The Ultimate Guide To Getting your Finances In Order

Are you a Peterborough business owner? Then you don’t need us to tell you that it’s essential to get to grips with your company finances. Here at Linda Carr Accountants, the accountant Peterborough clients trust, we can help you to do just that. Here’s our top tips for success!

Find an Accountant in Peterborough That Businesses Recommend

The first thing that you should do, if you haven’t done so already, is hire an experienced local accountant. We are regarded by many businesses in the area as the best accountants Peterborough has to offer, and we work with a range of clients all over the city. Whether you are a limited company, sole trader, or partnership, we will tailor our services to suit your exact needs. With our years of experience and keen eye for detail, we will soon have your finances in order.

Set Up a Business Bank Account

If you haven’t already, then you need to open a business account. If you aren’t sure which kind of account is going to be suitable, then talk to your bank. They will be only too happy to help, and will show you which account will be most suited to your business needs. While you only legally need a business account if you have registered as a limited company, business bank accounts are a good move for sole traders and those who are self-employed too.

Set Aside Money For Your Tax Bill

It’s a really good idea to set aside some money for your tax bill throughout the year. No one likes being caught out by a big payment to HMRC at the end of the financial year, so the earlier you start to prepare the better. Your accountant will tell you what your tax rate is. If you then take that percentage from every payment you receive and put it into a separate savings account, you’ll have all the money that you need.

Be Prompt With Your Invoices

A lot of business owners complain that they don’t see money coming in quickly enough, but then don’t rush to invoice their clients. It’s as simple as this: if you don’t send your invoices out, then you’re not going to get paid. Make sure that you set aside time to see who you are still awaiting payment from, and then see if you have sent them an invoice. If you have – then it could be time to chase that payment up.

Embrace Technology

The world is forever changing, so it’s important that businesses change with it. Don’t be scared to bring technology into the mix, as there are some really helpful tools that can make running a business that much easier. Whether it’s software for your office computers or an app you can install on your smartphone, there’s often a digital solution for any business problem. So do some research and see what’s out there!

Take Ten Minutes Each Day

It’s a great idea to take some ‘money minutes’ each day. When you first sit down at your desk, take some time to check if there’s anything that needs addressing. Perhaps you have some invoices that need to be sent out, or there are some receipts that you need to pass on to your accountant. Perhaps there are some unexpected expenses that you need to clear? Dealing with a few small tasks each morning will stop them piling up and becoming unmanageable – and will give you a much clearer view of your current financial situation.

Talk to Us

If you wish to discuss anything with us, we are here to listen and answer any questions that you may have. Hiring an accountant is a big step for any business, and you’ll want to be sure that you have made the right decision. With our friendly team and years of experience dealing with businesses of all sizes, we are sure that we could be the right fit for your company. We make the effort to get to know every one of our clients, so we can deliver a truly personalised service.

Contact Linda Carr Accountants Today

Now that you know how to get on top of your finances, there’s no limit to what the future could hold! With our expert help and guidance, you’ll be able to make decisions that are right for your business and make sure that everything is in order. So why not get in touch today?

How Accountants Can Maximise Your Company’s Potential

We have been in business since 2009, and during our years working in Peterborough, we have worked with all kinds of clients. From helping them to deal with unexpected growth and turning it into an advantage, to helping them manage their cash flow, we have worked with them in a number of ways to help them fulfil their company’s potential. If you want to give your business every chance of success, then our team of Peterborough accountants are ready to help. Here’s what you can look forward to when you work with Linda Carr Accountants:

The Best Peterborough Accountants For New Businesses

A great accountant is essential if you are trying to get a new business up and running. We have worked with a number of companies in Peterborough, and we know what does and what doesn’t work when it comes to starting a business. An accountant can help you put some solid foundations and forecasts in place, allowing you to prepare for lots of eventualities. Our Peterborough accountants will be able to offer an expert, impartial opinion too, so you can be sure you are on the right track.

Pay What You Owe – Nothing More, Nothing Less

Paying the right amount of tax is vital to the success of any business. If you struggle with your tax returns, erring on the side of caution so you end up paying more than you need to, you’re taking funds away from your business. Pay too little tax, however, and you’ll find yourself in trouble with HMRC. That’s where we come in. We can complete and file returns with total confidence, ensuring that you pay exactly what you owe – leaving you free to invest your cash in your business.

Doing The Hard Work For You

If you are trying to keep on top of your company’s accounts, chances are you aren’t getting much time to focus on much else. This could be holding your business back, as you’re not able to dedicate as much time as you’d like to certain aspects of it. If you were to hand over your accounting responsibilities to us, then you would be able to spend your time doing what really matters to you. This will help your business reach its fullest potential.

Our Peterborough Accountants Can Help You to Save on Tax

Our team of experienced Peterborough accountants are well-versed when it comes to current tax laws. With so much knowledge and expertise, they are the perfect team to advise you on how to reduce your tax bill. We work within the law at all times, advising our clients while keeping in line with all UK regulations. Whether it’s informing you of government incentives, allowances, expenses, showing you how to offset losses, or simply changing the way you draw income from your business, we’ll show you how to cut down on your tax payments.

Taking Care of Your Books

Having a team of professional accountants take care of your bookkeeping will ensure that everything is up to date and accurate. All you need to do is give us your receipts, invoices and banking information every month, and we will take care of the rest. We have an exceptional eye for detail, and you can be sure that nothing will be missed. Having books that are regularly updated will help your business to grow, and provide you with handy reference points when required.

Why Work With Our Peterborough Accountants?

All of the above will save you time and effort, giving you the freedom to totally dedicate yourself to your business. Your undivided attention will allow you to focus on the areas that matter most, helping you to fulfil your company’s potential. Whether you have dreams of going global or you want to remain a proud, independent Peterborough business, we’ll be there to ensure that your finances are in the best possible shape for whatever has to come.