If you’re not from the Wisbech area, you may not be seeing our ‘Bantofts Banter’ column every fortnight in our local paper, the Fenland Citizen.
It’s over 2 and a half years since we published our first column. As it’s always useful to step back from the day-to-day running of your business, I’m taking this opportunity to reflect on changes in our business since then.
Many of you will know me, but for those that don’t, I am Nickie Bantoft from Bantoft & Co Accountants and the firm is based in The Boathouse in Wisbech. I set up the business seven years ago after having been previously employed so have first-hand experience of the perils in setting up your own business, being an employer, as well as being an employee, as I have sat on all sides of the fence!
We are now a strong team of 6 and pride ourselves on our friendly but efficient service. We cover all areas of accounts and taxation work and have gained lots of new customers over the past two years and, as a result, there are now four of us all preparing end of year accounts and tax returns for our clients.
We have a dedicated payroll and book-keeping department. This area has seen large growth over the last few years as it is an area of any business that can easily be out sourced and leave the business owner to concentrate on what they do best – running their own business. Our payroll and book keeping department has grown significantly and we have added extra staff to help look after this growing customer base too.
Two years ago the current economic climate resulted in a large number of people being made redundant, but in turn this has seen an increase in the number of people setting up their own business. Now we are faced with uncertainty over Brexit. Our advice has always been to spend money locally and use local businesses.
Each fortnight in the Fenland Citizen, I will continue to bring you useful and practical information on a range of current topics including Accounts, Taxation, VAT, Payroll and Sub Contractors. If you don’t get the Citizen, keep watching our Blog pages on our website where we will be posting regular updates as well.
I try to keep it topical and focus on anything hitting the headlines. With the tax year end and the budget, there is no shortage of issues to cover – perhaps more important are opportunities for tax planning. I also welcome your questions, so if you email firstname.lastname@example.org I will try to answer as many as possible.