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7 ways to pay your accountant less

Using a Chartered Accountant and paying their accounting fee is often considered a normal part of running a business. It’s important for you to consider what you’re getting for your money. Before shopping around to reduce your accounting fees, compare the value that you’re receiving from your accountant. Let me elaborate with some examples: Scenario […]

06/12/2010
Mark
Finance
Comments: 3

One question that clients often ask is “how can I get people to pay me quicker?”. As they say “cash is king” and with ever spiralling bad debt due to the recession, everyone seems to be feeling the pinch. It’s possible that your customer is waiting to be paid before they can pay you. But […]

A few tips to finance your new business venture

As an accountant, I’ve been involved with hundreds of entrepreneurs setting up business for the first time. If you are thinking of setting up a new business (or have recently done so) you’re probably full of excitement, but also anxious. You’ll know that financing your new business is an important element of this process. You […]

Tips on Managing Your Accountants’ Fees

Quite often the professional fees that are charged by some accountants are seen as onerous to some small business owners. Considering the current state of the economy, you might find the following tips useful to help you manage your overheads. * Organise your books & record keeping. Basically, if the information your accountant needs to […]

How to get the best from your accountant.

If you are like many business owners, you out a great deal of trust in your accountant when managing your financial affairs. But not only that, your chartered accountant provides information on what you must do to comply with the myriad of compliance and legislative requirements you need to follow. They also play a vital […]

1 October 2010 GST rate change – a beginner’s guide

When the Government announced in the May 2010 Budget that Goods & Services Tax (GST) will increase, with effect from 1 October 2010, it probably seemed a long way off to you then. But with that date fast approaching, you’ll hopefully have begun to consider the impact that it will have on your business. These […]

How to find an accountant that suits your needs

Small business owners often choose their accountant without doing the right kind of homework or even giving it careful thought. Unfortunately, if you have selected the wrong kind of accountant for your particular requirements, unless you do something about it immediately, it becomes exceedingly difficult to switch at a later date. Your accountant becomes familiar […]

Business planning for small business

One of the most important pieces of advice that a business mentor will give you is the necessity for business planning. A business mentor will also tell you that, as with all fashionable buzzwords, there is much nonsense talked about the subject of business plans and models. And your business mentor should clarify what the […]

Why choosing the right accountant is critical for small business

The importance of choosing the right accountant cannot be over-stated. If you are a small business owner, no day seems long enough to accommodate all that you want to do. In all probability, you are a “one-man band” who wears many hats and has to handle everything from sales and marketing to purchasing and administration. […]

Implications for residential investment property owners

In the build up to last month’s budget, the government made no secret that it wanted to overhaul the tax treatment of residential property investments. In his 2010 budget, Bill English summed up the property investment aspects of his budget as an effort to introduce a fairer tax system to ensure that the tax treatment […]