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Do You Have A Clue? I am always amazed at how many small business owners do not have a handle on their finances or have a good grasp of what their business is or isn’t making. Apparantly around half of businesses fail within 5 years. Yes HALF! And they fail because of lack of profits […]

Did you know that you do not have to be qualified to call yourself an accountant? I met a new client yesterday and she did not know that accountants didn’t need to be qualified. She thought that all accountants in business were qualified. It came as a shock to her to discover that in the […]

I don’t know whether this is true but this is roughly how it goes: “EVER HEAR THE STORY of the giant ship engine that failed? The ship’s owners were losing huge amounts of money because the ship was idle and tried one expert after another, but none of them could figure out how to fix […]

“On Sunday 10th April the Sunday Times published their first supplement listing the Top 200 Accountants in the UK based on reviews on the independent consumer ratings website VouchedFor.co.uk. We are proud, but not at all surprised, to say that Paul Stankiewicz was featured. To be included Paul was highly recommended by 12 of his clients. […]

If you run a small owner managed Limited Company it is not a good idea to mix your business and personal expenses and payments A company is a separate legal entity even if you own all the shares and is governed by company law. Director/owners of Limited Companies can pay themselves remuneration either via a […]

Disclaimer: Paul Marks & Co Chartered Accountants is the trading name of Paul Marks Ltd a Limited Company registered in England and Wales (registered number 4487645). This video is designed for the information of readers only and viewers should not act on any of the information contained in this article without seeking professional advice. Nothing […]

It’s vitally important to understand the cash peaks and troughs in your business. It can mean the difference between success or becoming insolvent and business closure. Additionally careful injection of capital at the right time can take your business to the next level. You cannot operate even if you are profitable without cash to buy […]

HMRC themselves in one year admitted that almost 5M people paid the wrong tax under PAYE. Tax evasion is taken very seriously by HMRC and criminal proceedings usually follow. The penalty regime in many cases is extremely harsh for late filings and mistakes. You MUST get your tax affairs in order from day one. If […]