What’s the best part of an online marketing video? The call to ‘ACTION!’, of course. Lloyd Jones explains all Firstly, I’d like to say a big ‘hello’ to all readers of Accounting Practice – I’ve recently joined Get Seen Now…
Category: Growth & Tech
FRS 102 Explained
Steve Collings explains accounting for investment property under FRS 102 FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland deals with investment property in Section 16 Investment Property. Investment property is defined as: “Property (land…
Making your practice stronger with ICAEW’s BFP designation
For smaller practices, having staff with a professional status can help with skills shortages, succession planning and building client relationships ICAEW Business and Finance Professional (BFP) is a non-chartered designation that provides employees with recognition from an international membership organisation.…
Do you talk to your clients?
A strange question to ask isn’t it? Do you talk to your clients? Surely all accountants talk to their clients and there is no doubt truth in that answer. However, if you discount the calls to chase information, to obtain…
The Four Constituent Parts to consider of a Practice Sale
Accountancy practices typically have four main components. Lucinda Kitchin sets out what they are and how they may be adjusted according to what is being bought by the purchaser. In most instances accountancy practices have four constituent parts: 1. Goodwill:…
Getting funds for a client can be faster than Farah
iwoca takes over 12% of all UK small business overdraft approvals, says the firm’s Richard Sutton. The latest UK Finance data of small business overdraft approvals has revealed iwoca’s market share has grown, as we overtake Santander and HSBC for…
Grow Your Practice with Payroll
Simon Palmer explains why your accountancy practice should consider payroll within its service offering Historically, a large number of accountancy firms haven’t offered payroll support to their clients as there wasn’t the financial incentive to do so. However, as developments…
Record High For New Company Formations
New figures just released reveal that the number of companies formed in the UK reached a record high in 2018, writes John Korchak. On a national level, there were a record-breaking 669,855 companies formed – up from 634,116 in 2017.…
2020 or 20/20 what will be your Practice Focus
Mark Lee explains how you can best prepare your practice to deal with the challenges that lie ahead Normal vision is often described as 20/20. Next year is 2020, so what is it normal to be planning for 2020? Those…
No Two Websites are the Same But they Probably say the Same Things
Patrick McLoughlin explains how you can differentiate your accountancy firm from the competition Here’s a challenge for you. Pull up your website and then open a couple of new tabs and pull up the websites of two of your competitors.…