Have ‘New school’ accountants replaced ‘old school’ bank managers?

'New school' accountants have replaced 'old school' bank managers for small businesses - blog

We have an increasingly complex financial ecosystem, yet UK businesses feel that they have no one to turn to.  It’s not surprising, since we’ve seen a reduction in bank branches and bank managers over the past 20 years, but what business owners don’t know is that they do have someone. To help SMEs in a … Read more

1 Accounts – You are not a bank

You are not a bank

You Are Not A Bank As a small business, credit control can be a nightmare. Paul will tell you that when he first started running his traditional accountancy practice (Paul Donno & Co) he was pulling his hair out when he would do work, invoice the client and then not get paid. Unlike buying a … Read more

7 Ways an Accountant Can Save You Money

surprised face

In today’s competitive business world, it is not uncommon for people to do their own bookkeeping and accounting. There are many reasons why this is done – the most common being that you can save money doing so. Of course, saving a couple of hundred pounds is an enticing prospect, but there are actually many … Read more

10 tactics to make sure your invoices get paid.

piggy bank

Wouldn’t life be simple if you could guarantee that your invoice would get paid on time every time? Sadly, this isn’t always the reality. With the economy coming out of recession, there is a very clear and present danger that your business invoices may not get paid in a timely fashion. Here are our best … Read more

Why should I switch to a digital payment process?

why should I switch to a digital payment process

According to studies, SMEs spend on average, a whopping £4.4 billion per annum chasing late payments. This problem is only exacerbated by traditional (and slow!) payment methods too such as cash and cheques, so what is the solution to this? To reduce the time between invoicing and the money actually clearing into your accounts receivables … Read more

How do I make more money without spending a penny!

If you’ve lost clients due to the Covid-19 pandemic, you are not the only one. Countless businesses have lost a substantial amount of revenue, some of which have been forced to declare bankruptcy or shut their doors for good. When we lose clients, it can be tempting to jump back on the sales horse and … Read more

How to recover your accounts receivables

blobs

How to Recover Your Accounts Receivables After Covid-19 The pandemic has not been kind to business. Many companies have struggled with poor cash flow, defaulting on payments and many have even gone bankrupt. Even now, businesses still struggle, so, understandably, that the financial situation of most businesses in the world is bleak. With that being … Read more

10 ways to make sure your invoices get paid!

Wouldn’t life be simple if you could guarantee that your invoice would get paid on time every time? Sadly, this isn’t always the reality. With the economy coming out of recession, there is a danger that your business invoices may not get paid in a timely fashion. Here are our best tips for getting your … Read more

Do new small businesses need an accountant?

laptop

According to business start-up statistics in the UK, 20% of businesses fail in their first year and around 60% will go bust within their first three years. Approximately 660,000 new start-ups register in the UK every year according to The Telegraph, so what are the reasons for such a high failure rate? While there are … Read more

Anti-money laundering and our clients

money bags

Anti-money Laundering – sounds scary, doesn’t it? Our governing body (AAT) requires us to follow strict guidelines to help us spot signs of money laundering. Although we trust our clients, we must follow all of the steps to comply with the regulations. What is anti-money laundering? Our team are all trained to spot the signs … Read more