Grant McKnight Blog

Eviction ban extension ‘a huge relief for tenants’ A ban on landlords evicting firms for unpaid commercial rent has been extended for another nine months, the government has announced. The ruling, which stops landlords taking tenants to court for non-payment, was due to end on 30 June. An extension was announced by Treasury Secretary Stephen Barclay, who said the delay in easing lockdown restrictions presented additional challenges to business. Raj Kandola  (pictured) , head of policy at Greater Birmingham Chambers of Commerce, said: “The extension of the current scheme will come as a huge relief to commercial tenants up and down the country that have been knocked sideways by the pandemic and have faced crippling overheads. “We are also pleased to see the Government is committed to striking a balance between protecting landlords and supporting those businesses that need the most help – something that we’ve called for as part of our Keep Business Moving campaign for a number of mont...

What Is the Difference Between Bookkeeping and Accounting? Bookkeeping encompasses organising and recording financial information, while accounting involves taking the data, summarising it, analysing, consulting and reporting. This blog will outline the differences that exist between accounting and bookkeeping in detail so that you can tell them apart. Differences between a bookkeeper and accountant An  accountancy firm  is tasked with the work of assessing and interpreting the financial data of a particular company and reporting on it. For this reason, it’s worth noting that an accountant has greater skill sets compared to a bookkeeper. A bookkeeper has the primary responsibility of handling the recording of financial transactions of a company. An accountant has to hold a certification or degree in CPA. Moreover, his/her salary is better than that of a bookkeeper. In the real sense, a bookkeeper reports to an accountant. On the other hand, a bookkeeper does not need to have a...

Meet five advisers who’ll help your business become ‘fit for finance’ Charlie Gilbert Content Manager Enterprise Nation   In our previous post, we covered the topic of  how to use any money you raise  – with the services of advisers being a crucial area small businesses should consider investing in. These services, however, are often needed before a business applies for funding. Take financial advisers and accountants, for example. Their job isn’t solely about helping you keep on top of your incomings and outgoings; it’s also about making you ‘fit for finance’ – in other words, helping position you as an attractive prospect to lenders or investors. They do this in myriad ways – from increasing profitability by helping you run your business more efficiently, to improving cashflow by advising on, and helping you implement, processes that keep cash in your business (automated payment collections, for example, or credit control). Some advisers will ensure you’re set up to sca...