What Makes a Good Investment?

Accountants based in the heart of Glasgow’s Westend, The Kelvin Partnership, have this beginner’s guide to investment When making an investment, there are a number of factors you need to consider and here at the Kelvin Partnership we want to help you make the best investment with our helpful investment tips. How Much Do You …

The Difference Between Credit and Debit

In order to effectively track finances, small business should undertake an accounting system or better yet, go to a specialised accounting firm. One of the most important tools in accounting systems is the use of credits and debits. Accountants use these in journal entries to change the amount of money in an account. The type …

How to Spot Fraud in Business Financial Statements

Financial Statement Fraud or as it’s more commonly known, “Cooking the Books” involves overstating assets, revenues or profits and/or understating liabilities, expenses and losses. This is done deliberately. When investigating financial fraud, a forensic accountant looks for red flags or accounting warning signs that indicate suspicious business accounting practices. These red flags include the following: …

Key Elements of a Balance Sheet

Glasgow Accountants, The Kelvin Partnership, provide a quick overview of balance sheets. A balance sheet is a vital way to evaluate a business’ financial health. Balance sheets can be calculated every month, quarter or every 6 months to offer insight of a company’s net worth. The Kelvin Partnership would like to offer advice on how …

What are the Differences Between Assets and Liabilities?

Do you know the differences between assets and liabilities? Have you considered these for your business? Any assets for your business offer future economic benefits while liabilities present future obligations. Successful businesses tend to have a higher proportion of assets to liabilities. When considering your assets and liabilities,it’s vital to also consider: The ability of …

Spring Clean Your Business

Is it time for a Spring clean of your business? The days are a little longer and the nights don’t seem quite as cold which can only mean one thing – Spring is coming! At this time of year, we often find ourselves clearing the cobwebs from our home and lives. The freshness of Spring really inspires …

Benefits of a Limited Company

It’s easier than you think to get started Nowadays, it’s very easy to start a limited company and can be done efficiently online. You no longer have to wait weeks for Companies House to process paperwork- you can actually start a limited company in the space of a few hours! The cost of incorporating is …

Why You Should Hire an Accountant

It may be tempting to do your accounting alone but accountants can advise on much more than just finances and help your business expand. While you may be the expert in your field, accountants can provide information that will shed light on how to save and manage money to help your small business achieve success. …

Do Freelancers Need an Accountant?

It’s a good question to ask, especially when you’re starting out and trying to save money but yes, at The Kelvin Partnership, we believe that freelancers do need accountants! Time is precious You know that you’re good at what you do, and that’s why you chose to become a freelancer! As a freelancer, the likelihood …

3 Quick Tips for New Businesses

Shop around for premises It’s easy to get caught up in the excitement of starting a new business, and part of the excitement is finding premises that suit you and your business. Much like when searching for a home, though, it is imperative that you are cautious about making this decision. Ensure that the premises …