RS Accountants

Do you play games on your smart phone?

by Russell Smith | Jul 8, 2012 | General

I read a superb article this morning in SUCCESS magazine July issue about the multibillion dollar industry that is the games industry. A business sector that is very difficult to stay on top of for long – Atari, Sega, Sony, Microsoft, Nintendo and now Apple...

Beware of the those large cash hits

by Russell Smith | Jul 7, 2012 | General

One of our services that we often provide is cash flow forecasting. Cash is the lifeblood of any business, the oxygen. With it, you are in business, without it, you’re not. Cash flow forecasting could be fairly straightforward. You know when you are paying...

How big are you thinking your business should be?

by Russell Smith | Jul 6, 2012 | General

I have a friend with a very big business. Millions of pounds turnover, hundreds of team members, a very successful business. If you were to listen to our conversations where I would be talking to him about my own business issues and questions you would be struck by...

Which accountancy package should you use in your business?

by Russell Smith | Jul 5, 2012 | General

One of the most common questions I get asked is which accountancy package is most appropriate to use in a business. There’s basically 5 options: 1. Excel spreadsheets Many people when they start a business will start on Excel spreadsheets. Nothing wrong with...

Five Simple But Brilliant Team Building Activities

by Russell Smith | Jul 4, 2012 | Business, General

Looking for some business advice? Here’s ours: Team Building is one of the best investments you can make Team building is one of the cornerstones of a successful working dynamic, and time put into ensuring staff can get on and work together well is an...

The magic number – £42,475

by Russell Smith | Jul 4, 2012 | General

If the meaning of life is 42, the magic number in tax planning is £42,475. £42,475 is the amount you can earn up to before you get into the higher rate. If you earn less than this now you are in the basic rate which is 20% income tax, go above and you are paying 40%...

Being busy doesn’t mean anything!

by Russell Smith | Jul 1, 2012 | General

It’s funny how when you meet other business owners or other people at networking events that one of the first questions we ask each other is ‘are you busy?’ The answer of ‘yes’ is recognised as a good answer and ‘no’ as a bad...

Are your team leading to your greatness?

by Russell Smith | Jun 30, 2012 | General

If I was to think about the succesful business owners that I know personally, some clients, some not, I would be able to come up with some common characteristics despite the businesses themselves being in different sector and despite the business owners being...

Which VAT method should you go for?

by Russell Smith | Jun 28, 2012 | General

So here it is….the last part in my VAT trilogy. I’ve enjoyed writing it, I hope you’ve enjoyed reading it. To all you VAT specialists out there, feel free to comment on the blog and after, let’s get together and have a VAT party where we can...

The difference between normal VAT accounting and flat rate VAT

by Russell Smith | Jun 26, 2012 | General

As you know, if you’ve read my blog yesterday, I got very excited about VAT. So here’s some more on VAT and the different ways of accounting for it. If you have started off in business you don’t need to register for VAT until your sales hit...