RS Accountants

How I became a chartered accountant….(slightly more interesting blog than appears, but only slightly)

by Russell Smith | May 9, 2012 | General

I don’t want to totally bore you but to illustrate my point for this blog, I’ve got no option but to give you my complete educational history of how I become a chartered accountant! I started school at 5 and was the second cleverest child in my school. It...

How to pay tax at 10%

by Russell Smith | May 8, 2012 | General

If I was to ask you, “what rate of tax do you pay”, you probably wouldn’t answer 10% (because the chances are that is not the correct answer). However, there is a way to only pay 10% and it is relatively simple (although not easy!) The government...

When the numbers don’t add up: identifying the parts of your business that are unprofitable

by Russell Smith | May 5, 2012 | General

If you look at your profit and loss account, you’ll clearly see your sales, expenses and profit. What you don’t see on a basic profit and loss account is the division between the different products and services that the business offers. Most businesses...

How many coffees should you make for your colleagues?

by Russell Smith | May 4, 2012 | General

A few years ago, I was spending some time in America with my American family. We were sat around in the sun in a garden eating burgers chatting about our work and work place etiquette. Now if there’s one thing that’s true about Americans is that they...

5 ways to grow your business….

by Russell Smith | May 2, 2012 | General

There are lots of business models out there on how to grow your business. One of my favourites is the 5 ways model by Brad Sugars of actioncoach. This is a simple way of looking at your business and highlighting the 5 levers you can pull to increase your profit. ...

I believe that my waistline is expanding but I’m not sure why….

by Russell Smith | May 1, 2012 | General

Today, one of my team members who will remain nameless (actually I will name him – it was Hahtem!) mentioned, right in the middle of a conversation about something business related, that my waistline had expanded in the last couple of weeks. My wife this evening...

What Ben & Jerry can teach you about pricing….

by Russell Smith | Apr 28, 2012 | General

Pricing is a massive area in business that is often ignored by many business owners. This can be a huge mistake since it can be the difference between making a profit or making a loss. When they started, Ben and Jerry were making their ice cream for three years...

4 Amazon Kindles, 1 Apple ipad and your tax return…..

by Russell Smith | Apr 27, 2012 | General

Every year I rack my brains to come up with a way to entice my clients to send their tax return information to us as early as possible. There are lots of great reasons to get your tax return to your accountant quickly. Firstly, you can get access to your numbers...

3 yipping marvellous tips from a networking dog

by Russell Smith | Apr 24, 2012 | General

An interesting thing happened this morning. I have been part of a BNI networking group for 3 and a half years and the thing that happened this morning was definitely a first for me and for most of the group. During Andy Simpson’s 10 minute presentation (from...

You can’t increase your profits…..

by Russell Smith | Apr 22, 2012 | General

Have you ever sat down and thought ‘you know what, its been a good year but next year I want more, I want a bigger profit increase”. If you are a business owner that’s committed to business growth, you’ve probably said something similar. ...