When I set up my first accountancy business one of my old school friends, now living in USA, told me that a visit to her accountant felt like a visit…
The Club Tropicana business model
Apologies, I’ve forgotten where I first heard this description, but according to Wham, at Club Tropicana drinks are free! And many businesses appear to be adopting the same model. We…
Why we love Xero
At Minerva Accounts most of our clients are on Xero. I chose this back in 2012 after an abortive attempt to move to the cloud with another software provider. Back…
The importance of delegation
Some people find it easier to delegate than others. I’m one of the former, perhaps because I find it easier to find people who are better than me? 😉 But…
Cyber security tips for small businesses
When we do a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis for our business cyber security is pretty high up our list of risks. As accountants we hold a lot of…
Does 2% feel like nothing?
It’s a pretty small increase but increasing your prices by 2% will increase you turnover, your profits, and your cash. Reducing your costs by 2% will increase your profits and…
Limitations of AI
At risk of sounding like a luddite: AI is not the answer to everything. AI has the potential for so much good but people really don’t understand the limitations. The…
Why bookkeeping software will help with MTD
MTD (Making Tax Digital) will require businesses to keep digital records and to make quarterly submissions to HMRC. Clearly using bookkeeping software will help businesses to comply with these requirements…
Improvements at HMRC?
There is a new facility for tax agents to escalate unresolved PAYE and self assessment queries after 4 weeks. You need to have exhausted the usual channels such as the…
Tax return season is approaching
At Minerva Accountants we aim to get everything completed in plenty of time so that the team aren’t missing out on Christmas with their families or working overtime in January.…