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...

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Data privacy is the new black

Almost every website on the worldwide web runs on cookies. In fact, chances are that the website where you have found this article is also running on cookies. Cookies help make the browsing experience more pleasant, e.g., by remembering your information for autofilling form fields or by saving the items you have put in the shopping cart.

Statistics and marketing cookies make up the majority of cookies, and for a long time, website users had no control over what kind of data was collected about them or what happened to that data. However, with the enforcement of data privacy laws...

South West survey will uncover how businesses’ use of technology has changed since the pandemic

In a new survey, small and medium sized businesses are asked how the pandemic has impacted their use of technology.

In addition to revealing the technologies most favoured by SMEs, the data gathered in the ‘Time to Deliver' survey will uncover insights around businesses’ approach to technology, how many have a strategy, and how effective it is in delivering against objectives.

The study has been launched by Devon-based tech company Timewade in partnership with award-winning chartered accountants Bishop Fleming as part of the ‘Technology for Success’ programme, which...

Creating a comprehensive training document: 13 ways to make onboarding easy

Onboarding can be challenging for both the new employee and the person tasked with completing the onboarding process. Creating a training document to aid onboarding can be invaluable to ensure that the new starter has the best beginning to their time with your company. It is essential to prepare properly in advance of the new employee beginning work.

Creating a comprehensive training document can be invaluable to help a new starter find their feet. It can also be a document that can be used again and again as the business takes on new people. Here are some of the crucial things...

Foot Anstey welcomes IP, IT and data protection expert to its Partnership

National law firm, Foot Anstey, has announced that IP, IT and data privacy lawyer, Ashley Avery, will be joining as a Partner in its Commercial team. Ashley will be advising clients on complex data privacy and confidentiality issues, brand protection and exploitation and software development and licensing matters.

Ashley joins Foot Anstey from City firm Travers Smith, where she was Senior Counsel in the Commercial, IP and Technology Department. Whilst at Travers Smith, Ashley worked with a number of high-profile clients across the technology, pensions, retail and financial services...

What are the pros and cons of management buyout?

A management buyout is where the ownership party of a company sell the business to members of the management team. Getting advice before a management buyout is essential for extracting the right value. Below we explore the pros and cons of management buyout.

Pros

Faster

The sale process should go faster than usual. Although there are still plenty of legal complexities to sift through, due to the existing relationship between management and ownership, it should be easier to progress.

Easier to find a valuation

A management buyout should make it...

Celebrating Social Enterprise Day in Devon – 11th November 2021

Free business coaching available for Devon businesses

11 November is Social Enterprise Day – a day to celebrate the impact and achievements of social enterprises in the UK and around the world.

One Devon charity is supporting this growing sector in the region by providing free business coaching to start-ups and small businesses, including social enterprises.

Devon Communities Together is an independent charity that supports people and communities throughout Devon. It is currently providing free business coaching to start-ups as part of its New Start Devon programme, which...

Devon's exemplary development schemes scoop prizes in prestigious property awards

Five Devon buildings were awarded prizes at the Michelmores Property Awards 2021, held on Thursday 4 November at Sandy Park in Exeter. The prestigious Awards are now in their 19th consecutive year, and recognise and celebrate the very best property and construction schemes in the South West, as well as the teams involved.

As well as the awards given to the build projects, the John Laurence Special Contribution Award was given to Andrew Maynard, a well-known face in the Devon business community. Andrew established the Michelmores Property Awards in 2002, and has played an...

Together For Our Planet campaign announces Devon’s award-winning green small business

A Devon brewery business has been announced as a finalist in the Heroes of Net Zero competition held at a special awards ceremony hosted by Intuit at the COP26 international climate change summit in Glasgow.

More than 160 businesses entered the competition, making a commitment at the UK Business Climate Hub to achieve net zero by 2050, in line with the government’s own climate commitment.

The brewhouse, based in Staverton, Devon, was shortlisted in the micro business category for demonstrating a range of measures taken on their journey to net zero, including using...

Three Devon businesses win top Amazon Rural Awards

Three companies from Devon have been named as some of the best rural businesses in the country after winning at the regional heat of the Rural Business Awards.

Apricot Centre CIC from Dartington, Rull Orchard Ltd from Thorverton and The Outdoors Group from Shillingford Abbot all scooped prizes at the South West regional finals of the Rural Business Awards in partnership with Amazon, which took place virtually this year.

Apricot Centre CIC from Dartington was named Best Rural Social Enterprise, Charity, or Community Project
Rull Orchard from Thorverton

Tilney Smith & Williamson continues investment in Exeter office with appointment of experienced Financial Planner

Tilney Smith & Williamson, the leading wealth management and professional services group, has appointed Neil Thornton as a Financial Planner based in its Exeter office as part of the firm’s continued expansion in the West Country. The news follows the recent appointment of Will Matthewman as an Investment Manager, adding a locally based investment management capability in Exeter for the first time.

Neil brings to Tilney Smith & Williamson more than 25 years financial services experience. He joins the firm from Aviva, where he has worked as a Financial Adviser in Devon and...

Business

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

Data privacy is the new black

South West survey will uncover how businesses’ use of technology has changed since the pandemic

Creating a comprehensive training document: 13 ways to make onboarding easy

Foot Anstey welcomes IP, IT and data protection expert to its Partnership

What are the pros and cons of management buyout?

Celebrating Social Enterprise Day in Devon – 11th November 2021

Devon's exemplary development schemes scoop prizes in prestigious property awards

Together For Our Planet campaign announces Devon’s award-winning green small business

Three Devon businesses win top Amazon Rural Awards

Tilney Smith & Williamson continues investment in Exeter office with appointment of experienced Financial Planner

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