Good financial management is key for business success, for operations big and small. If you are an entrepreneur or start-up, it is vital that you get this right from the start, so that you can grow in the future with confidence.
In order to make your business scalable, you need to maintain financial structure and stability. Accountants can help you understand the position of your business, provide you with invaluable advice, and assist in the maintenance of financial documentation.
Rather than seeing this as a daunting task, take an active interest in finance, tax and accounting issues – this will help you both when you're working with an accountant, and generally in the running of your business.
Take a look at these 5 great UK accounting blogs that provide invaluable information and insight...
Accounting Web is a great resource for accountants and individuals looking for a better understanding of accountancy. Their expertise covers tax, business and financial reporting.
Crunch are providers of accountancy software, and their blog is filled with valuable accountancy and technology insight. They offer personal perspective as well as advice.
TDW are Manchester-based independent tax and accountancy specialists. They have a blog that features excellent tax-related intelligence for both individuals and small businesses.
Mark Lee is a successful accountant who is a regular contributor online, and also provides training. His personal accountancy blog is filled with guidance for both accountants and business professionals.
Chartered accountant Georgina Rollings runs Star Fish Accounting. Her main objective is to provide assistance for women in business. Her blog contains information on accounting, self-assessments, bookkeeping and more.
If you value the integrity of your business, invest in the services of an accountant. In order to expand and develop your business from the start, it is crucial to understand the importance of taxation and bookkeeping in relation to your profitability.