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

Posted:

Exeter Business

4 reasons why entrepreneurs are relocating to the countryside around Exeter

When the Covid-19 pandemic hit lots of entrepreneurs left Exeter and other big cities to live in the countryside. For some, this was because they wanted temporary respite as the pandemic swept through densely populated areas. For others, their reason was not linked to the pandemic at all. Here are the four reasons why.

Better commuter links

Exeter St. Davids Railway Station has direct train links to London Paddington and London Waterloo through train operators South West Trains and Great Western Railway. You can cover the 170-mile journey in just two hours and 10 minutes...

Tips for choosing a custom clothing label company

Custom clothing labels are used inside of your brand's clothing design. They mostly contain your logo, and you can decide what it will look like, from its shape, font, and even the frame.

With this, you can let customers know that you're the brain behind your creation and give it the credit it deserves.

No matter the type, these labels give your brand a clear identity that separates them from others.

It convinces your customer's reasons they should choose you and not your competitor, creating a professional look for your product. It allows you to communicate...

Businesses come together to combat fraud at the re-launched South West Fraud Forum

Authored by News Desk
Posted: Fri, 11/19/2021 - 11:31am

The Police, banking sector and local fraud specialists have come together to re-launch The South West Fraud Forum – an organisation dedicated to helping prevent businesses and individuals becoming victims of fraud.

Helen Gregory, Forensic Director at Milsted Langdon, is part of the steering group that has re-launched this initiative, which will hold its inaugural meeting on 2 December.

This webinar event will set out how SWFF can help businesses, as well as hearing from keynote speakers, including:

  • Mark Shelford, Police and Crime Commissioner for Avon
  • ...

How to improve your SEO ranking

Authored by Frank Parker
Posted: Thu, 11/18/2021 - 10:39pm

There has been a dramatic shift in marketing since the dawn of the digital age and now marketing is nothing like it used to be. The world has shifted from traditional media-driven marketing to a completely online strategy that mainly comprises social media. The reason for this shift is because technology has shifted people's interest from the physical world into the digital world and now more and more people spend most of their time connected to their technology devices, spending hours a day on the internet. Digital marketing helps with brand development by connecting you to your...

HMRC warns customers about Self Assessment tricksters

Authored by Mary Youlden
Posted: Thu, 11/18/2021 - 10:29pm

As HM Revenue and Customs (HMRC) prepares to issue emails and SMS to Self Assessment customers, the department is reminding them to be on their guard after nearly 800,000 tax-related scams were reported in the last year.

Fraudsters use Self Assessment to try and steal money or personal information from unsuspecting individuals. In the last year alone, HMRC has received nearly 360,000 bogus tax rebate referrals.

The Self Assessment deadline is 31 January 2022 and customers may expect to hear from HMRC at this time of year. More than 4 million emails and SMS will be issued...

STR Logistics Limited is the latest company to join Palletways

Gateway to the South West: STR Logistics joins Palletways

Exeter-based haulage operator, STR Logistics Limited is the latest company to join Palletways, Europe’s largest and fastest growing express palletised freight network which is part of JSE-listed Imperial Logistics (Imperial). STR Logistics will operate pallet handling and distribution services across the English Riviera and surrounding areas of Teignmouth and Newton Abbott for Palletways and its customers.

Anthony Quinn, STR joint managing director/owner, said: “Palletways has significant, well-defined domestic and pan-European distribution routes which we know will add value to...

What are the benefits of hosting a virtual event?

Authored by Liv Butler
Posted: Wed, 11/17/2021 - 3:47pm

The coronavirus was an unprecedented global event, with unprecedented effects on business during the worst of its ravages. But it has undeniably reshaped the future of business , in some cases for the better – hybrid working has become a new normal, and larger companies are re-evaluating their relationship with intensive business travel. But how can you reach a diverse base of colleagues and clients alike, if in-person events are going to decline in popularity? The answer may lie in the digital realm – and here are five reasons why.

Remote Access

In-person events incur...

Old Mill announces plans to double staff numbers by 2026 and become fastest growing professional practice in the West Country

Accountancy and wealth management firm Old Mill has announced an ambitious five-year growth plan including an aggressive recruitment campaign that will double staff numbers by 2026.

Old Mill, which currently employs 320 people from its four offices in Chippenham, Exeter, Wells and Yeovil, has undergone a major restructure which brings all aspects of the business together into a single multi-service advisory firm.

Kevin Whitmarsh - currently head of accountancy - has been appointed in the new role of CEO while current MD Ian Carlson becomes CFO. A new Chairman and two non...

Exeter Chamber welcomes two new board directors

Exeter Chamber held their annual general meeting at Exeter College on Monday 8th November, where two new board directors were officially appointed. Patrick Tigwell of Thomas Westcott Chartered Accountants replaces Laura Seaward as Treasurer and Charlotte McGregor of Wollens Solicitors replaces Laura McFadyen as a representative from the legal sector. The new appointments will contribute to the leadership and strategic direction of Exeter’s leading business membership organisation.

Patrick Tigwell, a chartered accountant for over 25 years, is Partner and Head of the Exeter office...

Awards success for Trowers & Hamlins in Exeter

Authored by Mary Youlden
Posted: Wed, 11/17/2021 - 12:25pm

Top 40 law firm Trowers & Hamlins' Exeter office has recently enjoyed positive outcomes at both the National Paralegal Awards and the South West Property Awards.

In what was an incredibly successful night for Trowers at the recent National Paralegal Awards, Exeter-based Harvey Lavis was highly commended for his work in the Best Civil Litigation Paralegal category.

Harvey said: "I was thrilled to have been recognised for my work at the National Paralegal Awards," said Harvey "Our Exeter office is full of passionate individuals who are committed to making a difference...

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