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This Makes My Blood Boil!

If you're accountant prepares your accounts only for Companies House and HMRC you are missing out on vital information for your business. Quite frankly it annoys the hell out of me
We're preparing accounts for a new client who's been in business for a couple of years as a limited company. When we got her previous year’s information from her last accountant, …

Who Stole My Year?

Where has this year gone. Only 2 months left of this year? How's it been for you and what are you doing differently next year?
It's nearly November, so only 2 months left of the calendar year. I've had a great year overall, but like anyone it's had its ups and downs. A really good team member left and we'…

It's shocking!

Do you think you should just 'know' how to run your business? We have to learn how to walk, learn how to drive, learn how to read. Why is it any different in business?
When I first started my own business as an accountant I was shocked in the first couple of years by the number of business owners that didn’t make any money. I got to see their fi…

Why am I hooked?

I’m not an avid sports fan so why am I suddenly addicted to the Olympics? There are certain sports I like (actually just the one – cycling), but I’ve found myself watching tennis,…

Are Business Plans a Waste of Time?

Did you complete a business plan at the very start of your business? When did you last look at it? I've got something much simpler.
When did you last get your business plan out of its hiding place? Most of us do a business plan at the start of our business, usually because it’s required for funding or when we …

How Long Have You Been In Business?

What's the cause of business failure? Statistics show 58% of businesses fail within 5 years.
If it’s longer than five years then bloody well done! According to official government statistics 40% of businesses in Scotland fail within 2 years. Within 5 years this has gone u…