Many accountants, myself included, offer an insurance-backed ‘HMRC Enquiry Fee Protection Service’ but many people do not understand what it is and whether they actually need it.
Archive for the ‘Business Advice’ Category
Budget 2010: The aftermath
I guess everyone who predicted the increase in the VAT rate to 20% can give themselves a nice pat on the back and look forward to the rush of marketing campaigns at the end of the year when everyone tries to boost their sales pre-change. I am sure we will also see a myriad of companies after January 4th 2011 (the date of the increase) telling us that they will pay the extra VAT for us. Which is all well and good but does make me think they were perhaps overcharging prior to that.
Are you getting paid on time?
Recent research by credit reference agency Experian has shown that from January to March 2010 businesses paid their bills an average of 20.9 days late, compared to 23.6 days late in the first quarter of 2009. Is this really such positive news?
Top Tips to Consider When Starting a Business
Whilst there are many common issues to consider for new businesses, every business start up situation is different and expert advice at the beginning will pay for itself many times over. Assistance with business plans for funding, setting up your bookkeeping system and tax planning at the beginning are all key areas that we regularly get involved with.
Some accountants are more equal than others
Finding a good accountant is an unenviable task for many a new business. Most people do not know where to start the search, let alone know how to choose between one accountant and the next.
The basic accounting functions may be the same but every business owner’s needs and expectations are slightly different. You therefore need to ask yourself what are the most important things you want from your accountant and then find one that fits the bill.
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