Business

Accrual Accounting: Why Your Business Might Need it More than You Think

For many business owners, especially those starting out, accounting is an afterthought. Revenue goes in, expenses go out, and the hope is that there’s something left at the end. But as companies grow, the need for accurate financial insight becomes not just helpful—it becomes essential. That’s where accrual accounting comes into play.

While cash-based accounting might work for freelancers or micro-businesses, accrual accounting offers a far more complete and forward-looking picture of your company’s financial health. In fact, many mid-sized and large enterprises are legally...

Liv Butler

Liv Butler

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Bristol marketers unite at first Marketers Mixer event hosted by Exeter-based agency, Program

Authored by Program
Posted: Mon, 10/21/2024 - 4:59pm

The marketing community in Bristol came together for the launch of the Marketers Mixer, a dynamic new event designed to spark collaboration among professionals in the tech, innovation, and purpose-driven sectors. Hosted by Program , in partnership with Thought Quarter and Tech South West , the event featured expert talks and a lively panel discussion.

The evening featured a series of micro talks and a panel discussion, showcasing insights from regional marketing leaders. Speakers included Jane Halstead from Neighbourly, who discussed building brands as a force for good, and Paul...

Stephen Sowden and Emma Rodrigues of The Family Law Company

New solicitor for Care Team highlights commitment to legal aid work

Authored by Sue Cade
Posted: Mon, 10/21/2024 - 11:54am

The Family Law Company has welcomed solicitor Emma Rodrigues to its Exeter-based Care Team.

Emma’s interest in law was sparked at a young age by her enjoyment of legal television dramas and her natural inquisitiveness about the problems many people face. After graduating in Law from Cardiff University Emma took her master’s level LPC at the University of Law in Exeter.

This was at the height of the pandemic, meaning her classes and exams were online - and there was less opportunity for a training contract after she completed her studies. Emma decided to take a break to...

Founder of The Fresh Accountancy Service

New tax planning service launched by The Fresh Accountancy Company

Authored by Sue Cade
Posted: Mon, 10/21/2024 - 10:07am

Exeter accountancy specialist The Fresh Accountancy Company has launched an innovative tax planning service to support local businesses.

The company, which provides accountancy services to over 200 clients in the region, is offering ‘no risk tax planning’ to fill what it believes is a gap in the market locally.

This service is designed to help clients to make genuine tax savings, and addresses the misunderstanding that some smaller businesses have about what their accountant does for them.

The Fresh Accountancy Company founder, Tom Baker explained: “Many businesses...

How Supply Chain Software is Supporting Exeter’s Local Businesses

Authored by Liv Butler
Posted: Thu, 10/17/2024 - 12:10pm

In Exeter's commercial environment, supply chain software has become indispensable for local small businesses, allowing them to streamline operations and boost logistics effectiveness. These digital solutions systematise diverse supply chain facets—from stock administration to order completion—guaranteeing enterprises can react productively to client demands.

By automating routine processes, companies can preserve time and assets while heightening overall productivity, positioning themselves as competitive market players. As Exeter's neighbourhood enterprises adapt to shifting...

The Impact of Business Size and Industry on Insurance Rates: What to Know Before Comparing Online

Authored by Liv Butler
Posted: Wed, 10/16/2024 - 3:28pm

Before you start comparisons online, you need to understand how business size and industry-specific risks play a role in determining insurance rates. Understanding how these factors are calculated is important because they determine the premiums you will pay. Regardless of whether you're a small startup or a well-established enterprise, there are many factors that can have a huge bearing on the insurance quotes you receive.

Insurance Premiums and Business Size

The size of your business is a major factor in determining insurance rates, and Quote Goat can help streamline the...

UK not doing enough to avert food crisis

Authored by Program
Posted: Wed, 10/16/2024 - 1:44pm

As food price inflation hits 40-year high, industry figures gather at Westminster to call for immediate action to back homegrown UK food security plan

Calls from the UK’s farming and food production heartland are being made for the Government to take decisive action to stop empty supermarket shelves becoming a regular feature of daily life.

An increasing dependence on global supply chains, Covid-19, climate change, and geopolitical shocks has contributed to the highest levels of food price inflation in over 40 years, with over one in ten households now experiencing day-to-...

Devon and Cornwall businesses warned to avoid fuel duty double whammy in the October Budget

Okehampton-based Moorland Fuels is warning agricultural businesses and companies across Devon and Cornwall to avoid getting caught out by the much-anticipated rise in fuel duty, which is expected to be announced in the Budget on 30th October.

The business believes that fuel duty – which has been frozen since 2011 – could rise by as much as 10p per litre. This will occur if the Chancellor announces an increase in fuel duty by 5p/litre and removes the temporary 5p/litre cut in fuel duty introduced under the Conservative Government in March 2022. Removing the 5p discount alone will...

Work, Travel, Thrive: How Digital Nomads Can Now Call Europe Home

Authored by BHTNews.com
Posted: Fri, 10/11/2024 - 8:48pm

The rise of remote work has revolutionized how young professionals live and work, offering unparalleled flexibility to operate from anywhere in the world. This newfound freedom has opened doors for digital nomads to explore global destinations while maintaining their careers. However, Europe has historically imposed strict residency rules, mainly to manage immigration from regions like the Middle East. Despite these restrictions, the demand to live and work in Europe remains high due to its rich culture, stability, and quality of life, making it a dream destination for many.

The...

AML Training: Building Compliance Expertise for a Safer Financial Future

Authored by Val Watson
Posted: Fri, 10/11/2024 - 4:09pm

Anti-Money Laundering (AML) training is an essential component for professionals working in sectors where financial transactions are part of daily operations. It equips individuals with the knowledge and skills to detect, prevent, and report money laundering activities. This article explores the importance of AML training , its key components, and how organisations can implement effective training programmes to ensure compliance.

Why is AML Training Essential?

AML training is critical for maintaining the integrity of the financial system. It ensures that employees understand...

Is Your Business Ready for the Digital Age? A Guide to Prepare Your Business by BusinAssist

Authored by Simon Wells
Posted: Fri, 10/11/2024 - 12:18pm

With the evolution of digital technology, entrepreneurs have an opportunity to expand their businesses and tap into the global market through virtual offices. Through e-commerce, businesses can sell products and services internationally from one location. With a virtual office address , entrepreneurs can tap into any market worldwide at the comfort of their home.

Technology is considered a great equaliser for businesses since it offers cost-effective solutions as they tap into the global market.

By leveraging these technological advancements, businesses of all sizes can...

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