At least once a year every business owner should review the cost of running their business - the overheads. Whilst you might spend time finding the best and most cost effective supplier for the goods that you sell or for the materials that are used to provide your service, do you consider the other costs that your business incurs? Costs such as insurance, telephone & broadband, stationery, subscriptions and marketing. Are you aware of these overhead costs or do you just accept they are what they are? …
I have written a few blogs over the years about the differences between an accountant and a bookkeeper and why I recommend that you use both a bookkeeper and an accountant for your business. That may be yourself as the bookkeeper, an employed bookkeeper or a bookkeeper external to your business - whatever works best for your business. During the last 12 months …
A large number of our clients are using Xero to maintain their accounts records and as a Xero Silver Champion partner we are well placed to help them get started and use it to its best advantage for their business. So if you are already using Xero or are thinking about using it what are our top five tips for getting started. …
Not all bookkeepers and accountants are good at their job. Each has a different sets of skills. Bookkeepers do the day to day record keeping for your business, whilst accountants are better qualified to look at the overall picture of the business and advise on tax savings and planning. …
Now's the time to get your tax return for 2017-18 out the way. The tax year finished on 5th April and tax returns will now be available to complete online. The deadline for submission is 31 January 2019 but why wait for the deadline? Here are some of the advantages of getting it done in good time: …