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Welcome to the GSM & Co Blog where we share our expertise and experience of best accountancy practice. Do let us know of your experiences. And if you have any questions that arise we'd be delighted to answer them.

21 Apr 2022

When you go from red to white you’ll need an accountant who is fully fuelled

As a business the cost of your fuel is enough to cause you to run dry and now, as of April 1, a further cost might add to your woes.

21 Feb 2022

What should accountants do to maintain committed and loyal relationships with their clients?

Recently recognised as the Most Trusted Accountancy Practice in Greater London in the SME News Finance Awards, we don’t underestimate our trusted advisor role. Neither do we take our responsibilities for granted.

02 Feb 2022

How an accountant can lighten the heavy responsibilities for Trustees

At a time when many charities are experiencing pressures on their sources of funding, it is essential that all on their Board have solid oversight and understanding of the financials.

25 Jan 2022

Many businesses have been on the back foot of late

2021 was a real test of resilience for businesses and SMEs in particular. While getting through the year was a real achievement for many, 2022 will still be a challenge.

18 Jan 2022

How accountants can enable purpose driven organisations

As we make our way through the first month of 2022, it is increasingly heard that the organisations who make progress this year will be those who find their purpose and whose activities operate seamlessly with that ethos in mind.

14 Dec 2021

Business costs are rising and Omicron is looming. So, how will your accountant go beyond sticking plasters?

The pandemic has disrupted almost every aspect of the global economy and businesses are having to face up to rapidly rising prices after years of no inflation.

06 Dec 2021

As the Chancellor announces investment in training to address the skills gap how are you accounting for your company’s training?

Filling any skills gap in your organisation, by investing in improving the skillset of your employees, can widen the gap between you and your competitors and undoubtedly help to grow your business. From an accounting perspective such training could help you accrue some more immediate financial benefits too.

26 Nov 2021

Border management is key if there is to be cohesion across your business

Border Control has been in the news a great deal lately and many businesses have been impacted since Brexit, with the need to adopt some unfamiliar practices. But it is also within businesses that there can be borders, which can be as great a hindrance to trade and have become all too familiar within some organisations.

18 Oct 2021

A model of trusted accounting and governance is vital for business in the face of increasing climate change

Climate change is increasingly a business issue for all size of company, both great & small. As we approach COP26, the issues that will affect business and how business will affect the issues will fast come under the lens of government and undoubtedly the scrutiny of HMRC.

30 Sep 2021

As the furlough scheme winds down how will you avoid getting wound-up in financial difficulties?

If there’s been one word that has never been used as exhaustively before, as it has been in the past 18 months, it is furlough. As the furlough retention scheme finishes at the end of September, it brings to a close the temporary release from working for the employee and the temporary release from paying full wages for the employer.

27 Aug 2021

Post-pandemic there’s never been a greater need for a business to take a fresh approach

In a Lloyds Bank survey 7 in 10 businesses made changes to their operations during the pandemic that they propose to retain for the long term. One third of those say their operational changes have already boosted revenues and profits.

27 Jul 2021

Behind every resilient business there’s a hard working accountant

Every company will want to remain resilient in the face of a crisis and as the world still reels from the health and economic impact of coronavirus, there’s perhaps never been a better time to ensure you are business-ready for any future crises.

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