Enterprise Chartered Certified Accountants

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Accountancy Myths: Busted

The accounting profession is shrouded in mystery as for many years the approach has been to keep clients in the dark as to how things work, as that’s how accountants charge their fees.  Even now, some still refer to our profession as ‘the dark arts’, but in this article we are looking to bust and debunk a number of common myths.

  1. The accountant will sort it out – We are good, but we are…

Employees are friends, not food!

My apologies to Pixar Studios for plagiarising the line from Finding Nemo but it set me thinking about how we view, perceive and treat our employees who by collective agreement are the biggest asset we as business owners have.

But like many ‘assets’ we have attempted to regularise, codify and standardise our approach to employees in a way that now has an industrial feel with verbs like expendable, replaceable and obsolescence attached to them.

I would…

De-jargoning the Jargon…

jargon1

ˈdʒɑːɡ(ə)n

noun

  1. special words or expressions used by a profession or group that are difficult for others to understand. “legal jargon”

Accountants love jargon

It makes us feel special, important and like we hold the keys to a secret that only we and other accountants understand. Also, if you want us to decipher the jargon we will have to charge you!

Now that has been the thinking of…

Can I still pay cash?

Up until a couple of weeks ago this might have sounded like a rather silly question, the great British pound bearing Her Majesty’s face is still the legal tender of the realm isn’t it?

But no longer such a silly question as politicians have only been ‘thinking’ again and have ‘opinions’ about cash.

The proverbial wrong tree that they are barking up is often barked up at by HM Revenue & Customs and to some…

How to know if your accountant is ‘The One’

There are few relationships in life as critical as the one you have with your accountant. In fact, finding the right accountant can be a treacherous dating game in itself.

It’s important to learn as much as you can about your prospective accountant to ensure you’re compatible. As well as asking the right questions you need to ensure whoever you work with shares your goals, want (metaphorical) children one day? Make sure they do to, or it’s likely…