Insights

The Budget 2024: How it might impact your financial planning

The Budget 2024: How it might impact your financial planning

The recent budget has introduced several changes that could have significant implications for small businesses and individual finances in the UK. For many business owners, these new measures may feel like a daunting challenge or even a financial setback. From...

Cloud accounting

Cloud accounting

STAT OF THE ARTICLE  According to the Small Business Report, 60% of small business owners feel that they might not have enough knowledge about finance and accounting. MY HISTORY WITH CLOUD ACCOUNTING A few years ago I attended a conference in the States organised...

Location, location, location

Location, location, location

In this article we will explore the relevance of location when picking and accountant, bookkeeper or business adviser. Firstly, exploring the good old days and how advisers were chosen and the impact of technological advancements. Then, unsurprisingly, we will look at...

13 things bookkeepers do for small businesses

13 things bookkeepers do for small businesses

Bookkeepers are the unsung heroes of the financial world, and without excellent bookkeeping good accounts are impossible. Consequently, running a business is a far greater challenge. Additionally, a bookkeeper has several direct impacts on a business not simply...

What is the importance of management accounting?

What is the importance of management accounting?

INTRODUCTION Management accounts provide unique insights into your business on a regular basis with accompanying actionable advice and analysis. This understanding can make strategic decision making both easier and more effective. In this blog we will go through the...

What should a small business owner know about bookkeeping?

What should a small business owner know about bookkeeping?

As a small business owner, it can be tempting to ignore the bookkeeping and accounts in favour of more exciting aspects of the business. Unless of course you are and accountancy firm.  While most tasks thankfully for you can be completed by other parties with...

What expenses can you claim when working from home?

What expenses can you claim when working from home?

Many businesses have pivoted to full remote working in the wake of Covid as it has proved to be as effective in many cases, at least in the short term. As we go through lockdown number 3 and many of us are back to working from home after a short period of being back...

Top five KPI’s that all SME’s should track

Top five KPI’s that all SME’s should track

DISCOVER IF YOU ARE TRACKING THE MOST VALUABLE KPI’S AND IF NOT, LEARN WHAT THEY ARE AND HOW YOU TACK THEM.  While profit is a good indicator of success there are many more components to a successful business. Identifying these can be challenging but here is a...

Government updates: Furlough, Seiss, Vat Deferral and more

Government updates: Furlough, Seiss, Vat Deferral and more

The Government have a number of schemes that you could potentially take advantage of or are subject to change in the not to distant future. Below is a quick summary of the schemes including Furlough, Self-employed grants (SEISS), Lower VAT rates, Recovery Loan Scheme,...

Do I need an accountant for my small business

Do I need an accountant for my small business

It is easy to think as a small business that you can “put off” hiring an accountant and to be honest you can. This does mean that you could lack support in a variety of areas and hinder your growth. So while yes short term expenditure would be saved it is at the cost...

Set your business a realistic goal – then smash it