When it comes to selecting an accountant to take care of your finances, the choice can be a little overwhelming and this can sometimes cause businesses to make the wrong decision. A good accountant should deliver on their promises. They should be able to make...
According to the Institute of Chartered Accountants in England and Wales (ICAEW), many British businesses could be missing out on huge financial gains because they have either yet to consider exporting abroad, or because the idea of doing so causes concerns. Research recently carried out by...
An ice cream tub of receipts and a handful of bank statements is every accountant's nightmare. And often a self-assessment form can be every business owner's nightmare. But it doesn't need to be that way - there are some simple strategies that you can put...
Selecting an appropriate legal structure for your business is very important, but choosing a structure ultimately depends on the type of operation you wish to run now and in the future. If you’re not a one-man-band and you’re setting up in business with a partner or...
At first glance, many freelancers might see becoming a limited company as overkill. A load of paperwork and extra stress, and for what? We often see limited companies as something for people with offices and employees, but for the right freelancer, the switch could save you...
The traditional perception of an accountant is that they work with companies and individuals to ensure tax returns are filed on time and accurately. Perhaps, if you’ve watched too many films, you may also regard accountants as people that have eternally growing piles of unordered...
The life of a small business owner is largely centred around balancing the books and ensuring the company can survive another year. To remain on a sound financial footing, seeking advice and support from professionals is essential; but what exactly should you ask an accountant during...
You've just started a new business, and you've already conquered some of the more difficult problems that come with getting established. Yet now that you're ready to begin trading, you need to consider a long term approach to your accounting and staff payroll. Maybe you've so...
As the owner of a small business, there will always be some administrative work waiting on your desk, whether it’s running the monthly payroll or dealing with the end of year accounts, and often these can be left until the last minute. Rather than trying to...
Paper Sometimes using loads of paper can’t be helped, but if you do use paper then make sure you use both sides. If you can’t then cut up any spare pieces and use them for taking notes. You can bundle some up and staple them together....