CA NeWs Beta*: ICAEW Accountants launch small business advice service

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Wednesday, October 5, 2011

ICAEW Accountants launch small business advice service

Small businesses in Swindon are being offered free expert advice from
chartered accountants as part of a recently-launched initiative.

The Business Advice Service (BAS) aims to help small companies and
start-ups with business and financial advice to spur economic growth.

Small and medium business (SMEs) owners can contact accountants in
their area on a variety of issues, both large and small, and there is
no future obligation.

Some 200 Institute of Chartered Accountants in England and Wales
(ICAEW) practices across the region have already signed up to offer
the initial free consultation under the scheme.

ICAEW’S latest quarterly Business Confidence Monitor (BCM) showed
regulatory requirements (36%), access to capital (26%) and late
payment from customers (26%) are now greater challenges to companies’
performance than a year ago – all issues that an ICAEW chartered
accountant can help with.

ICAEW executive director Robin Feith said: “Start-ups or growing small
businesses need the best advice to succeed at a time of fragile
recovery and limits on public spending. There is a clear need for
expert business advice which helps SMEs and start-up businesses become
engines of growth.

“In response, the Business Advice Service will offer SMEs the
opportunity to discuss their business with a qualified chartered
accountant through a free initial consultation. ICAEW Chartered
Accountants will be able to offer expert advice on a whole range of
issues facing them – from starting a business to turnaround,
restructuring, financial management or taxation issues.”

The scheme was launched  in Bristol by the Lord Mayor Geoff Gollop, an
accountant himself, who said: “Small firms are the bedrock of the UK
economy but some also need financial management support. This service
is an example of how businesses can work together and will hopefully
lead to local economic growth and potential job creation.”

Small businesses can find details of ICAEW chartered accountants in
their local area at www.businessadviceservice.com . Those
participating in the service will also carry the BAS symbol.

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