A new business will require the services of an accountant to help deal with its financial obligations, not least those involving tax and HM Revenue & Customs. The Business Lounge gives some tips on how to choose an accountant.

“Accounts” can be a general term banded about, often instilling fear in those not financially minded. Here we give you a first step to start understanding accounts and some of the simpler terms used in them.

If you run a business, your accountant can prepare accounts for you. While you may consider accounts to be just a pain, they do have a number of uses.