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Our Abseiling Stars

May 23, 2017
Congratulations to team members Corinne Marsh and Isabella Roozbehan for abseiling down the Spinnaker Tower in Portsmouth....
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The most important thing to remember is that profit is a result. It is a number that is the difference between income and costs. So to change the number that represents profit, you have to change income and/or costs. There is a tendency to focus on reducing costs. It is a ...
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Recent studies by Oxford University and Deloitte (2015) suggest that about 96% of what bookkeepers currently do will - in the not-too-distant future - become automated. It's been suggested by some that bookkeepers will soon become redundant. Actually, we don't think tha...
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Don't you just hate the old cliché, cash is king. I do. But the fact is, running out of cash is the number one reason businesses fail. Despite the fact that very often they are profitable. But profit and cash is not the same thing....
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Every successful business has its finger on the pulse. You need to know the key numbers. Not the numbers in last year's accounts; they're out of date. Redundant. You need today's numbers. And that's where your cloud accounting system comes in. If you don't have a clo...
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Old-fashioned accounting systems are seriously flawed. And that can have dire consequences for small businesses. Until recently there were essentially 3 common types of accounting system: A manual system of books and records, like those big cash books. An Excel or other...
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Recent studies by Oxford University and Deloitte (2015) suggest that about 96% of what accounting firms currently do will - in the not-too-distant future - become automated. 96%! Surely that means the accountant is soon to be redundant. ...
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Every business owner hates bookkeeping and paperwork. Unfortunately it has to be done. And it has to be done in a prescribed format... otherwise the Tax Man will be on your back. It's also difficult. That's why there are bookkeeping exams. That's why there are professio...
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Don't you just love the UK Government? UK businesses are just getting over the huge cost and upheaval from the Automatic Enrolment regime and now we have another one to deal with. You'll love this. They call it 'Making Tax Digital'. Of course we don't yet know exactly h...
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When journeying upon the path of wisdom, do not look down

Watching Karen Reyburn of the Profitable Firm talking with Paul Barnes of My Accountancy Place reminded me of a quote from Zen Master Bashō. Matsuo Bashō was a 17th Century Japanese poet – the most famous poet of the Edo period in Japan. He said: "Do not seek to follow...
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