CCW proudly supporting Rally Isle of Man

Crowe Clark Whitehill are proud to be supporting the Manx International Rally, starting tonight (Thursday) with the Villa Marina side-by-side opening stage, and with an extended Castletown stage on Friday night. The daunting Sloc hill climb is new to all the competing rally drivers, last used by the event in … Continue reading

Interview with an accountant!

where startups go wrongWHAT ARE SOME COMMON STARTUP MISTAKES YOU SEE PEOPLE MAKING WITH REGARDS TO ACCOUNTING?

The most common startup mistakes with accounting involves putting it to one side “until they have the time”. When they get around to writing up the records they cannot remember what the transaction referred to.

Secondly, they do not open a separate business bank account, which means they mix personal and business transactions. This involves unnecessary work (and increased costs) on the accountant’s part separating business transactions from the personal ones.

Thirdly, they leave it too late to bring the records into their accountant, usually leaving it until the deadline for filing self-assessment returns approaches when the accountant is at their most busy.

Finally, clients who leave bringing the financial records into their accountant often find they do not have enough money to pay the taxes that are due and no time to save for the payment.

If you need to get organised, please call us or fill in the form on the contact page.

**COMPETITION TIME** win tickets for Thriller in the Villa!

Come and see our sister company, Pinnacle Bookkeeping at The Royal Show this Friday and Saturday and hand over your business card to be in with a chance to win 2 tickets for ‘Thriller in The Villa‘ in aid of Hospice IOM & Rebecca House Winner announced Monday 15th August. … Continue reading