Torbay Accounting & Consultancy

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Torbay Accounting & Consultancy

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An independent local accountant who specialises in small business. From financial compliance, to strategies for business growth, we can help!

Book your complimentary initial consultation! Getting swamped by paperwork? Paying too much tax? Want to increase your profit? Need to develop your existing business? Have you gone it alone so far, and now want a bit more support? New to business, about to start out on your own venture, and don't know where to begin? Want to change your accountant or need some fresh finance advice? Whatever your reason for contacting us, whether you need your year-end accounts and tax returns prepared, or want advice and support for setting up or developing your business, we are here to help. We want to reduce your administrative burden, and give you the right support, so you can focus on your core business activities. We want to help you generate more profit and make sure you are not paying too much tax. We provide a flexible, personal service, tailored to suit your individual requirements, and we do this with a competitive pricing structure. We cover most of South Devon, including Torquay, Paignton, Brixham, Totnes, Newton Abbot and all the surrounding villages. We would love to hear from you, so why not give us a call to find out more about the accounting, tax, finance and business services we can offer? We can arrange a no obligation complimentary consultation to discuss your requirements in detail and determine what we can do to help. Why not contact us today?

19/10/2026

We are delighted to share that our very own 𝗝𝗮𝗺𝗲𝘀 𝗧𝗵𝗼𝗺𝗽𝘀𝗼𝗻 has been selected as a finalist for the 𝗨𝗻𝘀𝘂𝗻𝗴 𝗛𝗲𝗿𝗼 𝗔𝘄𝗮𝗿𝗱 at the Devon Women in Business Awards 2026! 🎉

James has played a huge part in helping Torbay Accounting & Consultancy go from strength to strength, with his unwavering passion, dedication and support for both our team and our clients.

From improving our systems and workflows to being someone the whole team can rely on, James has been an integral part of our growth and success.

So much of what he does happens behind the scenes, which makes it even more special to see his hard work and contribution being recognised.

We could not be prouder of him!

Congratulations, James, from all of us at Torbay Accounting & Consultancy! 👏

03/08/2026

Working smarter starts with removing repetitive tasks.

When you free yourself from the day-to-day, you create space to step back and focus on the bigger picture: Strategy, growth, and the decisions that move your business forward.

Because your role as an owner isn’t just to run the business, it’s to lead it.

Ready to step out of the day-to-day and focus on growth?
Let’s chat and find smarter ways of working.

24/07/2026

High street retail has had a rough few years. So when this client came to us, growth wasn't the expectation, surviving was.

Through our Business Improvement service we worked with them monthly: diagnosing what was actually driving performance, identifying where profit was leaking, and focusing on the levers most likely to move the needle first.

We didn't add complexity.
We started with the actions most likely to build early momentum.
Price increases backed by data, a rationalised product offering, and a clearer picture of which customers were actually worth serving.

Before any changes were made, we pressure-tested decisions using their real numbers, so nothing was a leap of faith.

The results:
Average spend per customer went up, turnover grew by 22%, and both gross and net profit improved at the same time.

Growth doesn't always mean more hours. Sometimes it means understanding which levers to pull, and pulling them in the right order.

21/07/2026

“It’s quicker if I just do it myself.”

It might feel true in the moment, but over time, it slows your business down.

When everything sits with you, progress stalls, pressure builds, and growth becomes harder to achieve.

The real win comes from building systems, delegating effectively, and freeing yourself to focus on higher-value work.

05/06/2026

𝗛𝗼𝘄 𝗰𝗮𝗻 𝗮 𝗽𝗿𝗼𝗮𝗰𝘁𝗶𝘃𝗲 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁 𝗵𝗲𝗹𝗽 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝘀𝗺𝗮𝗹𝗹 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗳𝗶𝗻𝗮𝗻𝗰𝗲𝘀?

A compliance accountant will typically:

- Prepare and submit your accounts
- File tax returns
- Process payroll
- Submit VAT returns
- Keep you compliant with HMRC

All important things.

But by the time most of that work is done, the year has already happened.

A proactive accountant looks at what is happening now, not just what happened last year.

For example, they might help you:

- Improve cash flow before it becomes a problem
- Identify where profit is leaking from the business
- Review pricing and margins
- Forecast future cash requirements
- Understand which services, products or customers are most profitable
- Reduce tax liabilities through planning rather than last-minute action
- Create management information that actually helps you make decisions
- Build systems and processes that improve efficiency
- Set meaningful targets and measure progress against them
- Spot opportunities for growth before they’re obvious

At Torbay Accounting, this is exactly why we’ve introduced services such as our Business Financial Health Check, Fractional CFO support, Business Improvement Partner programme and Outsourced Accounts Department.

Because most business owners don’t just need someone to tell them what happened.

They need someone to help them decide what to do next.

What do you expect from your accountant: compliance, advice, or both?

15/05/2026

When margins start to shrink, cutting costs feels like the logical response.
Sometimes it is.

But more often the better answer is understanding the mix - doing more of what returns well and less of what doesn't.

You can't make that call without knowing your margin properly.
If your accountant has never shown you your margin at service or project level, that's worth a conversation.

I go into more depth on this in a 30-minute Business Financial Health Check.
https://enquire.torbayaccounting.co.uk/businesshealthcheck

13/05/2026

The difference is usually margin - and specifically, understanding it at the right level.

Gross margin by service or project tells you where to focus, what to price differently, and what looks commercially attractive on the surface but isn't actually worth doing.

Without it, most pricing and growth decisions are based on gut feeling rather than evidence.
It's one of the first things I look at in a Business Financial Health Check, because it changes the conversation almost every time.
https://enquire.torbayaccounting.co.uk/businesshealthcheck

11/05/2026

Turnover is easy to track. Margin is where the real picture is.

I ask almost every business owner I meet the same question: do you know your margin at service or project level - not just across the whole business?

Most of the time, the answer is no.

And that matters, because it's the only way to know which parts of your business are genuinely driving profit and which are quietly costing you more than they're worth.

08/05/2026

The warning signs are almost always there in the numbers. Late payments stacking up, the tax reserve being raided, a big outgoing landing in the same month as a slow one.

What changes when you look at your cash flow properly isn't the problem - it's how early you see it coming, and what you can still do about it.

If this is something you've never had a proper look at, it's one of the six areas I cover in a 30-minute Business Financial Health Check.
https://enquire.torbayaccounting.co.uk/businesshealthcheck

06/05/2026

A 12-month cash flow forecast built from your real numbers changes how you make decisions.
Not in theory - in practice.

It tells you whether you can afford to hire, whether a quiet month is manageable, and whether the tax bill coming in January is going to be a problem or just an inconvenience.

Most business owners I work with have never had this built properly.
When they do, decisions get a lot clearer.

Address

Withycombe Lodge, 123 Torquay Road
Paignton
TQ32SG

Telephone

+441803326126

Website

http://www.torbayaccounting.co.uk/index.html

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