Blog | JR Management Accountancy

Business start up checklist

30 January 2024

To help budding entrepreneurs in and around Droitwich, we have compiled the following business start up checklist. This checklist outlines the essential steps business owners must consider when starting a new business. Write a business plan Outline your business goals, strategies, target market, and financial projections. Choose an appropriate business structure Decide whether you'll operate […]

What is minimum wage?

One of the significant changes to be announced in the Chancellor's 2023 Autumn Statement was the increase in the minimum wage levels employers are legally required to pay. These changes, which come into effect in 2024, could have a huge impact on businesses in Kidderminster, Redditch and across Worcestershire. National Minimum Wage vs. National Living […]

Do we need an accountant or a bookkeeper?

7 December 2023

Most businesses will be advised to engage an accountant to prepare tax returns and Companies House filings. But we are frequently asked by new businesses do they need an accountant, or do they need a bookkeeper. To answer that question, let’s first look at the difference between bookkeepers and accountants. In simple terms, your bookkeeper […]

Why use a local bookkeeper?

30 November 2023

In the digitally driven business world, it can be easy to assume that you don’t need to use a local bookkeeper. However, a local bookkeeper can be an invaluable resource for your business. This blog post explores why businesses should opt for a local bookkeeper rather than relying on out-of-area bookkeepers or automated solutions. Personalised […]

What is cash accounting for VAT?

27 October 2023

Are you a business seeking advice on cash accounting for VAT in Kidderminster or Bromsgrove? As an accountancy practice that provides bookkeeping and VAT services, we regularly receive queries about VAT. This article looks at a specific area, namely cash accounting for VAT. What is cash accounting for VAT? Firstly, here's a quick explanation of […]

What is a cashflow forecast and how can bookkeeping help?

28 September 2023

A cashflow forecast is a financial planning tool businesses and individuals use to project their likely inflows and outflows of cash over a specific period, typically ranging from a few weeks to a year or more in the future. The primary purpose of a cashflow forecast is to predict how much money will be available […]

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