Every business of every size in the UK has financial reporting obligations it has to meet. Good bookkeeping plays a vital role in helping businesses compile accurate reports to meet these obligations, but it can also directly benefit a business’s bottom line. Here’s how. Claim the right tax deductions Good bookkeeping can step in to […]Read More
At The Accounts Centre we’ve helped a wide range of small businesses create business plans that have focussed their efforts, kept them on track and fuelled their company’s growth. But what exactly goes into a business plan, and does every business need one? A business plan can play an important role in helping business owners […]Read More
A common question we get asked a lot is whether there is any difference between accounting and bookkeeping, and the short answer is: Yes! As for the long answer… What is bookkeeping? Bookkeeping is the regular, day-to-day process of understanding a business’s financial transactions. This helps business owners understand their day-to-day business operations, identify past-due […]Read More
I was chatting with a one of my employees the other day, and they mentioned that at a recent presentation by Lloyds Bank, they had said only 1 out of 12 business owners talk to their accountants – that’s just 8%! Perhaps the reason for this could be they are concerned their accountants will charge […]Read More
British business owners are most concerned about the threat of the UK leaving the EU and the financial impact of auto-enrolment pension schemes for staff members, according to a new survey by insolvency adviser trade body, R3. Almost a quarter (23%) of the 500 UK business owners surveyed said they were worried about the financial […]Read More
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