This means that the exercise of sound business principles is more important than ever.

Cost control, liquidity preservation and effective marketing are the keys to survival and success.  A thorough review and analysis of all the essential aspects of your business could pay dividends at this time.  New products, new markets, diversification may be the order of the day as your existing activities are threatened and a new approach is the only way ahead.

Paradoxically, it can also be a good time to start a new venture as many gaps appear in the market place and new opportunities arise.

If you face an uncertain future in employment, it could be a good time to consider self-employment, working for yourself, putting your expertise and market knowledge into practice without the overheads and bureaucracy that can sometimes strangle an existing company.

Anglesey Accounting, supported by its team of qualified and experienced consultants, can help new and established businesses survive and succeed.

Posted by Sharon Horsley, Managing Director of Anglesey Accounting

Hope you had a good Christmas and are ready for a fresh start now in January. 

What have I got for you this week?   

Well, did you know that business start-ups are a growing market, even in times of economic uncertainties? This is mainly because people who have lost their jobs decide to start their own business. 

This can be a great source of new business to you! Please have a look at www.newbusiness.co.uk which has lots of good stuff for you to digest.

Lowri Dundee posted this on 06/01/09.

Never underestimate the contacts that you make through networking opportunities like these. It can open new doors for your business. There is plenty of room for all of us to work together to make our businesses successful. In my experience I have found that people like to work with people, not necessarily with ‘the business’.

As long as you keep focussed on delighting your customer and give excellent service to everyone, you will be one big step closer to making a success of your business.

Lowri Dundee posted this on 27/11/08.

We are passionate about supporting and promoting businesses here on Anglesey. We all need to work together to achieve this.

Why don’t you visit www.thebestof.co.uk/anglesey. This is a quality website dedicated to Anglesey and it’s businesses.

They are inviting you to join them for a Christmas get together on Tuesday December 2^nd at the Anglesey Arms, Menai Bridge for mince pies, mulled wine and some of Anglesey’s finest produce.

For more information please call 01248 716190. Please tell them that you saw the invite here.

Lowri Dundee posted this on 27/11/2008.

The problem is: while the demand is there; as the energy prices increase and the credit crunch bites, people are actually less and less able to pay their rent. 

In fairness, they do actually acknowledge the reality of the situation right at the tail end of the piece, when AXA Loans MD, Mike Keating says “…if you consider that many of those renting may be struggling to make ends meet it’s certainly not all good news for buy-to-let owners…” 

The combination of increased demand to rent with decreased ability to pay is going to cause serious problems for the new class of reluctant landlords who are only renting because they are unable to sell. 

These are people that need to get really good business and accountancy advice as early as they can in their ‘careers’ as landlords.

Lowri Dundee posted this on 17/11/2008.

In our role helping and assisting new businesses, we want our customers to be aware of current regulation. Here are some key points.  

First things first: 

• Register with HM Revenue & Customs as soon as you start working for yourself.  You may have to pay a penalty if you haven’t registered within the first 3 months.  A useful guide is the award winning Working for Yourself.  Another useful booklet is Thinking of Working for Yourself?
• Do you want to, or have to, register for VAT? Please have a look at this link from the Revenue & Customs website.
• You may need to appoint an accountant to help with your business accounts and maybe your payroll.  Your accountant should also be able to help you with tax planning advice.  Before you appoint an accountant think about what you want from them.  Do you only need help with the accounts or do you also want them to help with your business planning, advertising and marketing?
• At Anglesey Accounting, we offer all these services and more, so please think about what help you do need so you can make an informed choice. 

Lowri Dundee posted this on 11/11/2008.

What do you think?  

We’ve also just finished our latest advert which will be published in the Anglesey Informer. This is a community magazine which is distributed free to thousands of homes on Anglesey. 

Lowri Dundee posted this on 11/11/2008.

HM Revenue & Customs must receive on-line returns by 31 January 2009. An automatic penalty of £100 will be imposed if the return is late.  Please visit this page at www.hmrc.gov.uk for further information.  If you need help with your tax return please let us know now so we can process it in time.

Look here for the latest thinking on accountancy and business advice. 

We aim to make our blog both interesting and informative for you and would welcome your feedback. 

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Speak soon!!

Lowri Dundee posted this on 10/11/2008.