View The Difference Between Bookkeepers and Accountants

The Difference Between Bookkeepers and Accountants

When most people think about bookkeeping and accounting, they would be hard-pressed to describe the differences between each role. Whilst bookkeepers and accountants share common goals, they support your business in different stages of the financial cycle. Bookkeeping is more transactional and administrative, concerned with recording financial transactions accurately and efficiently. Accounting is more subjective, giving the business…

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View Choosing the right part-time accountant for your SME

Choosing the right part-time accountant for your SME

Choosing an accountant is like choosing a new business partner. The right accountant will become a trusted colleague you can depend on, who offers advice and guidance as your small business grows. So what are the top things you need to look out for when hiring a part-time accountant? It’s important to take the time…

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View Why does my company need an Accountant?

Why does my company need an Accountant?

It’s a direct question to ask, but the response might not be as simple as you’d think. Accountancy as an industry has seen significant change and growth in recent years. There are now many different types of accountants for business owners to utilise: Compliance Accountants will ensure that your end of year reports & tax…

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View 8 Things  Accountants should not do…

8 Things Accountants should not do…

So what should an accountancy firm/function/professional offer companies of today? Given the complexities of company needs and wants, it’s probably easier to look at what they shouldn’t do… The Rear-view mirror – stop looking in the past. A finance professional’s view point should be 5% historical, 95% forward looking. Time should only be spent on…

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View Where to turn for SME Finance advice

Where to turn for SME Finance advice

Research from the British Business Bank suggests that more and more start-ups and SMEs are turning to online platforms for “financial advice”. To meet this growing demand British Business Bank along with ICAEW has created a new Business Finance Guide “a journey from start-up to growth”. In addition, The Association of Accounting Technicians (AAT) has…

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View This 5 Minute Assessment Can Net You A £2000 Grant!

This 5 Minute Assessment Can Net You A £2000 Grant!

    EFM is now a registered Growth Voucher provider- part of the Government Funded Growth Voucher Scheme, and this programme allows SMEs to apply for a subsidy towards the cost of obtaining advice from our accredited EFM advisors or other participating providers. In January 2014, the government launched a scheme to provide grants to…

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View SMEs Get Second Chance With New Proposals

SMEs Get Second Chance With New Proposals

George Osborne recently announced proposals to help SMEs access finance. These measures are aimed at providing alternative sources of funding to small businesses that have been rejected for a business loan. The Chancellor authorised partnership talks between High Street banks and lend-to-save firms so that more than 250,000 businesses that have been rejected for loans…

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View Power Up Your Business!

Power Up Your Business!

Are you an SME thinking of starting, growing or better managing your business? EFM is now a BAS adviser ( via the ICAEW Business Advice Service). Small and medium sized businesses can get a free consultation from today and receive invaluable advice from an EFM Finance Director to help start and run their business efficiently and…

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