Tag: <span>Accountants</span>

Accounting Terminology Basics

Though, of course, as a business owner you will need to relay upon the skills of a qualified accountant to help with the financial management and reporting of your business, it is important that you develop a keen grasp of some of the concepts and principles involved in managing the finances of your business. Here…




ACCA announces that new tax policies announced at G7 meeting face significant challenges

Acca has reported that new tax policies announced in the recent G7 communiqué will face hurdles as the proposals are yet to be agreed by the G20 and other jurisdictions, asserting that the three foundations for a sound tax system are simplicity, certainty and stability. Achieving minimum tax level of 15% across multiple country jurisdictions…




Guide to completing your tax return

Perhaps the easiest and most pain free way to fill in your tax return is to get your accountant to do it, though of course there will be an element of hard cost attached to this. However, if you want to go down the do-it-yourself route there are some simple steps to follow: Register for…




What are the risks of Money Laundering?

According to a report from Accountancy Age the risk of Money Laundering has significantly increased recently. Money laundering strategies are constantly evolving, with The National Risk Assessment (NRA) of Money Laundering and Terrorist Financing warning that the risk that accountancy service providers could be used to facilitate money laundering is considered high. The Institute of Financial Accountants (IFA) is…




Five Top Tips on what to look for as a small business when choosing an accountant

As a small business owner choosing the right accountant is one of the most important decisions you can make, and what works for one business may not be appropriate for another. This quick guide is designed to provide you with some of the most critical points to consider. Research and make your choice early Ideally…




Money laundering: do you fully understand the risks?

Essential due diligence  Accountants play an essential role in preventing money laundering by understanding risks, meeting regulatory obligations and encouraging compliance and good practices to mitigate these risks. Reviewing firm-wide risk assessments of money laundering threats on a regular basis is imperative for accountancy firms to make sure they have identified all the areas relevant…




Quick company ‘fit for new business’ health

As we near the end of the COVD restrictions, more and more businesses are getting ‘fit’ for a re-start. The following thoughts and questions may quickly lead you to raise some relevant actions and perhaps get you focussed on getting back into some level of new business planning. New Client Acquisition How ready are you…




How to move offline accounting online

For many small businesses today, who either are online or are planning to do so in the future, it is critical to provide their customers with the easiest and most comfortable way to pay for products or services. This means it’s highly likely many of your business clients are using different services to accept and…




Brexit Sanctions for Accountancy Firms

What you need to know about Post-Brexit Sanctions As 2021 marks the UK’s official divorce from the EU, new sanctions have been announced that will require full compliance from all agents and accountants with the sanctions regime and licensing exemptions affecting many businesses across different jurisdictions. The UK uses sanctions to fulfil a range of…




Do KPIs guarantee success?

Matching the right KPIs to your business strategy; keep it relevant!  If you have a good grip on what makes your business tick then it’s useful to be able to ‘glance’ at the business and its performance against plan by way of a brief set of business measures; Key performance Indicators (KPIs). KPIs typically track…