Articles

The accountancy industry grows ever more competitive with each passing year. Gone are the days when people considered a “good accountant” as someone who could submit their tax returns on time while possibly also saving them a hundred quid. These days, people want more services, they want flashing lights, they want speed. And, as a result of the gig […]

Accountants are terrible marketers. Yes, I know that might be a generalisation, but it also happens to be mostly true. In our experience, the accountancy firms we take on either have no email marketing strategy in place or they have a horrible one. Email marketing can take on many forms — cold emails, emails to subscribers, emails to clients, […]

An accountant is not a financial adviser/planner and should not be offering investment advice unless he is qualified to do so. But the tight-margin industry of accounting forces accountants to be able to provide more and more services that our clients consider valuable. One of those services is to advise our clients as to their cash flow and […]

There are 43,720 registered businesses in the UK classified under the Standard Industrial Classification (SIC) of “Accounting; bookkeeping and auditing activities; tax consultancy”. Granted, this does not mean each of the businesses is an accountancy practice, and many might only be delivering bookkeeping services. But I’ve scoured the web up and down until it sparkled […]

COVID-19 has forced nearly every business in the UK to shut its doors or to start working remotely. For those of us whose businesses are built around remote-working tools and cloud-based methods of accounting, the impact has been minimal. For those who are unfamiliar with cloud solutions, it can feel a little like being thrown into the deep […]

There are only two ways your accountancy practice can come out of the current coronavirus crisis: One: Limping along for years as you struggle to bring it back up to the level it was at before the UK Government began forcefully closing down businesses. Two: Or you could recognise urgent changes required in your business and come out […]

The pound sterling has dropped fifteen cents to the US dollar in a month, the lowest our currency has been since the 1980s. “The fall came despite chancellor Rishi Sunak yesterday unveiling a £350bn package of measures to support the UK economy,” reports City A.M. On Friday, 20 March, cafes and restaurants were told to close and not […]

As HMRC crackdowns on Limited Company taxes grows more intense, and as laws to prevent fraud promulgate and increase, an accountancy firm is evermore pressed to look for outsourced accounting services. It’s a contentious subject. If there is one thing we accountants pride ourselves on, it is the professionalism and integrity of our work. We are […]