As a plant hire business develops and grows, it is often a necessity to outsource accounting. One of the reasons for this is a lack of time and resources, and the other reason is that the financial affairs of the company will become increasingly complex. Rather than Read more
Category Archives: Accounting
What will management accounting do for my company?
Management is the use of statistical and financial information to provide managers with the information they require to make decisions for the company. Unlike financial accounting, management accounting produces reports on Read more
Five ways an accountant can help your company
As a business owner, you have many responsibilities and obligations to fulfil. You have filing and payment obligations to HMRC, and also Companies House if you have a limited company. The accounting and other financial responsibilities, plus remaining compliant with Read more
What makes a good accountant?
Once you make the decision to outsource to an accountant, you want to select the right one for your business. An accountant who is qualified is an obvious starting point, but what about the other qualities that can make a professional in this field a Read more
The perfect accountant: what to look for when outsourcing
Outsourcing finance and accounting has many benefits, including saving valuable business resources. For some small company owners, outsourcing can seem like an extra cost but, once the advantages are Read more
Why should you outsource your accountancy tasks this year?
As January gets underway, many small business owners will be looking back on 2014, considering what was a success and where improvements could have been made. Once accurate reflection has taken place, it is time to Read more
In-house vs. external: four reasons why outsourcing is better than hiring an accountant
There is no doubt that an accountant will benefit your business, dealing with your financial affairs, tax planning and providing advice that will reduce your tax bill. The main question for a Read more
How does management accounting differ from financial accounting?
With accountancy, it’s very easy to fall into the habit of bracketing all aspects of the field together, simply viewing it as a record of what’s going in and coming out of your business. This is important in Read more
CA and CMA – spotting the difference
One of the biggest accountancy mistakes made by small businesses is that they fail to understand the different job designations. A textbook example of this is with chartered accountants (CAs) and chartered management accountants (CMAs), with companies regularly Read more
How outsourced accountancy can help you withstand HMRC checks
Since HMRC launched its new Business Record Checks programme in 2012, SMEs have been given another reason to ensure their bookkeeping is resolute. It’s hardly a proposition to relish in any situation but, with sound procedures in place and Read more