So you have a great idea and think that it would make a great business.  FANTASTIC, you are the type of people Balance Accounting Solutions love to talk to.

You are enthusiastic, full of energy and raring to get the business off the ground.  But when it comes to finances, do you know where to start or who you should tell?

Well at Balance Accounting Solutions we can offer you guidance all the way.  Once we have heard what your plans are we can advise you the best and most effiicient way of structuring your business from a finance persepective.  When setting up a new business there are so many different things to think about.  Let us do that for you.  We will take all that burden away from you and get you up and started as soon as you want. Contact us today.

Below is an extract from an interview with Robert Wass, director of Sheerion LLP

What's the biggest mistake you've ever made in business and how would you prevent it if you had the chance?

"My biggest mistake was not taking the accounting side of my business serious enough.  Although, it's not an excuse that works with HMRC, when I first started in business I was young and too busy trying to make money that I didn't really care much for paperwork.

Three years later when I finally started to get organised I paid for my naivety.  Our accounts underwent a tax investigation and believe me it's not a nice experience.  Trying to find receipts or explain what payments were three years previously is not an easy or enjoyable task.  Neither is the accountancy bill for sorting out the mess you have made or the inevitable tax demand that comes through your door.

Never, ever think you can get away with not paying tax, it will always catch back up with you.  if I had the chance to go back I would have made sure I took the accounting side of my business a lot more seriously.  I would never throw away a receipt and I would have made sure I got a good accountant.

I cannot stress enough how important the accounting side is to the success of your business.  Done properly, your accounts can give you a great insight into your business no matter what size it is."

Robert Wass, Director Sheerion LLP