Practice News

People buy from people. It’s an obvious observation beloved of salespeople, but it’s also why networking is such a powerful tool for creating business development opportunities. At Lombard Accountants, we know that networking helps build relationships with other professionals, share ideas and learn from each other. By connecting and partnering with the right people, you…

Lombard Accountants know that time is a valuable resource, especially for small business owners who often find themselves wearing multiple hats and juggling numerous responsibilities. Effective time management is crucial for productivity, efficiency, and achieving business goals. In this article Lombard Accountants will explore practical strategies to help small business owners better manage their time…

Lombard Accountants understand that when you first start out building a property portfolio, you may decide to purchase each property in your own name. While this keeps things simple, there are some distinct advantages to creating a limited company to own and manage your properties. Lombard Accountants has highlighted five reasons why you should consider…

Lombard Accountants know that effective cash flow management is vital for the success and sustainability of any small business. Cash flow represents the movement of money in and out of your business and directly impacts your ability to pay bills, cover expenses, invest in growth, and ultimately, thrive. In this article Lombard Accountants will discuss…

Lombard Accountants understand that to fund the growth of your business, you’ll almost certainly need to take out a business loan at some point. But many lenders will ask you to provide a personal guarantee against this business loan – and there’s a risk element to consider when taking out finance. So, what does offering…

As a small business owner Lombard Accountants know that increasing profits is a key goal that drives growth and sustainability. However, it can be a challenging task in a competitive market. In this article Lombard Accountants will explore effective strategies that can help you boost your small business profits and achieve long-term success. 1. Analyse…

Lombard Accountants understand that when your managers and employees have their own budgets to utilise and spend, it’s important to keep in control of these staff expenses. It used to be standard practice to have a firm-wide company credit card that staff could use to make ad-hoc and recurring payments. But a company card can…

Lombard Accountants understand that managing finances is a crucial aspect of running a small business. However, it can often be a daunting task for small business owners who may not have a background in finance or accounting. In this article Lombard Accountants will explore the challenges that small business owners face when it comes to…

Lombard Accountants know that improving business performance is a constant, ongoing process. Here are ten ways from Lombard Accountants to make sure that you continue to drive your business forward with purpose, vision and the courage to super-charge your business. 1. Eliminate distractions: Time is the scarcest resource and biggest killer for most businesses. When…

Lombard Accountants believe that a strong company culture is essential for the success of any business. It defines the values, beliefs, and behaviours that guide your organisation’s operations and interactions. In this article Lombard Accountants will discuss the importance of building a strong company culture and provide some tips for business owners on how to…