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Why is it important to have an accountant?

There is no legal requirement for most businesses to have an accountant. The exceptions are those that are required by law to have what is known as an audit.  The requirement for an audit is for businesses with a turnover in excess of £15m or assets of £7.5m

Most businesses benefit from the advice, experience and wisdom of having an accountant to look after their financial affairs.  Not least if it is simply to ensure they operate legally and to help minimise any tax liabilities they may have.

Read moreWhy you need a good accountant

There is no legal requirement for most businesses to have an accountant. The exceptions are those that are required by law to have what is known as an audit.  The requirement for an audit is for businesses with a turnover in excess of £15m  or assets of £7.5m.

Read moreHow can your accountant add value ?

If your business turnover is not over the current registration threshold of £90,000, you may be thinking, “well I don’t HAVE to, so I won’t”. However there are many reasons why voluntary registration may be something to consider.

Some people perceive VAT registered businesses to be larger and more established than those that are not registered. Whether this is true or not, this can lead to businesses only agreeing to work with other VAT registered business, meaning that you may miss out on some valuable work.

Read moreTo register or not to register VAT is the question!

Ok, so you have made one of the biggest decisions of your life and have decided to start your own business. The process can be lonely and challenging, but if you get it right from the outset your business will have a much better chance of success and longevity.

So, what are our top 10 tips to get your business on the road to success?

Read moreSo you took the plunge – 10 tips for Business Start-ups

As a business owner you will generally need to appoint an accountant to prepare your annual accounts and necessary tax returns. But how can you keep the accountancy costs down to a minimum?

Read moreReduce your accountancy fees