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Will accountants for contractors use ICAEW’s new business advice service?

Will accountants for contractors use ICAEW’s new business advice service?

Contractor accountants may be interested to learn that the Institute of Chartered Accountants in England and Wales recently launched a business advice service.

The service, which is being administered by SOSCA, covers Dorset, Hampshire and south Wiltshire and was launched on the day Business Link closed down local services.

The aim of the service is to provide small businesses and start-ups with the financial and business advice they need to enable them to play a part in the economic recovery. Owners of small businesses can contact local firms on a range of issues and they will be under no obligation to use that firm in the future.

In excess of 350 ICAEW practices will offer a free initial consultation under the business advice scheme.

Henry Flint, the president of SOSCA, explained that he had a business background and a lot of companies are in desperate need of good advice at the moment. The Business Advice Service provides them with a place to obtain impartial free advice and will fill the void left by the closure of Business Link. He went on to add that he was keen to see member firms provide help to local business owners.

The deputy president of ICAEW, Mark Spofforth, said small business owners need the best advice if they are to get through the fragile recovery. BAS will provide the opportunity for SMEs to have a free consultation with a chartered accountant to discuss their concerns. ICAEW Accountants can offer advice on issues such as starting a business, financial and taxation matters and restructuring.

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