With AI taking over the duller bits of our jobs, what skills does a modern accountant need? Communication – reading between the lines as to what clients (and HMRC) actually…
£15,000 of bookkeeping errors! £3k of tax errors!
That’s what happened when a small business client set themselves up on software and let the AI and their own inexperience guide them. Usually we set up the software and…
How I won my first clients and what I’d do differently today
Looking back on when I first set up my first business I didn’t have a clue about marketing. I’d read all the books (okay, maybe not ALL of them) and…
The 7 Biggest Mistakes New Practice Owners Make
Most of the mistakes come down to a lack of confidence and uncertainty. Undercharging – you don’t know how much to charge and aren’t confident of your value Taking any client with a pulse – you’re desperate to…
MTD. Achievement unlocked
After years of preparation we have finally completed our first live MTD submissions. We’ve also helped several clients to do their bookkeeping and MTD for the first time. As accountants this is the sort…
Xerocon benefits
I’ve just spent this week at Xerocon London. So what was the benefit of 3 days out of my business? listened to all sorts of interesting talks from the best accountants that will help me to improve my…
How to prepare your business for sale
I don’t know about you but I hope to retire some day. I’m not in a hurry as I love what I do but I thought I’d share some of…
The 3 Stages of Scaling an Accountancy or Service Business
Stage 1: Owneroperator. On starting up it’s just you and you may choose to bootstrap and spend your time instead of your cash so that you end up working long…
Companies House carnage
What a week it’s been with confidentiality issues at Companies House following on from weeks of confirmation statement failures back in November and problems with accepting personal ID numbers for directors. We try to stay…
How to prepare for a stress-free year end
The best time to prepare for a stress-free year end is nearly a year ago. Trite but true. But we are where we are so what can you do now? Make sure…