Sarah Travell FCMA

🥱 Finding your bookkeeping a chore? Even if you do, in order to be compliant with HMRC regulations it is vital. ✅ This task is more complex than it appears, especially when done correctly. Having this done by a professional can save on unnecessary expenditure and ensure you have the best data available and turns bookkeeping into a tool for tracking. 🚀 This means that all your efforts can be focused on the many other roles you have to fulfil and ensure you have time to spend with those important to you. Do you need help with your bookkeeping and tracking where your money is going? ------------------------------------- I’m Sharon Hirsch, and I primarily post about how you can grow your business, and make it work for you and your family, by having a proactive approach to your accounting and finance. 🔍 My team and I mainly work with creatives and trades businesses, and we can get started for less than a few hundred pounds. To see more of my posts, visit my profile now and press the 🔔 #accounting #creative #trades #smallbusiness

2

What are acquirers in the Accountancy profession looking for in a firm? ✅ Synergies for cost savings in the group setting, an easy target being the core software package. Not having to train all your new staff will save a small fortune in training costs and lost fee income. ✅ Traditional practices billing on a time basis, are still attractive, assuming their clients are happy with the following changes. The addition of modern time saving technology such as; Go Proposal or Ignition paired with Go Cardless, makes it easy to get clients onto a monthly Direct Debit model. Creating a good monthly Cashflow, and removing manual engagement letters. ✅ A seller who needs someone to run the show after they’ve departed. Is still worth looking at. An acquirer might have someone in mind they can parachute in who is already versed in the Groups values, ensuring change management is easier to deliver. ✅ A seller with a good middle management who can run the show in their absence. ✅ Strong base of reoccurring revenue. ✅ Profit making business. ✅ Location, can the buyer easily put in extra resource. Perhaps they can merge the office with another nearby? ❓Looking to sell your accountancy or bookkeeping practice, now or in the future? My role at Affinity Associates Limited is to acquire and integrate practices into our group. Follow me, and hit the bell🔔 icon to subscribe to plenty more posts to come. #Acquisitions #Accountancy #AccountancyPractice

14

Do you find accounts and reports just baffling? 🤯👌 That's why we provide a narrative to all of our clients that have a Management Accounts package with us NOT just reports that leave you confused 👌 Think of it as a wee short story of your business over the last month and year to date. Things like: ✅ - Profit for the month and how that compares to previous months. ✅ - How much corporation tax that profit has created that you need to have saved aside as well as the profit for the full year and how much money you need saved in total for your corporation tax. ✅ - How much VAT has been created in the last month that you need to have saved aside and how much VAT money you need saved for the quarter so far. ✅ - How much personal tax you have created this month in things like dividends and how much you need to have saved for the tax year to date. ✅ - Capital / Equity position at the end of the month. This is your retained profit and current profits minus your dividend. You can never withdraw more dividends than you have available in equity so we keep an eye on this for you and advise how much you could take. ✅ - Discuss any outliers. If something looks unusual high or low, we'll discuss that so you understand why. No more 🤯 - just clarity and understanding. Reports are pointless if you don't understand what they mean 🤷‍♂️

6

2 Comments

Your Accountant: Trusted Advisor or Government Watchdog? As a business owner or individual, having an accountant you can truly rely on is crucial. However, it's important to understand that your accountant's allegiance should lie with you, their client, and not with regulatory bodies like HMRC. While accountants are obligated to operate within legal boundaries, their primary responsibility is to represent your best interests. An ideal accountant should be a trusted advisor who understands your unique financial situation, goals, and risk tolerance. Unfortunately, some accountants may prioritise compliance over client advocacy, inadvertently acting more like government watchdogs than trusted advisors. This approach can lead to missed opportunities, overly conservative strategies, and a disconnect between your objectives and the services you receive. A truly client-centric accountant should: ▶ Actively seek legitimate tax-saving strategies tailored to your specific circumstances. ▶ Provide proactive advice on financial planning and business growth opportunities. ▶ Communicate openly and transparently, ensuring you understand all options and their implications. ▶ Represent your interests fiercely while adhering to ethical and legal standards. Remember, you are retaining an accountant to maximise your financial well-being, not to act as an extension of regulatory bodies. A skilled professional should strike the right balance between compliance and advocacy, always putting your needs first. #construction #profit #growth

1

Check out the latest episode of our weekly podcast, "Bean Counter to Boss," where every week we dive into the topic of starting your own accountancy practice. In this episode, we are discussing software! Listen now and catch the next episode on April 24th! 🎙️ #beancountertoboss #startingyourpractice

8

6 Comments

Accountancy is a serious business... but it doesn't have to be! At Chorus Accounting, we're not just an accountancy firm – we're your partners in success! From finance solutions to managing your accounts, we've got you covered. Trust us to handle the numbers while you focus on what you do best – running your business. PM us to learn more about what we can do for you - we're always happy to chat. #accountant #businessadvice #moneyadvice

5

Why Outsource your Finanace Director / Finance Controller role⁉️We ALSO offer an Outsource Corporate Finance Director role 💙 We are seeing a significant increase in demand for our FD and FC services and speaking to our current clients this is why: ⭐️ Working with qualified accountants with experience in various industries 📈 We work closely with your internal team to help grow and develop them and also put systems in place 💪🏻 We are effectively contracting so every day we are adding value, striving to impress and if we aren’t you can get rid 💷 No huge recruitment fees 🤝🏼 Recruitment is HARD in finance- there is definitely a short fall in talent The good news is Gravitate Accounting have capacity and can place someone in your business tomorrow ✅ Gravitate Corporate Finance can also help by giving you an expert in house to get your dream exit 💷 If you are struggling to recruit and want to hear more how we can support get in touch 📲 #accountants #finance #Outsource #FD #FinanceDirector

32

4 Comments

Is bookkeeping taking up too much of your time? If so, Sharp Bookkeeping Ltd is here to support you. We do all the hard work (and the stuff you don’t want to do) so you get more free time. #bookkeeping #bookkeepingservices #smallbusinessuk #takebackyourtime

6

Limited Company Directors - do you already have an accountant? If so, we want you to keep them. 😊 Do you do your own bookkeeping, then pass the books over once a year/quarter? Is keeping on top of it weighing on your mind? Feel pressured? Not really sure about VAT rates? procrastinating? Unsure if things are right/wrong? No idea how the business is doing? Don't really like doing it? Want to focus on other things? This is where we step in! We keep the books up to date, produce the VAT returns, run your payroll, and carry out any tasks you need/don't like. We can also help with weekly cash flow, expense analysis, profit margins, and review your accounts on a regular basis. The books are then ultra tidy when handed over to your accountant, who work their magic. We have also established great relationships with clients' accountants, and enjoy working together to support the client mutually. More than happy to have a quick no pressure chat.👋 Have a great week. #bookkeeping #businessgrowth #businesssuccess #advisoryservices #vat #payroll

15

2 Comments

Want to know what it's like? To go to an event and to speak infront of an audience? Well my Accountex vlog will show you!!! This event was so busy and the place to to be for Accountants and bookkeepers! If you want to grow your business with the latest tech and trends, then don't miss out next year!!! Vlog coming soon!

64

8 Comments

Have you actually sat and thought about all of the expenses that you pay out of your business account each month? It's more than likely that the answer is no! Many business owners bury their head in the sand when it comes to spending. At Long White Cloud Accounting we help you to identify unnecessary costs and streamline your expenses. Cutting down on non-essential expenditures can free up funds for investment in growth areas. That's exactly what we strive to do for your business, help you to grow and succeed. Book a call today to find out how we can help you. https://lnkd.in/eG-tf6Vj

3

🗞️ Our latest insight “How Limited Company Accounts Work and How Taxtful Can Help” is now up 👩‍💼 As a business owner, you’ll know that running a Limited Company comes with many challenges. However, with the right support, you can manage your finances efficiently and ensure that your business succeeds. 🔗 Read the full article here 👉 https://lnkd.in/eigWR26z #limitedcompany #llc #accountants

2