Business Details
43 Years
experience
Trusted Accountants in Magherafelt
John Barfoot F.C.C.A is a family-run accountancy firm established in 1983, serving clients across the British Isles and internationally. With over 30 years of experience, we specialise in providing tailored financial solutions for individuals, partnerships, and limited companies. Our services include tax planning, accounts preparation, forensic accounting, and specialist tax assignments such as capital gains and inheritance tax. We pride ourselves on our proactive approach, staying ahead of evolving tax legislation to offer timely, expert advice.As ACCA-certified professionals and QuickBooks ProAdvisors, we combine technical expertise with a personal touch, ensuring clients receive comprehensive support aligned with their unique needs. Our commitment to continuous professional development ensures we remain at the forefront of industry developments, empowering clients to achieve long-term financial success.
Services
Tax Planning
Accounts Preparation
R&D Tax Credits
Payroll Services
VAT Returns
Company Formation
Forensic Accounting
Tax Investigations
Business Consulting
Financial Reporting
Details
- Year established: 1983
Highlights and features
- We have over 30 years of experience in accountancy and tax consultancy.
- Our family-business ethos ensures personalised client care and attention.
- We are ACCA-certified and QuickBooks ProAdvisors with specialist expertise.
- Proactive tax advice to help clients navigate evolving legislation.
- Specialist R&D tax credit claims for innovative businesses.
Associations and certifications
- ACCA
Services
Tax Planning
Our tax planning services help businesses and individuals optimise their financial strategies while ensuring compliance with UK tax laws. We specialise in small and medium enterprise tax solutions, inheritance tax mitigation, and capital gains tax planning. With proactive advice, we identify opportunities to reduce liabilities and enhance financial efficiency, tailored to each client's unique circumstances.
R&D Tax Credits
We assist businesses in claiming R&D tax credits for innovative projects, including technological advancements and process improvements. Our expertise covers eligibility assessments, qualifying cost identification, and claim preparation. By leveraging HMRC's enhanced allowances, we help companies secure additional tax relief or cash payments, supporting growth and reinvestment in innovation.
Accounts Preparation
We provide comprehensive accounts preparation services for sole traders, partnerships, and limited companies. This includes statutory financial statements, compliance with Companies House requirements, and tailored management accounts. Our approach ensures accuracy, timely submission, and clear insights to support informed business decisions, backed by our deep understanding of regulatory standards.
Business Consulting
Our business consulting services focus on helping clients achieve long-term growth through strategic financial planning. We offer start-up support, company incorporation advice, and operational efficiency analysis. With over 30 years of experience, we provide actionable insights to improve profitability, reduce stress, and create sustainable business models aligned with clients' personal and professional goals.
Payroll Services
We manage payroll processing for businesses of all sizes, ensuring compliance with PAYE, NIC, and statutory reporting requirements. Our services include salary calculations, tax deductions, and real-time information submissions. By automating processes and maintaining accuracy, we help businesses save time and avoid penalties while ensuring employees receive timely, correct payments.
People
John Barfoot
FCCA Chartered Certified Accountant
John qualified as a Chartered Certified Accountant in 1982 and established his practice in Magherafelt in 1983. With over 40 years of experience, he specialises in tax consultancy and business advisory, serving clients across diverse industries. He is a Fellow of ACCA and actively contributes to local economic development as treasurer of Magherafelt Chamber of Commerce.
Sarah Barfoot
ACCA Associate
Sarah joined the firm in 2014 and qualified as an ACCA Associate in 2017. She holds a B.Sc. in Business Management and an Advanced Diploma in Management Practice. As a Certified QuickBooks ProAdvisor, she focuses on digital accounting solutions and supports clients with tax compliance, financial reporting, and business process optimisation.
Questions
What is R&D tax relief and can my business claim it?
R&D tax relief rewards businesses developing innovative products, processes, or services. If your company tackles technological uncertainties, you may qualify for enhanced tax deductions or cash payments from HMRC.
How does your firm support business growth?
We provide tailored financial strategies, tax planning, and operational advice to help businesses increase profitability, reduce stress, and achieve long-term goals through over 30 years of industry expertise.
Are you qualified to handle complex tax investigations?
Yes, our ACCA-certified team has extensive experience in tax investigations, forensic accounting, and resolving disputes with HMRC to protect clients' interests and ensure compliance.
Do you offer services for start-up businesses?
We provide start-up support including company formation, financial planning, and tax compliance guidance to help new businesses establish strong foundations and navigate regulatory requirements.
How do you stay updated on tax legislation changes?
We prioritise continuous professional development through specialist courses and industry research to ensure our advice reflects the latest UK and Irish tax law developments.
