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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Trading Standards wins national award for supporting farmers during pandemic

Authored by News Desk
Posted: Thu, 10/21/2021 - 3:40pm

Trading Standards has been nationally acclaimed for a ground-breaking project which focuses on farmers' mental health and strengthens links with rural communities.

The Heart of the Southwest Trading Standards Service (HotSW TS) covers Devon, Plymouth, Somerset, and Torbay and was awarded the Chartered Trading Standards Institute (CTSI) Hero Award for best project in London this week.

On behalf of the CTSI, Exeter MP Ben Bradshaw presented the award to Nikki Rattenbury, Rebecca Barker and Samantha Younger for the Mental Health & Wellbeing in farming communities’...

How to hit the ground running with your startup

Authored by Liv Butler
Posted: Thu, 10/21/2021 - 2:50pm

As a startup, you will want to do all that you can to hit the ground running. Not only is this so that you can start to bring money into the company and make a name for yourself, but also for peace of mind. You hear many stories of startups struggling to get going and folding before they have even had a chance to succeed, so launching a startup is always a stressful and daunting time. While there is no recipe for success, there are a few steps that you can take that will increase your chances of hitting the ground running and finding some early success.

Find Ways to Stand Out...

Foot Anstey completes acquisition of shares for Simply Conveyancing

The corporate team at national law firm, Foot Anstey LLP has advised Simply Conveyancing, which is backed by private equity firm Livingbridge, on the acquisition of Pirie Palmann.

Foot Anstey supported on all legal aspects of the deal, assisting Simply Conveyancing in acquiring the entire issued share capital of Peterborough-based Pirie Palmann Holdings Limited. The acquisition is part of an ambitious growth drive that will see Simply Conveyancing become one of the largest conveyancing practices in the UK.

Simply Conveyancing is a leading firm of property lawyers in England...

Digital Skills and Support for Devon Businesses

Authored by News Desk
Posted: Wed, 10/20/2021 - 9:57pm

With thanks to funding from regional and local authorities, there is now a real wealth of free, high quality digital training, advice and support for businesses and charities based in Devon.

Organisations can benefit from up to 12 hours of digital training and support right now, which can include digital training workshops and one-to-one advice. A team of Digital Business Advisors can review your website and explain how to get more visitors and boost sales; show you how to reach new markets with digital marketing; and, advise you on the best software to improve your productivity...

National award for Exeter accountant

Authored by Mary Youlden
Posted: Wed, 10/20/2021 - 12:26pm

Keran Fletcher, an assistant accountant at Bristol Street Motors Renault Exeter, has been recognised for his exemplary performance with a national award.

He received the Masters Respect Award – awarded to the colleague who consistently demonstrates outstanding levels of respect in their role.

Keran was nominated by general manager at Bristol Street Motors Renault Exeter Daniel Mann who stated that “Keran is a role model employee. Not only is he currently undergoing his Vertu Motors training programme to become an accountant, but he has also taken on the role of health...

Selling online? Here’s what you need to know about taxes

Authored by News Desk
Posted: Mon, 10/18/2021 - 10:16pm

With online shopping becoming more and more popular, e-commerce and online business start ups are growing at a rapid rate. In fact, according to the Business Data Group, the UK’s e-commerce start-up sector is booming at levels not seen before.

Its research showed that in the week before the UK’s COVID-19 lockdown was announced, more than 500 e-commerce start-ups were formed. Five weeks later, that figure had risen exponentially to almost 1,300 e-commerce start-ups per week – around 800 more than the same week in 2019.

If you own an e-commerce business, or you’re thinking...

Exeter Business

The 5 businesses headquartered in Exeter that you need to hear about

Exeter has become a lucrative location for those looking to start up or headquarter their business in recent years. Nearby to major air and rail terminals, linking the town to London and beyond, Exeter is home to huge holdings companies that collectively have tens of millions of pounds under management. This trend is only set to grow, so we thought we’d share with you some of the companies that have set up shop in Exeter, contributing jobs and investment into the local area.

Pennon Group

Who would have thought that Exeter would be home to one of the country's most...

Legal tips for starting a food truck business

Authored by Val Watson
Posted: Fri, 10/15/2021 - 9:47pm

If you are thinking about starting a food truck business, there is going to be a lot you need to learn before you can open the window. We are not talking about what food and beverages to serve. We mean looking at the laws and regulations in your chosen location.

There is no doubt that there are a lot of advantages to having a food truck business. From being able to move around to lowering your bills and outgoings, if you work hard, it can be a very profitable business. But, let’s start by looking at some legal tips that are going to help your new venture take off.

Keep...

Transport Statement: What you need to know

Authored by David Banks
Posted: Fri, 10/15/2021 - 2:58pm

Most of the new property and land area developments, including modifications or redevelopment-based changes will have some kind of transportation guideline implications. Considering statutory and town planning policy importance (especially the ones with links between land use and corresponding transport layouts), there will definitely be a change impacting development project proposals. This specific change must be identified upfront and addressed early in the project planning process to avoid transportation and movement issues later.

While doing such an assessment, preparing the...

The Oldest Company in 58 UK Cities timeline

A Close Look at Exeter’s Oldest Business

Starting a new business is tough. And it's a risk that rarely pays off. The vast majority go under within five years, while the average lifespan for an S&P 500 company is now less than 20 years. But there are exceptions. And in this case, researchers from BusinessFinancing.co.uk decided to find them. Using data sourced from Companies House, they put together some lists of the UK's oldest running businesses . It includes banks, publishers, shipping companies, and an Exeter-based firm that's been doing business for over two centuries.

Exeter's oldest company

In 1750...

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