Money to Burn
By | November 2nd, 2011It was a few months ago that my best friend from college, Liam, approached me about starting our own business. We’d always been very keen on the starting our own consultancy firm and having worked for others for over 20 years we felt the time was now. We decided that Newcastle was the right market for it and after many years of being away, Liam moved back to Newcastle for the first time since our university days.
It took a few months to get the logistics of the firm but we realised that we did not have a strong grip on our finances. Finding a reliable Accountant in Newcastle could have been difficult. However, through a friend we found Accountants based in Newcastle upon Tyne.
Liam and I had never been proficient in dealing with our accounts and we needed someone who would be trustworthy and reliable while telling us exactly what we needed to know: jargon free. This is exactly the kind of service that we received with our accountant in Newcastle.
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Within a few months we’d realised that not only were all our accounts in order but we had some extra cash to spare! Our VAT return was looking very healthy and in order and as well as that our accountant had us jiggle a bit of our finances around the company so that we didn’t end up giving every penny to the Tax man – he had tips that we were totally clueless about.
One of the best examples of their work was their payroll service. Not only did they set it up so that we were getting officially paid they did it so that we paid the minimum of National Insurance and therefore maximised our tax-deductible dividend. Superb and their rates were very agreeable. Business is booming – or at least it looks that way on the books!
Conclusion
Accountants can be either a colossal burden or a colossal help; there does not seem to be a happy medium, that’s why it is vital for any small business to find a reliable accountant early and keep them! A good accountant will make you money.
Since 1988 Hurren Accountants has established an enviable reputation as one of the North East’s most respected accountancy practices. In that time we’ve helped over 1200 loyal clients with their accounting, payroll, tax returns and bookkeeping.More than just flexible, efficient and professional, we partner our clients with friendly, approachable and individual advice. No acronyms, no jargon – just good, solid, reliable, and easy to understand accounting support and advice.
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