RS Accountants

5 hot tips on writing a blog…..

by Russell Smith | Apr 19, 2012 | General

Is there anything more self-congratulatory than writing a blog about writing a blog? Probably not. However, yesterday I wrote my 100th blog, I have written a blog every day for the past 91 days (except for one day that I was ill) so in a celebration of this fact (!)...

How Much Money Should I Take Out of My Business? Small Business Accountants Explain

by Russell Smith | Apr 18, 2012 | General

Ever caught yourself wondering about how much money you should take from your business, but not really sure how to answer? Our Leeds accountants offer up tips on how to do it properly. Being a contracted employee is easy. You do your work, then at the end of the...

8 hot tips on how to get more money from your bank manager….

by Russell Smith | Apr 17, 2012 | General

Banks eh? First they send you millions of letters with offers of new credit cards (circa 2005) then they crash under the weight of their own hubris and go to ground whilst taking all the money with them! The funny thing with banks is they are a business supplier, of...

Finding the limiting factors in the busines and doing something about them….

by Russell Smith | Apr 16, 2012 | General

Most businesses will be held back from growing in one way or another. There could be a million and one reasons for this but the one I am interested in is lack of understanding of the limiting factors. Let’s say you run a business and you turnover £100k a...

How long do you spend every month looking at your numbers?

by Russell Smith | Apr 15, 2012 | General

I had a really lovely dessert today. It was vanilla ice cream with a sprinkle collection of decaf coffee beans, hazel nuts and dark chocolate in a blender that I sprinkled on the ice cream and then topped it off with Canadian maple syrup. It was so good that I ate too...

This very simple thing could save your business, it could even save your life…..

by Russell Smith | Apr 14, 2012 | General

I finally got round to picking up a book that I wanted to read for a while last night, it is called ‘The Checklist Manifesto’ by Atul Gawande. Now you probably know what a checklist is but, like me, you probably don’t know the power that a checklist...

How giving to charity saves you tax….

by Russell Smith | Apr 12, 2012 | General

The political fallout on capping the tax relief available from charitable donations doesn’t seem to be going away. Lots of charities have said they are affected and Vince Cable, one of the strongest advocates for cracking down on tax avoidance, has spoken about...

The rumours aren’t true, I don’t do David Cameron’s tax return or any of the cabinet’s either….

by Russell Smith | Apr 11, 2012 | General

Wow! If, like me, you have a news feed for stories on tax (I’m guessing, unlikely), my emails have been positively filling up with fallout from the budget which was (unbelievably) 3 weeks ago. First, we had the granny tax issue, then pastygate (or whatever that...

Understanding your numbers part 3 – What is a balance sheet (again)? Or what happens if your business stops today….

by Russell Smith | Apr 9, 2012 | General

Yesterday I had one attempt at what a balance sheet was, here’s my second attempt….. If your business stops on the year-end date (the date that the accounts are made up to), the amount that would eventually be in your bank account would be the amount that...

Understanding your numbers part 1 – what is the profit and loss account?

by Russell Smith | Apr 7, 2012 | General

I thought I would write a short series of blogs on the basics of understanding your numbers in your business. I always think that business owners need more help from their accountants in helping them understand what their numbers are and what they mean for the future...