Most business owners are passionate about what they do and want to do the best work they can. They want to keep their customers happy, do a brilliant job and build a reputation on the back of this. In my experience, successful business owners also treat their suppliers in a similar way, they [...]
You don’t have to look very hard to see cases of Employee Fraud, such as the case of Darren Carvill who stole more than £250,000 from employer Mr Clutch in Strood, Kent https://www.kentonline.co.uk/maidstone/news/accounts-worker-blew-stolen-250-000-on-escorts-and-drugs-202559/ or Stephanie Graysmark who stole £177K from her employer Central Beach Caravan Park in Sheppy, Kent https://www.kentonline.co.uk/sheerness/news/gambling-addict-who-crippled-business-ordered-to-repay-1-207029/ These frauds are [...]
Although most business owners recognise the importance of careful financial management, few seem to want to spend their time dealing with numbers. Unfortunately, not keeping a close eye on your income and expenses can be very costly for a business. Here are five of the most common bookkeeping pitfalls, and some simple tips [...]
We are always advising clients to cut costs and save on overheads - it comes with the territory, but sometimes spending your money can wind up helping your business immensely, protecting it from slower times. It might seem counterproductive to spend money when you want to put it in the bank - and [...]
We are often asked by clients if they should buy or lease capital equipment for their businesses. The answer, as usual, is not simple and it depends upon the nature of your business, but there are nevertheless a few guidelines you can follow to help you decide what you should do. Broadly speaking, [...]
Most business owners immediately think of the bank or loans when they’re short of cash. But there are many more resources you can tap before you ask for that expensive overdraft or for an overdraft extension. You can often free up funds from within your business by re-examining your business systems, and these [...]
As reported by the BBC this weekend, the number of hoax calls from people saying they are HMRC has hit 60,000 up to January 2019. https://www.bbc.co.uk/news/uk-47422903 These calls sound convincing and can be very stressful as a client of ours found out recently. “They sounded so convincing, quoted a warrant number and said [...]
You probably haven’t ever tried to boil a frog, but if you ever do then don’t put it in boiling water - it will jump straight out! If you start with it in cold water and boil it slowly, then your frog is toast. Don’t ask how we know this, but it is [...]
I am not being dramatic when I say receiving bad or incorrect advice from The Accountant can ruin your business. Unfortunately, I have seen it happen. And no, despite the image, I am not talking about the Ben Affleck movie - I mean your accountant, your trusted advisor. Getting bad advice or crucial [...]
Everyone knows that January is hell for accountants. With all UK self-assessment tax returns due on 31st January, up and down the land accountants are struggling to get their returns out and back in again, in time for the filing deadline. A £100 fine for every late tax return certainly focuses the minds [...]
