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The value of conversation

I am always very excited to deliver my clients their first set of management accounts. You might remember that in my last blog, I explained how at E.H. Taylors, our clients receive their management accounts each quarter in an uncluttered and straightforward report. It’s always wonderful to see all the vital information they need to promote their business’s success in…

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Categories:

  • General
  • Making Tax Digital
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The mysterious concept of management accounts

If you’ve been reading my blogs regularly, you will know that I’ve been advocating the importance of bringing light to your business finances. Achieved through the power of performance information, it needs to timely, frequent, regular and accurate! If you’re already beginning to gather all this vital performance information, your next question is probably going to be, ‘What format should…

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  • General
  • Making Tax Digital
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Staying compliant – how to avoid bad business hygiene

To kick things off, when I talk about staying compliant and how to avoid bad business hygiene. Basically, the governing rules for the financial management of all businesses. This covers areas including your company’s VAT returns, corporation tax, PAYE, a workplace pension and everything to do with filing your accounts at Companies House and HMRC. If you’re reading this and…

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  • General
  • Making Tax Digital
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Bookkeeping – the foundation of your financial information

For many business owners, bookkeeping is viewed as a simple task that can be completed quickly and easily. However, bookkeeping is the foundation of your financial information! Getting wrong can lead to total confusion, a complete lack of clarity and ultimately, financial chaos. As business owners, we need to learn to respect financial administration and appreciate that the hard work…

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  • General
  • Making Tax Digital
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Say goodbye to spreadsheets

In my last blog, I talked about the different types of information you need to know as a business owner. Now it’s time to have a frank discussion about how you’re recording this information… I hate to tell you, but it’s time to say goodbye to spreadsheets. In all my years of accounting, I’ve never come across a set of…

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Categories:

  • General
  • Making Tax Digital
  • Uncategorised