Steven Mugglestone

The more I learn, the less I know

Posts Tagged ‘cheap accounting

Why we are supporting Squeezeonline.co.uk & why small businesses should check it out now:

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Why we are supporting Squeeze and why small businesses should check it out now

#itscoolfornotsofatcats

We are helping Squeezeonline.co.uk both develop and launch their innovative and cost-effective (in other words cheap) accounting system in the UK, together with the support of Sage UK, http://www.sage.co.uk.  We are doing this as we see it as a unique full accounting package that offers book-keeping, management accounts, cash control, payroll, year-end statutory accounts and tax computations in one area, at one low monthly fee.  We see it, therefore, as a system and product that many accountants cannot match for innovation and cost.  We also see it as a system that brings “power to the people” and puts small businesses in the driving seat and in a position that they have never been able to achieve at such a low cost.  In our view it is a “no-brainer.”  We cannot provide this support and innovation at such a low cost and neither do we believe can most other accountants.  Squeeze, therefore, offers a truly brilliant package for small businesses to take control.

Instead of us trying to explain this, we have, therefore, extracted a piece from the Squeezeonline.co.uk website that explains why a small business should Squeeze their accounts and tax.

 Introduction
When you are running a business, accounts and tax returns and issues surrounding these tend to be the last on the to-do list.  Big businesses do not operate this way as control, accounting, cash and tax are very much high on the agenda and form part of the key reasons why successful big businesses remain as successful big businesses.

Why is good accounting important?
Businesses do not generally fail because they do not have good ideas, or good customers, or great marketing or product.  Businesses generally fail because they run out of cash.

Yet the two areas above appear to be at two ends of the spectrum.  Cash and control of cash is the most important thing for a business to consider yet accounting is the last thing that a business, particularly a small business wants to consider and, worse still, actually manage.

The current bad practice
Many, many small businesses carry out their accounting in the same way, using systems that range from piles of paper, through to various inter-linked spread-sheets and, those in control, a variety of software packages.  These operate, whilst the business may check the bank account separately, but the connection and relationship between accounts and bank is mostly loose and sometime non-existent.

Needless to say, many small businesses do not really know how they are doing until they “hand-over” their accounting information either by way of plastic bag or back-up file to their accountant, who months later tells them that they have made a profit or loss and lets them know if any tax needs to be paid.

You then get a bill, on top of the software licence, if you have a system at all.

All of this does not put you, as the business owner in control; it does not really help you manage your business or make appropriate decisions based on facts; it does not help you control cash, the most important life-blood to your business and it costs you too much time and money to tell you something that is months out of date.

It does not have to be this way and Squeeze aims to prove why and how.

Keeping the records
All businesses recognise that they have a legal duty to retain their accounting records.  This can be files, boxes of papers, back-ups of spread-sheets or other computer files.  To do this requires storage space and the need of back-ups and file maintenance systems.  Squeeze is a secure cloud based system that ensures that you are fully backed up and your records are safe so you do not have to worry any more.

The Accountant
Many small businesses want advice and help, particularly with tax, but do not see that meeting their accountant to discuss accounting information that is months out of date as being very worthwhile.  Many dread the meeting and most do not see the point.  At the end of it all, many do not see how the cost to their business can be justified.

The issues facing accountants
Traditional accountants still use a charging structure that is based on time and charge by the hour, many by six minute units.  Preparing accounts from manual records or un-reconciled computer records can be time consuming and many UK accountants will either seek to recover this time in a high fee or
seek to sub-contract the work overseas, and sometimes this sub-contracting is not disclosed to the client.

Squeeze utilises the latest web based technology to keep costs low and bring together the needs of a small business for accounting and cash control with the year-end accounts and tax computations linked to an accountants systems to ensure that the work and accounts preparation are seem-less and efficient.

The Solution
Squeeze is powered by Sage, one of the UK’s leading accounting software systems for SME business, and specifically utilises Sage One, an on-line secure web-based system that is a practical accounts package for small businesses from sole-traders to 20+ employees.

The key attributes of Squeeze are easily identified as:

  • An easy to use book-keeping system that keeps you in control of your accounting
  • A secure online system to ensure that your records are backed up and protected
  • An easy to use accounting system that ensures you’re your management accounts will give you the information you need to manage, control and drive your small business
  • Full training on-line of how to use Squeeze and how to make your accounting fun and easy to use
  • A system to ensure that you control your cash and bank balances on line
  • A fully integrated system that ensures production of your year-end statutory accounts and related tax returns, filed when you are happy and fully informed
  • Help along the way as Squeeze can see, support and advise you when things go a little off-piste
  • The piece of mind of never having to worry that you are going to be late with filing at Companies House or HMRC
  • If you choose, all of this without the need to see an accountant
  • Access to advice for accounts, tax, finance and business with our fully qualified UK based accountants, if you want further support and help

How can accounting be fun?
Squeeze
has prepared detailed training videos to walk you through every step.  We have also worked closely with Sage to ensure that they book-keeping system is simple and easy to use and help is available throughout the whole process from raising an invoice through to paying a bill and seeing how you are doing.  There is no mystique or jargon and the whole purpose of Squeeze is to ensure that you are in control.

Further support if needed
You do not have to be alone, as you will have access to a helpline to speak to fully qualified UK based accountants.

If you are looking for further help with your business to grow, arrange finance, seek further help with tax or wealth management matters, the Squeeze helpline will point you in the right direction and help you with those areas as well.

Who is it aimed for
The simple answer is any small business whether you are a sole-trader, sub-contractor, consultant, retailer or small businesses employing up to 20 or more employees, Squeeze will provide your business with a full accounting system and support to allow you to manage and drive your business, without the hassle or costs that other business face.

Established Operating Businesses
If you are an already established and operating small business, it is very straightforward to transfer over your opening position into Squeeze and then start to benefit from the control and low cost that Squeeze offers.  Just call us now, sign up and Squeeze will talk you through what is needed.  And yes, Sage One also deals with payroll so this is also integrated into the Squeezeonline system.

But I’m married to the Book-keeper
This is not a problem as you do not need to get a divorce or separate.  If you are either married to your book-keeper or they are life-long friends who you want to retain, Squeeze gives them the power and control they have not previously had.

Does Sage One sort it all
Sage One provides the general book-keeping and management accounts, but it does not provide your year-end accounts and tax returns.  You will still have to arrange for an accountant to complete those.  Squeeze provides the full service with access to qualified accountants when you need one.

The cost that seals the deal
Squeeze
is incredibly cost effective, as it brings together a robust, up to date accounting system that provides online backup and storage with year-end accounts and tax computations filing and maintenance for one very low monthly fee.  Software licence, online systems, year-end statutory accounts, year-end tax returns, and if you need it, payroll together with full back-up security for all files, all for one monthly fee.

From reviews carried out by Squeeze, we know that the system provides the most cost-effective support that is available today.   

It is made easy for you
Squeeze
has been made to be easy, cost effective but incredibly powerful to put all of your accounts and tax systems in one area in order to put you in control.

Together with Sage One, system and operational support is available 24/7 and qualified accountants are on-hand to help as well.

The view from Squeeze is not why would any small business look to use the Squeeze system, but really why would any small business continue to waste money on other methods or expensive accountants and still not benefit from the control and power that Squeeze offers.

Check out how to Squeeze

Steven Mugglestone BA FCA,
Finance Director Services
McGregors Corporate, Entrepreneurial Chartered Accountants and Business Advisers
…….Really good for your business

McGregors Corporate are a Member of Probiz Tax, providing Innovative Tax Solutions to Owner Managed Businesses.

http://uk.linkedin.com/in/stevenmugglestonefca/
http://twitter.com/McGsCorporate
http://www.youtube.com/watch?v=nhC0wlglePE
http://www.mcgregorscorporate.co.uk/

T: 0845 519 5659                T: 0121 236 3317
steven@mcgregorsbirmingham.co.uk

Connect, call, talk, email, contact us, send a messenger pigeon and arrange a discussion, review and free meeting.

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Written by Steven Mugglestone

February 10, 2012 at 5:47 pm

Squeeze, Low Cost Accounts and Tax Service by Rock Star Accountants, launching soon:

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Squeeze, Low Cost Accounts and Tax Service by Rock Star Accountants, launching soon:

Together with Sage, McGregors Corporate are very proud and pleased to be associated with the launch and promotion of Squeeze, http://squeezeonline.co.uk/, an easy to use and low cost on-line accounts and tax solution for small and growing businesses.

Squeeze is an incredible low cost online accounts and tax service for sole traders, start-ups, sub-contractors and a variety of small and growing businesses.

Powered by and launched in partnership with Sage One, http://www.sageone.com/, Squeeze provides monthly on-line book-keeping, management accounts, instant reporting and seamless year-end accounts and tax returns.

Maintain your up to date business accounts, year-end accounts and tax returns, all in one place and for one low-cost monthly fee.

Always up to date and never miss a filing deadline, without having to send your books to an accountant. A powerful, easy, quick and, dare we say fun, way of managing your business.

Cloud based technology and accountancy and tax expertise working together to provide a low cost accounts and tax service solution for start-up businesses, sole-traders, sub-contractors, small and growing businesses in the UK.

http://squeezeonline.co.uk/

Steven Mugglestone BA FCA,
Finance Director Services
McGregors Corporate, Entrepreneurial Chartered Accountants and Business Advisers
…….Really good for your business

McGregors Corporate are a Member of Probiz Tax, providing Innovative Tax Solutions to Owner Managed Businesses.

http://uk.linkedin.com/in/stevenmugglestonefca/
http://twitter.com/McGsCorporate
http://www.youtube.com/watch?v=nhC0wlglePE
http://www.mcgregorscorporate.co.uk/

T: 0845 519 5659                T: 0121 236 3317
steven@mcgregorsbirmingham.co.uk

Connect, call, talk, email, contact us, send a messenger pigeon and arrange a discussion, review and free meeting.

Written by Steven Mugglestone

January 8, 2012 at 4:40 pm