The Federation of Small Businesses (FSB) says that in 2013, most private sector businesses in the UK were SMEs (accounting for about 99.9 percent) and employed 59.3 percent of the workforce (about 14.4 million people). In addition, they generated 48.1 percent of the turnover produced by the entire private sector. The immense numbers that small…

Businesses─ regardless of venture or industry─ require long hours of work combined with dedication, perseverance, determination, and iron will to create profit and generate growth. The gravity of financial responsibilities, though, is slightly concerning for small and medium enterprise (SME) owners, as supported by a study published in a Yahoo! UK and Ireland Finance article…

Being let off temporarily from paying taxes is every business operator’s dream, particularly for those running a startup. Forbes magazine contributor David Prosser says:

  The strength of a home’s foundations can determine its longevity and survival in the face of calamity. In the same way, a start-up business should have strong financial fundamentals—an area where chartered accountants in Bristol can prove rather indispensable. Here are some helpful hints about properly gearing your business towards a successful and financially…

It used to be that consumers had to trudge all the way to brick-and-mortar stores to obtain the goods they needed. These days, however, a growing number of retailers run both physical outlets and online storefronts. Unfortunately, the retail taxation system hasn’t changed as much, which explains why many businesses are still being taxed according…

It used to be that consumers had to trudge all the way to brick-and-mortar stores to obtain the goods they needed. These days, however, a growing number of retailers run both physical outlets and online storefronts. Unfortunately, the retail taxation system hasn’t changed as much, which explains why many businesses are still being taxed according…

A BBC news article published February 3, 2014 reveals recent findings of a survey by The Institute of Chartered Accountants in England and Wales (ICAEW) and Grant Thornton:

For most people, the end of one year and the start of another means celebrating the holidays and looking forward to start anew. For businesses, it usually means managing finances from the year before and getting ready for the immediate financial future. Particularly, this entails preparations for the end of the current tax year and…

A recent survey by accounting software provider IRIS revealed that accountants and bookkeeping professionals in Bristol and other areas across the United Kingdom are optimistic about the nation’s economic future. 59% of those surveyed express hope for their clients’ businesses, while 72% thought their respective companies will also be on the rise in 2014.

The realbusiness.co.uk website has an article that discusses how SMEs could use the services of an accountant, especially if the enterprise only has one employee. It would be difficult to rely solely on just one person for everything, so bookkeeping duties can be assigned to accounting services instead. There are various advantages according to the…