View Is the Skills Gap Leaving a Hole in Your Finances?

Is the Skills Gap Leaving a Hole in Your Finances?

  This year seems to be the year of shortages – petrol, food, toys– when will it end? But it’s the skills shortage that has been front of mind in many UK and Irish businesses since long before the pandemic – and finance is a key area of concern in this respect. As far back…

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View When Should Your Start-up Hire a Financial Controller?

When Should Your Start-up Hire a Financial Controller?

Every business decision made has a financial impact on your company. Whilst things like tracking revenue, staying on top of accounts payable and receivables, and administering payroll are essential to your business, non-financial transactions will undoubtedly also have an impact. While it may have been easy for the business owner to manage these various tasks when they were first starting out, it becomes increasingly…

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View How Covid-19 is Reshaping Bookkeeping and Accounting

How Covid-19 is Reshaping Bookkeeping and Accounting

As we know, the Covid-19 pandemic is significantly impacting all aspects of society, reshaping how we live, work and play. In the business world, the pandemic is driving seismic shifts in the operational approach and strategies of many industries. The bookkeeping and accounting sector is experiencing these shifts in the form of new working paradigms,…

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View In-House vs Outsourced – What’s the best option for my SME?

In-House vs Outsourced – What’s the best option for my SME?

Accounting is essential for every business, and there are many opinions on the right ways to find the services needed to stay afloat. If you’re just starting up or can see that your accounting systems need maintaining, what is the right approach? You can recruit an in-house accountant or consider hiring an outsourced specialist. The…

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View EFM Associate Guest Blog – Why do you need an Accountant?

EFM Associate Guest Blog – Why do you need an Accountant?

Here at EFM, we ask our Associates to share their knowledge and expertise on certain topics that can help to improve your company’s financial management. In this article, Surrey based Finance Director, Andrew Sugden, discusses why do you need an Accountant? Before considering how to operate with your accountant, it’s probably a good idea to…

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View 5 Reasons to Outsource a Bookkeeper for Your Small Business

5 Reasons to Outsource a Bookkeeper for Your Small Business

When growing a small business, the importance of keeping accurate and up-to-date financial records cannot be understated. Proper and complete financial records and reports indicate where a business is and where it’s headed. Without them, many small businesses have little understanding of the company’s finances, what makes it tick, and risk expensive headaches if HMRC…

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View Save time & money – Outsource your financial management

Save time & money – Outsource your financial management

An increasing number of start-ups & SMEs are able to scale up whilst keeping a careful eye on overheads through outsourcing financial management functions. Most commonly routine finance and accounting services such as payroll and bookkeeping are outsourced, but increasingly other areas of finance can also be successfully outsourced. Outsourcing finance functions helps companies to…

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View Why Entrepreneurs Need to Outsource their Payroll

Why Entrepreneurs Need to Outsource their Payroll

Entrepreneurs are the creative spark behind every new business. Often, they are dynamic forces of nature … but there are some things entrepreneurs should leave to others. Confidence. Determination. An appetite for risk. Passion. Adaptability. The list of traits traditionally associated with entrepreneurs is long.  However, there is one thing every successful entrepreneur must acknowledge…

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