Free advice will be available to small businesses worth up to £2000 from Magenta Accounts, a member of global accountancy body ACCA (the Association of Chartered Certified Accountants) under a new initiative with the government and small business network Enterprise Nation.
The Growth Voucher project, which is being jointly run with the Department of Business Innovation and Skills (BIS), the Cabinet Office, as well as ACCA and other organisations, will see up to 15,000 small businesses receive a maximum contribution of £2,000 from the government in order to seek advice and professional support across 5 key areas: sales and marketing, management and leadership, access to finance, employment relations and making the most of digital technologies.
This initiative is aimed at businesses with less than 50 employees. Rather than simply throw money at them, the Growth Voucher project links funds to valuable advice from professionally qualified accountants that small businesses need as they look to grow, whether that be through accessing finance, exploiting the assets within the small business or through looking to export to new markets.
The Growth Voucher scheme has built in safeguards to ensure the advice and support small enterprises gain from the project comes from professionally qualified accountants.
Anyone can call themselves an accountant, so to guard against that the government has ensured that advice under the initiative comes from a professionally qualified accountant, such as a member of ACCA. What this means is that small businesses will feel safe in the knowledge that the accountant giving them business advice has passed a rigorous set of professional exams, has already attained experience as a practicing accountant, is bound by a code of ethics and conduct, and is regulated by a professional body. They will also have professional indemnity insurance to guard against risk.
This means a small businesses’ trusted business advisor under the scheme will meet the highest global standards. There is a misconception that accountants simply handle the books within a business. However, they also provide services covering both legal and planning elements to help a business such as tax compliance and planning advice, recordkeeping and reporting, forecasting and looking for the right type and mix of finance, and employment and payroll support.
Under the Growth Voucher scheme, businesses that qualify for it will have access to this kind of support.
Find out more about the Growth Vouchers project at https://www.enterprisenation.com/blog/posts/all-you-ever-wanted-to-know-about-growth-vouchers
For general information about how ACCA accountants support businesses visit http://www.accaglobal.com/en/business-finance.html
Magenta Accounts
Unit 2A Poles Copse
Poles Lane
Otterbourne
Winchester
SO21 2DZ
Tel: 01962 717498
Mob: 07795 974685
email: info@magenta-accounts.co.uk
Wonderful, friendly service. Thank you so much for looking after us!
Faye Chandler, Oliver Chandler Limited
I would gladly recommend Keeley to anybody who is looking for a conscientious, detailed and hard working accounting professional. Both individually, during her career before Magenta, and now as part of the wider Magenta Accounts team Keeley has looked after my financial well-being over the last fifteen years, and has done it exquisitely well. In fact, so happy am I to recommend Keeley, that four of my closest friends now have their company finances managed by Keeley's safe hands at Magenta.
Mike Boreham. Managing Director, Quiddity Solutions Limited
Magenta have handled our payroll and invoicing for three years, and have had an extremely positive impact on Semantic. Between them the team now handle all my personal and professional needs.
Nick Warren. Managing Director, Semantic Limited
Keeley has handled all my tax affairs for many years and I cannot speak highly enough about the professional level of service she has provided. Her efficiency and knowledge mean that my tax affairs are handled swiftly and competently making the whole experience pleasurable and cost effective.
Linda Green
Just a note to say how impressed I have been with Magenta Accounts and the service that you have provided me within my first 6 months of setting up my business. With being a new business, making sure I generate income immediately is vital, so by knowing that you are taking away of all my financial duties from me such as making small payments to providing monthly management accounts allows me to focus more of my time on other aspects such as growing the business and generating revenue. Each member of staff provides a personal and prompt service and it is comforting to know that whoever I speak to at Magenta Accounts, each member of staff is fully aware of my accounts and the current situation. I would fully recommend your company to any business who is looking for a service that not only helps take away the stress of looking after money, but also helps you grow as a business.
Michael Dyble, Managing Director, Dybles Limited