Bookkeepers and accountants are the same thing, right? Wrong. This blog explains the important differences between the two. It is a common misconception that a bookkeeper and accountant are one and the same thing. It is true that they both work with businesses of all shapes and sizes to provide invaluable professional services. Their tasks…
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When working with an accountant – or if you planning to use one for your business or personal finances – what questions should you be asking? Anyone running their own business will have many aspects they need to keep in mind, one of which is the financial health of the business. From a huge multi-national…
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Small businesses can struggle to afford extra help. In this blog, we break down how much an accountant can cost for a small business. Managing your business finances is a critical part of success. Four in 10 small businesses in the UK don’t make it past the five-year mark and there are many reasons why…
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Being self-employed means complete responsibility for every aspect of your business, finances included. But do you need an accountant or not? In the first quarter of 2016, there were 4.7 million people self-employed in the UK. Although this is the most recent set of statistics relating to self-employment, there is expected to be a steady…
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Overlooked and branded as dull, accounting is critical to the ongoing success and development of any business. We take a look at why accounting is so important and the pitfalls avoided by understanding it. Accounting is the process of documenting and assessing financial activity. From these figures, an accountant and financial experts can make financial…
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Accountancy is about looking after the money of a business. All businesses, regardless of their size must keep detailed financial records of money coming in – income – and money going out – expenditure. Payroll is an important aspect of accountancy. The payroll can be defined as the list of a business or company’s employees…
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In the UK, it is a legal requirement for all businesses to keep accurate and up to date financial records. This applies to all businesses, from sole trader to global corporations. If they fail to this, it is a serious offence, resulting in fines and extreme cases, imprisonment. Therefore, it is vital for any business…
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Accountancy is a career path that many people choose. You may assume that this means you need to be a talented mathematician and spend many years at university… however, completing a degree is one route, but there are other training routes that are open to you.
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The Europe exit referendum approaches – should we leave the EU or is it better to stay?
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Regardless of the career you’re pursuing, you’ll need to learn and understand the specialist jargon used in the industry in order to do your job effectively.
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