Have you ever wondered why your accountant gets so bent out of shape when you lose a slip or invoice?
The following is a high-level checklist / key considerations for executives and business owners alike. It was written specifically for those re-opening doors after the covid-19 lockdown, but the principles can be applied to any disaster or first-time business launch.
Regardless of your company type and size, you need accounting records and those records need to be turned into financial statements every year. But do you need your company’s statements to be checked and signed by an auditor?
There are so many reasons why accounting records are beneficial to a business....
We have some advice for business owners who have become employers of large staff complements.
You're a good person, you want to do good. Just don't fall into the trap of giving away your time or knowledge for free, it doesn't do the good you think it will.
We have dealt with the difference between your income statement and your bank statement in a previous blogpost, so in this one we will deal with why there is a difference between financial profit and taxable profit.
Building a business is really, really hard. Do not believe the sugar-coated stories about success. If you want to build a business, it will involve a LOT of hard work, many sleepless nights and many, many moments of wondering why.
The choice of an accountant is a fairly subjective thing – you need to pick someone that you will be happy to deal with for a long time. But, no matter your personal preferences, there are some common things that you should definitely be looking for.
The Corona virus has changed the world as we know it, albeit temporarily, and all the measures put in place to protect us have had a very adverse effect on many small businesses! Don't panic...
