Steady for the short term – taking stock after the Brexit vote

The outcome of the Referendum confounded the predictions of the opinion polls, the bookies and the markets. All three ended the working day on 23 June with the assumption that the Remain side would win, albeit by a small margin. That consensus is one reason why the markets moved so sharply when the results emerged. …

How Do You Build a Business Plan?

Are you starting a business and wondering how to build a business plan? Starting a new business can be very daunting, and in order to set your business off to a good start, you will need a good business plan. A Glasgow accountant from The Kelvin Partnership we want to help you establish your company with a …

Financial Planning for the Self Employed

When it comes to financial planning for the self employed, it is important to set a realistic budget in order to avoid debt and a number of other issues! At The Kelvin Partnership we know that setting and sticking to a realistic budget can be challenging, which is why we have put together these helpful hints and …

Why Should You Use an Accountant to Form a Company?

The company formation process can be problematic which is why we want to help you get it right first time.  A Glasgow accountant from The Kelvin Partnership, will make sure that you make the right decisions in forming a company. We want to help you understand why you should use an accountant rather than an …

Sole Trader V Limited Company

When you are setting up and establishing your own company it can be challenging to know whether you should register as a sole trader or limited company. Here at the Kelvin Partnership, we want to make that decision easier for you by outlining the key differences between a sole trader and a limited company. Liability …

Charity Audits in Scotland

Charity Audits – what are they? A charity audit is when charities have their accounts audited or independently examined according to the appropriate legislation and guidance. An audit is an official inspection of an organisations accounts –in this case for a charity. Why Should You Use a Charity Audit? Firstly, charities (whether they are registered …

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 …