As a business owner turning over between £500,000 and £1 million, you’re in good company. You’ve built something substantial, created jobs, and are contributing significantly to the UK economy. But here’s the question that keeps many owner-managers awake at night: Am I actually making enough profit for all this effort and risk? If you’re not […]
Introduction As your business grows from a solo operation to a small team with employees, tracking your financial performance becomes increasingly complex – yet even more critical. You can no longer rely on checking your bank balance to gauge your business’ health. At this crucial growth stage, implementing the right Key Performance Indicators (KPIs) can […]
Like two thirds of UK businesses, Whitesides Chartered Accountants is a family business, which Joanne founded in Leeds over 30 years ago. In 2015 when a new accountant was needed, she was lucky to find that Sarah, her daughter, fitted the bill perfectly. Now, with the firm about to be passed on to the second […]
As chartered accountants and business advisors we have the knowledge and skills needed to help businesses at every stage of their growth cycle. Help Developing a Business Plan Involving your chartered accountant in developing a business plan for your company can be a smart move. We can provide useful insight into key business indicators and […]
FREE Event: Refresh Your Business – Post Lockdown Covid-19 will have affected your business no matter what size or sector you are in. Here at Whitesides we’ve got more than 30 years of experience, which we can draw on to help you ‘Refresh Your Business’. We’re arranging some FREE online events where we will help […]
With the first non-essential retail premises beginning to reopen and the initial panic has passed, it’s time for businesses to look at their situation and begin to plan for the future and what the “new normal” might look like for them. One of the main drivers of business success is financial planning and preparing for […]
In 2018 criminals stole £1.2 billion through fraud and scams. With a lot of businesses currently working remotely and staff having access to documents and emails at home, fraudsters are increasingly targeting businesses with staff working remotely. Here are three main ways fraudsters are tricking businesses and staff into parting with cash. Invoice Fraud […]
As a business owner everything is your responsibility from ordering stationery and sending out the post to hiring staff and marketing the business. As well as all these day to day tasks you need to take time to plan the business strategy and longer-term business objectives. If you are struggling to find time here are […]
Quite regularly we’re asked what is the difference between bookkeeping and accounting? In this blog post, Sarah Greenwood, Whitesides Accountant and Chartered Tax Advisor explains the key differences. Accounting and bookkeeping are terms that are often used interchangeably, but what really is the difference? Bookkeeping is the process of collating and recording all the […]
There are so many online bookkeeping software packages available at the moment it can be difficult to decide which one is best for your business. I have outlined below the 4 main software’s available and the businesses we feel they are most suited to. Xero Xero was developed in New Zealand before being launched in […]
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