Page 3 - The Yorkshire Post: SME Toolkit 2019

THURSDAY MAY 23 2019 YORKSHIRE POST
SME TOOLKIT /3 SPECIAL SUPPLEMENT
GROWING BUSINESS: Tim Yates of Holeys accountants in Harrogate meeting his client Stuart Townsend at Daleside Nurseries, Killinghall.
Business journey guide
ACCOUNTANCY: The services of an accountant include much more than producing accounts and completing your tax returns – they should be an essential cog in the running of your business.
FIRM HAS A WIDE RANGE OF CLIENTS
Holeys is an independent firm of chartered accountants, registered auditors, business advisers and tax specialists established in 1953 with a wide- ranging client base, including private clients, sole traders, family businesses, small and medium-sized enterprises and large companies.
The firm is a member of the UK200Group, the UK’s leading mutual professional association of quality assured independent firms of chartered accountants and lawyers.
As part of its membership it must meet the challenging standards of an independent review of its work each
year.
More details at www.holeys. co.uk or by calling 01423 566086.
Agood accountant will be there for you right from when you start out in business and can help and guide you through every stage of your business journey.
Your accountant is not there just to produce your accounts
and complete your tax return. Whether you are just starting out in business, or running an established company with a turnover of millions, the services of an accountant should be an essential cog in the running of your business.
Tim Yates , inset, of Holeys accountants in Harrogate said “A good accountant will understand that each one of their clients needs advice and support tailored to their specificissues. Thereisnoonesize fits all approach and at Holeys our clients are much more to us than sets of numbers – we aim to be part of the team”
As a small business owner, you’ll have many demands on your time. Whenfirstgettingabusinessoffthe ground there won’t be enough hours intheday. Whilstdealingwithyour
new customers and suppliers and promoting your business it is easy to overlook speaking to an accountant and taking sound advice.
Tim said “I am always happy to meet with potential clients for a free initial meeting. We can
run through their business
ideas and discuss the
business structure. We
can advise on business
systems, what costs can
be set against tax, and
how you can efficiently
extract profit from the
business. We can also
deal with registering with
HMRC and assist with payroll for Directors and employees and VAT and bookkeeping to free up your time to develop your business”.
Whilstyouarelikelytodealwitha
‘When it is outside of our comfort zone we can bring in another professional’
number of advisers when running a business, accountants will often be a more frequent contact and gain an in depth knowledge of your business asaresult. AnSMEbosscanask
many questions of an accountant, and not just on tax matters.
Tim said “I regularly get asked questions which
have little to do with accounting and I see that as a good indication of the close relationship
we have with our clients. Welistentoour
clients and Holeys have a good network of professional
contacts - we know when it is appropriate for us to give advice, and when it is outside of our comfort zone we can bring in another professional tohelpoutandbeingmembersof
the UK200group we have contacts throughout the UK and beyond”.
A relationship with an accountant canlastforyears. Onceabusinessis up and running the need for a good accountantdoesnotend. SME’swill needtokeepplanningtheirbusiness development and growth and your accountantiskeytothis. “Abusiness
rarely stands still” said Tim “we help draw up business plans to support growth, and can advise on rewarding key employees and anything else that is needed – from exporting and VAT to property purchases”.
Modern accounting systems have changed the face of business finances recently. Cloud accounting and apps are becoming the standard and SME’s can give Accountants ongoing access to their financial information so
they are able to assess the business performance in real time.
It is not just about the business either. AsTimexplained“Your accountant should not just consider protecting and building the value
of your business, they also need to take care of your personal wealth aswell. Thetwotogetherwillhelp yourbusinessmoveforwardandbe successful”.
He added “Holeys have been established around 70 years and I liketothinkthatmeanswearedoing thingsright. Wehaveachangedalot over the years, just like our clients’ businesses. SME’sareourlifeblood and we work hard to ensure we can meettheiraccountancyneeds”.