesWhat you get
Tax investigation cover at no extra cost
Every client is covered, and we pay for it ourselves. Every HMRC investigation we have handled, we have won.
Numbers that match the franchisor’s statement
Your till takings, your royalty figure and your VAT return are reconciled to each other every month.
A fee you know before we start
One fixed monthly figure agreed in writing. Ring us when a statement does not add up and it costs nothing.
What franchise owners tell us when they first call
These are the three things we hear most often in the first ten minutes.
“Head office sends me a monthly report and I have no idea if the royalty figure is right.”
He had been paying on a number nobody had checked against the till for two years.
“A VAT letter came in August and my accountant got back to me the following week.”
By then the deadline to respond had moved from comfortable to tight.
“I opened a second site and I still only see one set of figures, nine months late.”
He could not tell which shop was carrying the other until the year-end accounts arrived.
What changes once we take it on
Your bookkeeping is done monthly, so the VAT return and the franchisor report come off the same reconciled numbers. Deadlines for VAT, payroll, accounts and corporation tax are diarised for the year ahead. You ring us with the small questions and there is no invoice for it.
How this compares with the arrangement most franchise owners already have
Plenty of firms file accurately. The difference shows up between the filings.
A typical once-a-year arrangement
The filing gets done and the statutory deadlines are met.
You see your figures months after the trading year has closed.
Calls and emails appear on the next invoice, so questions get saved up.
Tax investigation cover is sold to you as a yearly add-on.
With Supreme Consultants
The filing gets done and the deadlines are diarised a year ahead.
Monthly figures per site, so you can decide before the lease is signed.
A fixed fee agreed before we start, with calls and meetings never charged.
Tax investigation cover included free for every client, paid for by us.
Eight things to check about your franchise set-up
Any no here is worth raising with whoever does your books.
Do your till takings reconcile to the franchisor’s monthly statement?
If they drift, your royalty payment and your VAT return rest on a figure nobody has checked.
Is the initial franchise fee treated correctly in your accounts?
Getting it wrong moves tax into the wrong year and the error compounds.
Do you see the margin on each site separately?
One combined set of figures hides the shop that is losing money.
Have you applied for every rates relief your premises qualify for?
In Wales some reliefs need an application and will never arrive on their own.
Is payroll filed on time every month, including weekend staff?
Late Real Time Information filings collect penalties quietly in the background.
Do you get figures during the year rather than after it?
Accounts nine months late cannot help you decide on a second site.
Is your VAT return built from the bookkeeping or from the bank?
Bank-only VAT misses stock, card fees and anything paid in cash.
Would you ring your accountant about a ten-minute question?
If the answer is no because of the invoice, you are sitting on problems.
What we do for your franchise
The whole compliance package in one place, on one fixed monthly fee.
All Who we help- Bookkeeping and VAT
- Monthly bookkeeping reconciled to your tills and card machines, with VAT returns filed on time.
- Payroll and auto-enrolment
- Weekly or monthly payroll for shop staff, pensions included, so your people are paid and HMRC stays happy.
- Year-end accounts and corporation tax
- Filed together, with the reliefs you are entitled to claimed rather than left on the table.
- Management accounts per site
- Regular figures you can act on, broken down by shop so you know which one is paying its way.
- HMRC letters and checks
- We deal with the correspondence from the moment it lands, at no extra cost to you.
What changed for two franchise clients after we looked at their numbers
One ran a convenience franchise in Cardiff and had been paying full business rates all the way through Covid. The other started with a single shop and wanted to know whether a second one would stand up.
Clients described by type. Names withheld.
- How it was found
- Cardiff Council required an application for the relief and nobody had told him, so we spotted it in the first meeting.
- What happened
- He recovered £10,000 and has paid the correct rates since.
- How it was found
- Monthly management accounts showed which site covered its own costs and which one was being carried.
- What happened
- Each new opening was decided on figures, with payroll and VAT set up before the doors opened.
Reviews from clients
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
I just want to say a big thank you to Mudassir for all the advice, guidance and help he has provided whilst dealing with my accounts and tax returns. From start to finish the service has been excellent and professional. Unlike other accountancy firms they provide a friendly personalised service, I was very clear on the process and was even provided with additional guidance where needed. Highly recommended!
Friendly, nice 👌 , helpful and great all around
Difficult to describe as there are too many words that can be expressed for a wonderful accountant and their firm.
Definitely 🔝 and highly recommended in Wales 🏴 and throughout the UK for Accountancy and Tax Services
Shaz Khan
How switching to us works
Most of it happens without you doing anything beyond saying yes.
- Before you join
A free introductory chat
Tell us where things stand with the franchise and the records. If we are not the right fit we will say so.
- Week one
Fee agreed and handover started
We complete your ID checks, agree the fixed fee in writing, and write to your current accountant for your records. You avoid that conversation.
- First month
A full review of your position
We go through past accounts, returns and HMRC records. This is where missed reliefs, payments on account set too high and appealable penalties turn up.
- By ninety days
A plan for paying yourself
We talk through salary and dividends so you keep as much as possible while staying compliant, and we tidy the bookkeeping setup.
Who we are not right for
We do not act for CIS construction subcontractors.
We do not take on charities.
We do not take on businesses that are already late in an HMRC investigation.
If none of those apply to you, the three questions above will tell you whether a conversation is worth having.
Accountants for franchise owners: questions people ask
What do accountants for franchise owners charge?
You pay one fixed monthly fee, agreed in writing before any work starts. It depends on turnover, VAT registration, transaction volume, payroll headcount and how tidy the records are, so we quote after the introductory chat rather than guess. Calls, meetings and emails are never billed. We work on an ongoing basis rather than one-off returns.
How do I switch to you from my current accountant?
You say yes and we do the rest. We send the professional clearance letter so your current accountant hands over records directly, get appointed as your agent with HMRC and Companies House, and handle Companies House ID verification at no charge where it is needed. The handover, the first month and Xero migration are free.
What happens if HMRC writes to me about my franchise?
Send us the letter and we take it from there. Tax investigation cover is included free for every client, paid for by us rather than sold as an add-on, so dealing with HMRC does not produce an extra bill. Every HMRC investigation we have handled, we have won.
Do I have to change my bookkeeping software?
No. If your current system works and the figures reconcile, we carry on with it. If you want to move to Xero we migrate you free as part of switching. What matters is that the takings, the stock purchases and the card settlements all reach the books each month.
Do you work with franchise owners outside Cardiff?
Yes. We are based at Titan House in Cardiff Bay and act for clients across Newport, Swansea, Caerphilly, Port Talbot, Barry and Bristol, plus others further afield. Over 90% of our clients are in South Wales. We work remotely, in person at the office, or a mix of the two.
Can you produce the reporting my franchisor asks for?
Yes. We reconcile your till and card takings monthly so the sales figure you report to head office matches the figure in your VAT return and your accounts. Where the franchise agreement sets a reporting date, we work to it and tell you in advance what we need from you.
Three ways to take the next step
Run the check on your franchise
It takes a couple of minutes, and we come back the same working day with what we would look at first.
Start the checkGot a question about your franchisor reporting?
Ask Mudassir directly and the call costs nothing, whether you join us or not.
Ask Mudassir a questionStill deciding
The guides cover rates relief in Wales, VAT on retail takings and what to check before a second site.
Read the guides