Handpicked Accountants

Helping businesses of all sizes find an accountant they can trust

[Handpicked Accountants @Handpicked_Acc]

When should you consider changing your accountant?

If communication is limited or you’re not getting the advice you need, it might be time to reassess.

👉 Read more:
https://t.co/cWuoXdkm37

#BusinessAdvice #FinanceSupport #Accountancy

[Handpicked Accountants @Handpicked_Acc]

A proactive accountant should offer more than year-end compliance.

Ongoing advice, planning, and insight can make a real difference to how your business performs.

👉 Learn how it works:
https://t.co/0Lod8S7Lp1

#Accountants #BusinessSupport #SME

[Handpicked Accountants @Handpicked_Acc]

HMRC’s Making Tax Digital now includes Income Tax Self Assessment for many businesses. 🧾

Know what it means, when it applies and how to prepare your digital records.
https://t.co/THUySGtEA3

[Handpicked Accountants @Handpicked_Acc]

If you are an accountant searching for solutions on behalf of a distressed client, this free guide has all the information you need when it comes to business rescue, recovery, and closure. https://t.co/Qj7wTYZ5mb

[Handpicked Accountants @Handpicked_Acc]

Leading insolvency firm Begbies Traynor’s latest Red Flag report also shows that the number of companies facing ‘significant’ financial distress has increased by 31% to 91,088. #Property #Construction #UKeconomy https://t.co/oELEqfHfRG

[Handpicked Accountants @Handpicked_Acc]

Although the liquidation of a company must be handled by a licensed insolvency practitioner, your accountant can offer some valuable guidance and assistance during this process should you choose to enlist their help. https://t.co/tS4i7R2Gfi

[Handpicked Accountants @Handpicked_Acc]

Before you rush to sign on the dotted line, there are certain questions you really should ask to ensure you will be receiving the service you expect. https://t.co/vKKuv1uHyJ

[Handpicked Accountants @Handpicked_Acc]

A personal guarantee is a legally binding agreement where a director or an individual pledges to take on personal liability for a debt or financial obligation incurred by their company. https://t.co/fWGyt6jSOV

[Handpicked Accountants @Handpicked_Acc]

Alternative finance is generally flexible and fast to secure when compared with traditional bank lending, and could include such methods of funding as invoice factoring, invoice discounting, or crowdfunding. https://t.co/VXxSwiurb5

[Handpicked Accountants @Handpicked_Acc]

The short answer is no, you cannot continue as a company director if you are going bankrupt. If you are currently struggling with your finances, it’s important to understand the implications that bankruptcy can have for your business. https://t.co/CrBOMmNceE

[Handpicked Accountants @Handpicked_Acc]

Selling a franchise is straightforward, however, you must comply with the terms and conditions of the franchise agreement. This may include restrictions and strict guidelines under which the franchise can be sold. https://t.co/iDWacSRgoj

[Handpicked Accountants @Handpicked_Acc]

#PizzaHut to shut 68 UK restaurants after collapsing into #administration leaving 1,210 out of a job https://t.co/F2SqqYnBAo

[Handpicked Accountants @Handpicked_Acc]

Poor #cashflow is a common reason why businesses don’t survive as it creates an impossible environment in which to operate. You don’t want to have to write off unpaid invoices as bad debts, so how do you recover money from customers who won’t pay? https://t.co/NxO2Mh27g4

[Handpicked Accountants @Handpicked_Acc]

Problems with cash flow affect nearly all businesses from time to time, however if difficulties paying your creditors becomes a pervasive issue then it could be a sign of bigger problems to come. Look out for concerns such as the following.. https://t.co/HkMjmwrfck

[Handpicked Accountants @Handpicked_Acc]

A personal guarantee allows the bank to secure protection against non-payment. A private lender may also require a personal guarantee in order to exercise control over the director’s assets in the event of non-payment. https://t.co/dTKYtRg10I

[Handpicked Accountants @Handpicked_Acc]

The downside of buying an insolvent business is that due to the usually tight timings required for the sale, and the overall circumstances of the company, there is generally very little given by way of due diligence before the sale. https://t.co/AtmkZzVcNy

[Handpicked Accountants @Handpicked_Acc]

Most banks offer decent rates on small business lending, yet they are not the only source of funding. Make sure you consider alternative sources of finance too. These include the following.. https://t.co/kqNOXZeRgn

[Handpicked Accountants @Handpicked_Acc]

Business expenses are categorised by HMRC as those incurred ‘wholly and exclusively’ for business purposes. They commonly include heat and light, rent, telephone, office costs, and vehicle-related expenses. https://t.co/wbVRc6xBg2

[Handpicked Accountants @Handpicked_Acc]

This is why spotting the signs of #cashflow problems early is crucial – it gives you more time to avert a crisis and get your business back on track. So what are the first signs that cash is becoming a problem, and how should you deal with the situation? https://t.co/oyfDmRUbSY

[Handpicked Accountants @Handpicked_Acc]

In January, Degnan, of Wellhams Road in Pontefract, was given a two-year suspended prison sentence after admitting two counts of fraud by false representation. https://t.co/yBq5Oq2cbg