Accounting

Many people view paying an accountant as just another outgoing, another necessity that is paid begrudgingly along with utility bills, tax, business rates and the like. This perception is fundamentally wrong as so much of an accountant’s role is geared towards saving businesses money. In most cases, a good accountant will save a business more […]

Management accounts differ from a regular set of accounts in that they provide up-to-date financial information as and when you need it, rather than once a year in your annual accounts. Every limited company must file a set of accounts with companies house following the end of each financial year. This is a statutory requirement, […]

All business owners will at some point ask themselves this question: Do I need an accountant? It’s an important question to ask, and an even more important one to answer. Whether or not you need an accountant depends on several factors such as the size and type of your business. If, for example, you’re a […]

There is an important change that you need to be aware of, coming into effect on 1st October 2019. This change will affect any business that is CIS and VAT registered or that pays suppliers that are CIS and VAT registered. The new legislation is aimed at shifting the VAT liability on building and other […]

Is there a difference between bookkeeping and accounting? The short answer is yes, though there are similarities, so you would be forgiven for thinking they’re one and the same. Both accountants and bookkeepers work with financial data, the difference between the two lies in the way in which they work with this data. A bookkeeper […]

The accountancy industry is typically seen as a traditional sector, so you’d be forgiven for thinking that the accounting industry isn’t very “techie”. This couldn’t be further from the truth. Accountancy firms are often responsible for portraying a traditional, old-school image which leads many to think that technology plays a small role in the accounting […]

In this blog, we’ll be examining a public case study that highlights the importance of keeping good company records. Recently, the director of a construction and civil engineering company based in Glasgow has received a six-year ban for failing to keep adequate company records. David Simpson Duffy, the director of Annick Structures Ltd (ASL) has […]

The accountancy industry is changing. The role of a modern-day accountant is very different to what it used to be, this is largely down to the advent of cloud accounting. Cloud accounting has completely changed the industry, tasks that your accountant might once have performed can now be automated. Fortunately for us, we saw this […]

The relationship between Client Managers and our clients has always been at the forefront of our corporate culture, it is the driving force behind both our own and more importantly, our client’s success. We firmly believe that we owe much of our success and reputation to the fact that our Client Managers are the sole […]

Louise Tiller, a Bookkeeper here at Aston Shaw explains how you can still benefit from having a Bookkeeper even if you already have an Accountant. In short, the answer is YES! Your Accountant finalises your accounts on a quarterly and yearly basis while your bookkeeper analyses your data on a weekly or monthly basis, communicating […]