Overheard in a local hardware shop, customer to manageress: "Come on Maureen, there's a credit crunch on!"
Many of us are tightening our belts like mad and trying to avoid any "unnecessary" expenditure. But where's the borderline between "necessary" and "unnecessary"?
As an example, my husband and I decided yesterday evening that going out for supper on our wedding anniversary this week was definitely "necessary". If you cut out absolutely everything you enjoy to save money, you'll go stark raving barmy. OK, we're not going to go to David's, our nearest upper-notch eatery, we'll be going to a local gastropub, but we're still going to have a meal out.
And it's the same in business. Sometimes spending some money is the best thing to do, like having your website done professionally. Template-built sites absolutely shriek.
Jason Holden, a fellow small-business-friendly accountant, writes on his blog why using the services of an accountant is something you can't afford not to do. In brief, if you get your records in a muddle, or pay the wrong amount of tax, you face HM Revenue coming down on you like a ton of bricks. And they don't accept the excuse that you're a layman and don't understand the system.
That's why you need the services of a friendly accountant like Jason, or Andy, or me :-)
Accountants like us are there to help guide you through the labyrinth that is the UK's tax system.
Because there is a credit crunch on and you don't want to find yourself confronted with a Minotaur in the shape of an angry HM Revenue inspector come to take more of your hard-earned money away in interest and penalties because you didn't get it right the first time.