Practice News

Lombard Accountants understand that optimism among business owners was high coming into 2022. But a number of factors are now making things a lot more challenging: Global events are pushing up energy prices to astronomical levels. Ongoing supply-chain issues are making it difficult to source raw materials. A scarcity of talent is causing problems when…

Lombard Accountants understand that making your business stand out in a crowded market can be a challenge, but differentiating your business will be key to attracting the right customers and giving them a reason to choose you over a competitor. Lombard Accountants believe it’s important to identify your unique selling point (USP), so you have…

Generally speaking, an exit strategy will be put in place years before your planned exit date. This gives you time to work on your sale plan and deal with any succession issues. Lombard Accountants know that a clear exit strategy gives you the time needed to add additional value to the business prior to a…

Lombard Accountants understand that whatever your sector, niche or marketplace, there’s almost certainly going to be other competitors in that space – but do you know who they are and what threat they pose? Are you the only provider of your specialism, or are you one of many companies that are all vying for the…

Lombard Accountants will discuss how your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the P&L shows transactions over a specific period of…

Lombard Accountants understand that more than ever, cashflow is a vital part of staying afloat, whether your business is in recovery or growth mode. Lombard Accountants know that revenue, profit and your bottom line all deserve your attention. But keeping everything running is the baseline. Regular cashflow forecasts help you keep that in focus. Here’s…

Lombard Accountants know that every business has a finite lifespan. Some may last for decades, and some may only last a couple of years. As the owner of a business, Lombard Accountants understand that the life of your business is likely to be strongly aligned with your own life goals and personal plans for the…

We recognize that the client is always right here at Lombard Accountants. Not only is it wise business management to keep customers satisfied, but it also encourages repeat business. You want your clients to feel appreciated and that they are doing business with a company that values their patronage and is eager to express that…

Lombard Accountants know that in this challenging business landscape if you are considering a significant change, your head is no doubt filled with questions. I’ve decided to restructure. What’s the best way to do this? Restructuring is never easy but if it’s necessary to keep your business afloat, here is a process you can follow…

The Lombard Accountants team know that global supply chain challenges are changing the reality of doing business. It’s increasingly tough to source raw materials, supplies and products in the right quantities. And when your supply chain breaks down in this way, that can have serious consequences for your business. So how do you combat the…