Accountancy

Don’t reinvent the wheel

Over the years we have built up a collection of helpsheets and explanatory videos. This is because I am lazy (although I prefer to think of it as efficient) and…

Accountancy

That which we call a rose by any other name would smell as sweet. Or would it?

I HATE it when people shorten my name! This isn’t the same as mishearing or misreading it but deliberately abbreviating it. My son, by contrast, hates it when people lengthen…

Accountancy

How to buy yourself more time

Having taken over a small practice I have been able to see the time saved by good practice management software. We use Accountancy Manager but any decent practice management software…

Accountancy

Why it may be best to stay small

Small is beautiful. It’s also less hassle and much more agile. As the sole director of my business I can hold my board meetings in the shower and, if I…

Accountancy

More than one tool in your toolbox

When it comes to improving your business you need to have more than one tool in your toolbox.   Although we often start with getting the pricing right we also…

Accountancy

5 minutes a day keeps the accountant at bay

I’m starting an initiative for business owners to do their bookkeeping in FIVE MINUTES PER DAY rather than leaving it all to the end of the year. If you’re on…

Accountancy

Do you know your break even point?

Do you know how many units (and the mix of units) that you need to sell in order to cover your costs and break even? This is an important figure…

Accountancy

Why is the tax year end 5 April?

This is such an odd date and so here is the story dating back to 1582. Prior to this time the tax year started on Lady Day, 25 March. Rents…

Accountancy

Judge the judges

I’ve been busy this week judging accountancy awards.  I always love doing this as I like to learn what the best businesses are doing. But some entries are easier to…

Business

How to get the most out of your team

Personality profiling is often criticised as it is not an exact science. However, as long as you understand the limitations, it can be very helpful. We use DiSC profiling but…