Welcome to the Nicki Paddy & Co. Blog.
We are regularly asked questions by our clients, the answers to which are often pertinent to other clients and SME’s. So in a bid to make useful information freely available, we seek to answer the most regularly asked questions or provide some ideas about managing the perennial issues faced by SME’s and growing companies.
If there is a subject you would like us to consider, please contact us.
8th September 2020
You might assume that the default approach for a bookkeeper or accountant in relation to technology is ‘cautious’ – after all we have to work with HMRC and Companies House, both of whom have historically been rather slow to adopt digital strategies. But being cautious and being proactively safe where IT is concerned are very […]
7th August 2020
2020 may be the first time that your business has recorded financial losses. But assuming that recovery is possible, you have to consider this as a single step on a longer journey. For many businesses and self-employed individuals, keeping track of accounting procedures during the Covid crisis will have been a challenge. Whether managing increased […]
1st October 2019
No, I am not attempting to clear the decks of my clients, I am talking offers and how best to handle them in your accounts. If you sell products and run discounts and offers to your customer base, how you reflect these in your accounts can have an impact on profit margins and your long-term […]
11th September 2019
As business owners sometimes do, I sat down the other day and looked at the state of the business – what I do, who I do it for – and then compared this to the same picture last year and a number of years prior to that. What was clear to me was the fact […]
14th August 2019
It’s Wednesday 16th January and I have decided to keep a track of a bookkeeper’s day. It’s 0620 and this is the week where the period I refer to as self-assessment silly season really kicks in. I have got 12 more working days before the tax return submission deadline but that assumes no weekend working! […]
13th April 2018
The accounting software industry has flourished over the last decade with start-up companies and SME’s investing in online, easy to use accountancy tools that can be accessed on the go. But, is this something your business needs? With the introduction of the Making Tax Digital initiative by Government, all companies will ultimately be required to […]
A business partner recently asked me why I use Xero, Quickbooks and Sage (amongst others) to run my clients accounts, instead of picking one and moving everyone onto that system. A good question and from a purely selfish practical perspective moving to a single system would be heaven, but it’s not that simple. As I […]
23rd November 2017
Fostering Referrals Those of you that know me and work with me know I value good marketing as a key part of running any business. You can be the best at what you do, be able to save clients millions of pounds or have invented the greatest thing since the bread slicing machine, but if […]
ICB Summit There are bookkeepers and then there are bookkeepers and the ICB is the industry membership body that brings together those with formal qualifications and certification in bookkeeping. They then hold an annual summit, enabling the members to come together, learn, share best practice and enjoy industry updates. I always find this summit very […]
14th March 2017
To many, bookkeeping is just a process which is applied to all businesses and to some extent, they are right. But what makes each set of books intriguing and engaging to us bookkeepers and accountants, is a combination of the business demands of the sector they operate within, combined with the nuances which make each […]