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Your bank manager – friend or foe?

Maintaining a good businesses relationship with a financial institution (such as a bank, credit card company, etc) has always been important.  This is becoming more prevalent as many lenders are consolidating, borrowing becomes harder and options become scarcer. In the past, we may have regarded this relationship as a partnership, where each party stood to […]
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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 […]
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The emerging benefits of debt factoring

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 […]
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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 […]
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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 […]
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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 […]
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