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Business tax – what business owners should expect of their accountant

Most business owners will tell you what they think their accountants do: they prepare the accounts and do the tax return. They probably think of this as pretty much a process. There are two misunderstandings implicit in that sort of thinking; the first is there is a sort of sausage machine at work and that you put in the figures and get a certain result, and the second is that there is no room for manoeuvre.

Most SMEs, by which I mean the larger ones within the official definition down to much smaller almost micro-businesses, are owned by families or family … Continue Reading

Why are my accountancy fees so high?

Complaints about accountancy charges from SMEs and small business owners trading through companies are common, but often the answer lies with the businesses themselves. I would be the last to deny that some accountants are lazy in looking after their clients and in ensuring that they are getting good value from the services they provide. In our profession as in any industry we get those who are not serving their clients or customers well and are surprised when their clientele vote with their feet.

There is another reason why accountants may charge quite a lot, and that is because they really … Continue Reading