What to do when your clients cease trading

What to do when your clients cease trading

A client had some extraordinary bad luck recently when two of his customers in the construction industry abruptly ceased trading owing almost £50k to our client. The situation was worsened by the fact that the goods had been delivered and invoiced but there was little...
The A-Z of Accounting

The A-Z of Accounting

Accounting has a lot of phrases that we accountants use regularly but may just sound like jargon to you. So, we’ve chosen 26 words or phrases that we use and explain them in laymen’s terms. A = Asset. An asset is something owned by a company that has future economic...
Tax affairs! Are yours in order?

Tax affairs! Are yours in order?

Keeping your tax affairs in order is essential. It may sound obvious and it may sometimes feel a little painful having to pay the taxman, but not doing so can lead to you facing consequences beyond any penalties you may incur. For example, last week the director of a...
Switching accountants is easy!

Switching accountants is easy!

Have you seen the TV advertisement with a guy dressed as a sports coach? He suddenly pops up in the lives of ordinary people who are staring at their utility bills. Said coach then tells them that it’s easy to switch their supplier! And, let’s be honest, it is very...
There’s no such thing as a silly question

There’s no such thing as a silly question

It’s unknown who said it, but we agree that there is ‘no such thing as a silly question’! There are some observers who may disagree; however in accountancy there really isn’t such a thing as a silly question. Business finance can be a bit of a minefield if it isn’t...

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