bookkeeping and cashflow

Choosing and Using an Accountant for Your Small Business

Choosing and Using an Accountant for Your Small Business

When running a business for the first time, it can be tempting to think you can go it alone – as an enthusiastic advocate of lean techniques, you may have taken the view that an accountant represents an unnecessary expense. But the opposite is almost always the case; a small outlay on an accountant can save your business untold costs in the long run. In this article, you will find an introduction to accountants from the point of view of a small business. We cover what services they can provide, where to find one, and how to save on accountancy fees. What services can an accountant offer my small business? Accountancy is a broad term, and different accountants will offer different kinds of service. There are a number of such services. Helping you file annual accounts. Whether you are a sole... »

Small Businesses Missing Out on Business Rate Exemptions

Small Businesses Missing Out on Business Rate Exemptions

Only 55% of small companies are aware of small business rate relief, the latest Owner Managed Business (OMB) Barometer from Bank of Cyprus UK has reported – meaning nearly half of all small firms are missing out on tapered relief of up to 100%. The small business rate relief policy means that until the end of March 2016, small firms with non-domestic properties that are valued between £6,000 and £12,000 are eligible for reduced business rates, and businesses with properties that have a rateable value under £6,000 are completely exempt. The policy was introduced by the government in order to double rate relief for the small business community – a measure that over a third of the barometer’s respondents called for – yet 45% of company owners stated in the OMB’s survey that they had never hea... »