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Showing posts from August, 2016

Proper Identification of your Business

Properly specifying the type of your business is not an optional thing. For many which have their own business, be them self-starters or those who have been in the game for a very long time and wish to expand, they are either Sole Trader Companies or have ownership of a Limited Company. Regardless of the type of business you own, it is important for you to identify it properly so it can pay the taxes appropriate to it’s size and business model. It is imperative to know the differing types of businesses out there – and when you wish to change the type of business you operate, the services of an accountant in North Wales can help you with what you need to do. Most businesses start as Sole Trader Companies. The enormous draw of doing so is that Sole Traders do not need to register with the HMRC. As a Sole Trader, you and your business are essentially the same thing. Any event to happen to your business, (good and bad) legally is happening to you. As such, you are allowed, as a So

It’s Time For Your Audit – What Now?

If you run a small business, you don’t have to commission a company audit, but all public companies still need at least one on an annual basis. Many private companies produce audited figures if they perhaps have external investment, or are attracting investment. Don’t think of an audit as a bad thing – most chartered accountants in North Wales will endeavour to make the process smooth, manageable, and painless. After all, that’s what an audit is, at it’s heart – the opportunity to detect problems and abnormalities that might indicate either dishonesty, or a lack of control in some areas of your business. Auditing is essentially a process. An audit involves the reviewing and investigation of any aspect of a business, financial (in the areas of accounts or stock) and nonfinancial (human resources policies, quality and safety policies, to name a few.) An auditor working with a good accounting firm will be fully trained to spot areas of needed improvement, potential danger and incid

Stepping Up Your Game Doesn’t Have To Break The Bank

How customer-friendly would you say your business is? In 2016, it’s safe to say that every business under the sun is faced with an overwhelming amount of scrutiny from customers and non-customers in the face of online rating services such as Yelp and TripAdvisor. They're not going away, either. There are countless emerging rating systems such as TruRating, it appears that this scrutiny is not going away. With the reinvention of word-of-mouth in the form of ratings websites, business chains are spending stupendous amounts of money on ways to offer “experiences” and like all things, it’s getting a little bit ...well, fake. Why not stand apart from the competition in small, simple, thoughtful ways such as having a little bowl of sweets by your till? Our favourites, by the way, are Chupa Chups Lollipops . Perfection! Is such a small gesture really enough to offer a great customer experience though? Well, no. Of course, the tenets of customer service still indeed have to be fol

New Coworking Space vs Traditional Office Space

Traditional offices are slowly undergoing somewhat of an identity crisis. For some industries, it is shifting to the point where we don’t actually need physical offices anymore. Many workers could quite simply work from Starbucks or Café Nero - or hotdesking/collaborative spaces such as The Drum Coworking North Wales . Rewind time, and we find that offices were required to support its occupants in performing their jobs, at minimum cost and maximum satisfaction. It was a communication hub that was established in order to receive mail, meet with business colleagues, and ensure employees were getting their work done. Are these the values and reasons why we use traditional offices now? Mail service may still be relevant – though even that is hugely digitalised nowadays. We are able to communicate easily and concisely with one another without even being in the same city. Business decisions, big or small, can all be made through email, instant messaging, video calls and shar