A recent YouGov poll of 5,000 self-employed people and freelancers revealed that 3 out of 4 of them don’t claim all their expenses and nearly 20% claim less than half or none at all!
At Tyrrell and Company, we’ve always put sound, insightful business advice right at the heart of our client relationships. It’s in the DNA of the firm. And we’ve always dreamed of having a software system that could deliver the quality numbers and data needed to deliver truly first-rate reporting, forecasting and guidance to our client base of ambitious business owners. So you can imagine how blown away we were when we first saw how Xero online accounting software could deliver on this long-held dream.
If you see your advisers once a quarter – or worse still, once a year – then you don’t have the right kind of depth to your advisory relationship.
You need more frequent contact and a more productive working relationship with your accountant. By meeting and talking regularly makes a big difference between a ‘traditional accountant’ and a ‘modern cloud-based accountant’ – a good, 21st-century accountant is a trusted business adviser, not a dull bookkeeper.
Too many businesses survive with one eye on their bank balance and another on an ever-growing pile of bills to pay. They survive, day to day, but there’s no stability, no profit and definitely no foundation for growth. And this kind of short-termism can be fatal for a number of reasons: