J. Jervis Accounting Services

We all like to get creative with our write-offs during tax time… What's the most creative thing you’ve written off for your business?

A good accountant will help you save more money, so you can spend more on what you love.

Account-Ant: Carrying and counting figures on our backs like nobody’s business! We are proud to offer accounting services for you, your family, and your business. Are you in need of some assistance in dotting your financial I’s and crossing your taxable T’s? Then feel free to reach out at any time and we’ll be happy to count your beans!

Accounting is a tradition as old as money itself. The earliest recorded evidence of accounting can be traced back to ancient Mesopotamia, and is closely related to the development of modern writing, counting, and money! Even the ancient Babylonians and Egyptians were performing audits – those pyramids must have cost a fortune to build… So you may not be surprised to hear that by the time of the Roman Empire, the government had access to detailed financial information. But modern accounting got its start with the writings of one man, Luca Pacioli, hailing from Italy. He was the first person to publish a book on double-entry bookkeeping, introducing his ideas to the Italian people. As a result, he is referred to as the “father of accounting and bookkeeping”. The official profession of chartered accountant actually originated in Scotland in the 1800s. Solicitors would often employ accountants to offer their services to clients. The first organized institute of modern accounting was formed in England in 1880, with the creation of the “institute of chartered accountants in England and Wales” And from there, the rest is history!

What a week that was! Firstly my heartfelt condolences go out to one of our Ambassadors this week following the sad passing of his dad. With that said and the community all coming together on his return to work this Thursday, by being at The Thursday Edition of our weekly networking, this event was swamped with love for a man who we all admire because of how much he brings unselfishly to The Association. We all wanted to let him know just how much we support him in his time of need and what a way to show that, by having so many on the call.. Thank you to all those in attendance and to all those that sent messages to me to pass on. Ian Reid - The Cost Savings Specialist, we truly admire and support you individually and collectively as a community!! Also I would like to thank Steffi Lewis for a great keynote presentation at our Simply Tech Talk meeting that went ahead yesterday afternoon. I would also like to thank Sue Ellen and Alison Dawkes for hosting this in the absence of our regular host, Kelly Thompson (CTPM, MBCS, RITTech), who was on holiday this week. Thank you all! To all those below who played their part in a week that had both great news and sad news, this is your special Friday Shout Out! Carolyn Hobbs - Queen of Cards, Cristian Voinea, Jim Barker, Marc Burns, Andrea Porter, Jason Jervis 📖 BA (Hons), David Penney - Crazy DAVID, Geoffrey Fletcher, Sean Billings, Philip Mabon FCIM, Sandra Harnor, Bill Christie FCBI, Niki Strachan, Letia Snyder, Richard Hodder, Colin N., Claire Vaillant, John JB Russell, Abdur Rahman Ilott, Uma Mahida, Jonathan Shack, Karin Foster, 🌟 Kathryn Horler 🌟, Andrew Stiles, Richard Scott ✔, Alex Barton, Clare Horsley- Client Engagement Specialist, Bethan Mary Thompson, Richard Crossman FRSA, Mark Tricker, Tom Philpot..... Continued in comments below this post. You have all truly showed what community means this week thank you for playing your part in the week that was! #Respect #Networking #Community #Future #Business #BadgeOfTrust #Family

Pfffft. Accounting can't be that hard – I’ll just do it myself. To this brave soul, we wish you the best of luck :) Accountants are trained professionals, who are there to help you navigate and strategize your finances. A good accountant will have strong business acumen, and will understand the ins and outs of a variety of businesses. A good accountant will also display strong computer literacy, making use of advanced accounting software to work efficiently. Lets not forget, too, that mathematical skills and a knack for data analysis are a must. So if you are… lacking… in any of those departments, you may consider hiring an accountant this tax season. Your wallet will thank you :)

It's a wonder that they never taught us how to do our taxes in school… Probably because the tax man wants you to slip up – so he can come and take your hard earned money! We are here to make sure that doesn’t happen. In fact, when planned correctly, you can even get some money back during tax season. Interested in learning how to make that happen? Got some questions about your tax returns? Drop us a question in the comments below, and we’ll be happy to share our knowledge and keep you in the green!

Are you a business owner who counts dollars instead of sheep as you fall asleep? Let’s face it, the more you understand your business’s finances, the better you will be able to manage them, and the more likely your business will thrive! So here’s a quick tip to keep you in the loop about your own financial wellbeing: Start making cash flow statements! These statements serve to give you a broader understanding of the movement of money within your company. Essentially, it monitors the direction of your income, and your expenses. The great thing is, you get to clearly see where your money is coming from, where it's going, and when. This gives you the info you need to better anticipate expenses, visualize payment cycles, and, as a result, better allocate your income. Cause you gotta spend money to make money 💰

I eat a lot of ice cream – but unfortunately I can’t write it off as a business expense…

It might seem obvious – but do you know the difference between an invoice and a receipt? A common mistake we see from small business owners is that they aren’t aware of the difference between the two. This can result in confusion and mistakes when managing your finances! Simply put, an invoice is the bill that you send to your customer after they have received your service. A receipt, on the other hand, is the proof that a transaction happened – given to the customer after you have received payment 👍 If you mix these two up, it becomes very difficult to balance your books. What ends up happening is you can’t tell what's been completed and what's still in progress! The last thing you want is to miss out on money that's owed to you due to a simple mismanagement of your paperwork. So know the difference, write your invoices and receipts when the transaction occurs, and you’ll be laughing all the way to the bank!