North London Accountants – David Grant

When starting a UK business, there are five key things that you must do. And, if you are like most people starting a new business, these are things that you will be relatively unfamiliar with:

1) Appoint an accountant

This may seem an odd priority to you when there are so many other things screaming to be done. However this takes first priority because many of the tasks listed below will be undertaken by you for the first time. At this time, a good London accountant will be priceless. They will advise and guide you through the minefield of starting a UK business painlessly. So, not only will the stress be reduced but you will also get yourself a pair of helping hands. Read the rest of this entry »

Maybe you have got the recession blues and are afraid that you could be fired shortly. Maybe you’ve just been fired anyway. Whatever the motivation, you’ve decided the time is right for starting up your own small business. A little thought and planning will help you to avoid the pitfalls and the mistakes that new entrepreneurs often make because there is no point in simply diving off the deep end. We explain below a few of the considerations involved in starting up a business from scratch. Read the rest of this entry »

As a small business owner, you will always have plenty on your plate and very little time to spare. Nevertheless, there are some things that you must get right. Here are 6 of the most common mistakes that business owners make and how you can one of the few that avoid them.

Accounting for small business mistake #1: not getting the right accountant for your requirements.

In a start-up small-business, money will be tight and you will be looking for ways to minimise your expenses. However don’t be tempted to cut corners on your accounting requirements by trying to do it all yourself. Almost as important, don’t hire a bookkeeper just because he (or she) is cheap when what you actually need is a professional small business accountant. A good accountant, used appropriately, will add value to your business by helping you to minimise expenses and taxes and maximise your profits. Read the rest of this entry »

Once you have decided that you are going to set up a small UK-based business, one of the most important things you should do as soon as possible is to find yourself a good accountant. His (or her) help and guidance will be invaluable in the setting up stage of your business. Here are the 4 key things that you should keep in mind while looking for the right small business accountant for you.

1) Be absolutely clear about what you want your accountant to do.

Accounting is a very large field and good accountants tend to specialise in specific areas. You should therefore be very specific in determining what you want your accountant to do for you. Read the rest of this entry »

OK, so you are considering setting up a new small business. Are you making the same mistake that many new entrepreneurs make by not giving adequate thought or consideration to the structure and form of the business?

If you do not include deciding the correct structure in your planning at the very beginning, you may have problems later on.

The business can basically take one of four business structures (or entities). There are: Read the rest of this entry »