With the introduction of new EU Vat rules and regulations, and the never-ending twists and turns that all UK tax regulations take, bookkeeping expertise becomes evermore technical and challenging. Not only do we need to be aware of and understand all new and changing regulations, but we need to be skilled in the use of an increasing array of front and back office software packages that deliver all the pieces of the jigsaw puzzle that when put together in the right places delivers and illustrates the financial health check of your business.
Treat your bookkeeper with respect! – Bookkeeping is not an administrative task involving processing paperwork, but a skilled profession that demands more respect and recognition than many business owners give it credit for. A good bookkeeper will help you manage your business more efficiently, offer you support and advice, and will become a vital part of your core team.
Too many business owners consider this side of their business as unimportant, that they can do themselves when there is nothing better to do (which is never) or is a clerical job that can be done by junior staff who manage the filing. Years later they understand their mistake when they pay large sums of money to a professionally trained accountant or bookkeeper to sort out the mess, and more large sums to the government in penalties and interest on statutory liabilities that have been neglected or ignored.
