RS Accountants

The most complicated tax….EVER

by Russell Smith | Jun 26, 2012 | General

Becoming VAT registered is a special day for most businesses. When I say, special, I mean special in a bad way. You have to put your prices up to include the VAT even though it doesn’t benefit the business and you have a whole new layer of administration and...

You are your business 24/7

by Russell Smith | Jun 23, 2012 | General

I remember being at primary school and one of my fellow pupils had done something against school rules. Nothing unusual but this time the misdemeanour had been committed outside of school. He got really told off by the teachers since they said he had ‘brought...

Reconciling bank accounts – the many hours of fun I have had in my career

by Russell Smith | Jun 22, 2012 | General

When we prepare a fixed price agreement for a potential client we are usually able to give them a quote in the meeting after asking 3 questions. The questions are: 1) What is your turnover? 2) What is the quality of your accounting records? 3) What services do you...

Using a default diary – a great time investment tool

by Russell Smith | Jun 21, 2012 | General

We all know that time can’t be managed. Time just goes on whether we like it or not. All we can do is to choose which activity to invest time in. Once time has gone, it’s gone. With this in mind, it is obviously critical that as business owners we invest our...

Overcommunicating your vision to the team….

by Russell Smith | Jun 19, 2012 | General

There comes a time to any business where it becomes more than the day to day operational activity. That day may come right at the beginning of a business life or it may come at a much later stage. This mostly depends on the business owner. Operational activity gets...

Is consistency better than quality?

by Russell Smith | Jun 18, 2012 | General

I haven’t been to a McDonalds for years (my strict dietary requirements prevent me!) but I’m still fascinated by the company and its fast growth. Pick up any business book and you are sure to see McDonalds used as a shining example of business growth...

Finding your flow in your business

by Russell Smith | Jun 17, 2012 | General

Sometimes, running a business can seem like a slog. Other times, it is easy. You can do it with your eyes shut. I’ve just finished an interesting book by Roger Hamilton called ‘Your life, your legacy’. It talks about 8 wealth building profiles...

The trick to saving tax is planning….

by Russell Smith | Jun 15, 2012 | General

There’s a statistic which is routinely said by people who are able to write wills for people. The statistic is that only 1 in 3 people have a will which obviously means that 2 in 3 people don’t. If I was a will writer, I too would regularly say this...

We are looking for a new accountant to work for us….

by Russell Smith | Jun 14, 2012 | General

I thought I would blog our most recent job spec to see if any of our blog readers know anybody who fits the bill. Here it is…. Accounts Senior – ACA/ACCA newly- qualified accountant (0 – 2 years qualified), Firm of Chartered Accountants, Leeds. A fantastic...

Are you taking out money from your company in the most tax efficient way?

by Russell Smith | Jun 14, 2012 | General

I’m doing my quarterly new client success training event – ‘everything you need to know about your accounts and tax in 2 hours’ on 3 July, for all our new clients. I really enjoy doing this training because it gives me a chance to answer lots...