Posts Tagged :

Small Business Accountants

Do I Need An Accountant | Accountant Advice Bristol | Business Accountancy Help
Do I need an accountant? 758 513 Stepping Stones Accountancy

Do I need an accountant?

At some stage, a business owner will inevitably have asked themselves the question, “do I need an accountant”? They will all have also found themselves unsurprisingly faced with the answer, “yes, I do”. No matter what stage your business is at, an accountant can offer help, support and guidance.

From the outset

At the initial start-up phase of a business an accountant can offer support for:

  • Helping to finalise business plans – giving advice and feedback on business direction, goals and funding.
  • Business structure – providing recommendations on how to structure the business to become a sole trader, private limited company, public limited company or limited liability partnership.
  • Licenses – advising what business licenses you need to set-up and what your legal obligations are in relation to monthly, quarterly and annual accounts.
  • Accounting software – advice and recommendation on the best type of software to use along with feedback on what modules would be most beneficial.

Tax and compliance

Throughout the life span of a business there will be a requirement to seek specialist tax and compliance guidance such as:

  • VAT – giving guidance on when to start charging VAT or if already on the scheme whether to continue.
  • Payroll – helping to keep on top of all payroll commitments and ensuring wages / compliance matters are correctly adhered to.
  • Reporting – providing support in relation to tax liabilities, regular reporting processes, creditors, and debtors.

Small business support

All small businesses will benefit from meeting regularly with an accountant. They can assist with:

  • Being smart – having some expert advice on hand to help make smart decisions, especially during key growth stages helps to avoid costly mistakes.
  • Liabilities – as a business grows so does its liabilities, making sure you recognise what these changes will be and how to account for them requires specialist help.
  • The bigger picture – business owners can often become consumed in day-to-day activities and unable to recognise blind spots within the business, an accountant can help with seeing the bigger picture to assist with ongoing growth.

If you are looking for some specialist accountancy support both for you and your business, then please feel free to call us on 01173 700 079 or e-mail

The Power of Diversification | Accountancy Support for Diversification | Helpful Accountant in Bristol
The Power of Diversification 758 513 Stepping Stones Accountancy

The Power of Diversification

In today’s ever-changing landscape many businesses have had to take the approach of adapt or face the harsh reality of closing their doors. This is especially true for the retail sector.

For example, the local fruit and veg supplier with a small shop on the high street will testify that they had to be innovative and resilient in order to survive. With everybody locked down and shops closed nobody was able to call and shop for their fresh fruit and vegetables, instead they had to diversify and accept orders online and via telephone, then deliver door to door.

Very quickly they had to put in place a simple online ordering system which customers could use and then plan a logical delivery route in order to efficiently fulfil the orders. After 1 week the shop had tripled its orders and were asked if they could expand their product range to include other items. So, in order to meet the demand, they were able to introduce an additional 200 products to their range.

The long-term future also looks bright and the shop has opened its doors again which means that not only can it can now offer more products, it provides customers with the choice of purchasing face to face, via telephone or online and can deliver to homes within a 15-mile radius. All of which they had not even considered prior to COVID-19.

The one area that really helped the shop was the role of their accountant. They spoke at great lengths with their accountant who provided advice, recommendations and guidance on what to do and what would be needed in order to meet the demands of a varying client base. Any small business needs to be surrounded by good people and an accountant can become a very valuable business partner both in good times and bad.

If you own a business and are thinking about diversifying, then our team would be delighted to answer any questions. Please call us on 01173 700 079 or e-mail

    Your Name (required)

    Your Email (required)