Archive for February 2022

The Lombard Accountants team are aware that calculating your net worth can be a quick and easy way to get an outline of your financial position. By working out your net worth each year, you can get a sense of whether your finances are going in the right direction. Tracking your net worth can also…

The Lombard Accountants team encounter new business often and we are always curious WHY people are setting up these businesses? You’ve had your initial business idea and written a plan. But do you know WHY you’re creating this business, or HOW you’ll deliver your end product/service? What will the company’s underlying purpose be and how…

We at Lombard Accountants know that for a startup, the key thing is to define what your idea brings to the marketplace. This way, you know WHY you’re starting this venture and – crucially – whether it’s a viable business model. As the old saying goes, ‘Fail to plan, plan to fail’. So, putting time…

We at the Lombard Accountants office know that when you’re a small business owner, asking for payment on overdue invoices can sometimes be a delicate matter. If your business doesn’t have an accounts department, sometimes you’re trying to secure new work and chase invoices from the same person. That can be an awkward tightrope to…

The Lombard Accountants team has a question for you. Is your business using e-invoicing? It’s a fantastic way to protect yourself and your customers from invoice scams, and it can help you get paid faster. E-invoices replace emailed PDF invoices or links to online invoices. Instead, e-invoices are delivered securely to your clients, even across…

We know at Lombard Accountants that a great business idea is an excellent starting point for a company. But without funding to provide the necessary capital, your business idea could be dead before it’s even begun. Think about how much investment you’ll need to get going, the different routes to funding and the best ways…

We are acutely aware in the  Lombard Accountants office that to trade as a business, you need to meet the right compliance requirements. It’s certainly not the most exciting part of creating a business, but setting up the right legal, accounting and tax compliance foundations ensures that you’re doing everything by the letter of the…

We in the Lombard Accountants office know from working with new businesses that getting your head around the basics of bookkeeping, accounting and good financial practice may not come naturally to all business owners. But the better you understand the numbers, the more control you’ll have over your business and your decision-making. To get you…