When a business owner receives a notice stating that their tax return or their business is going to be audited, the first thing they should do is seek professional tax advice. This is common for all types of people; when they receive collection letters, they should get professional tax advice. Many issues can arise as […]
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Bookkeeping your SME may seem like an easy task. Bookkeepers play a crucial role when it comes to bookkeeping your SME. Bookkeeping can be done in many ways such as collecting, organising and taking note of invoices. If you are a small to medium enterprise this guide will help you with why you need bookkeeping. […]
Nominal accounts record the financial transactions of a business in a particular category. For example, purchase accounts, sales accounts, salary A/C, and commission A/C otherwise known as temporary accounts. Nominal codes are unique reference numbers given to each ‘nominal’ account for a business. Continue to read to find out more about these accounts and codes.
In this digital age we live in, there are bound to be ways individuals try to cheat the system which can lead to detrimental consequences. Accounting fraud is the illegal alteration of a company’s financial statements in order to manipulate a company’s apparent health or to hide profits or losses. Continue to read on to […]
Most businesses require a leading body to instruct the direction of the company. This usually refers to assigning specific tasks to employees, taking charge of operations so everything runs smoothly and making sure targets are met. There are different types of management styles that cater towards different types of businesses. Each management offers its unique […]
An audit can provide numerous benefits to your business such as detecting fraud, planning and decision making. This is a guide about why you should audit your Small to Medium Enterprise. What is auditing? An audit helps to analyse your business financial records to improve accuracy. When auditing for small businesses, your businesses financial statements […]
Accountancy is essential for every start-up, this guide is for every start-up that has struggled with accountancy. This guide of will show the ins and outs of accountancy and how a start-up will reach your full potential as a business. Here are the following accountancy tips for start-up firms. . Knowing the laws & legislation of […]
Accountancy is essential for every business, regardless of if you’re a start-up, sole trader or fully featured business. Outsourced accounting gives a lot of benefits to start-ups because you will gain financially. If you’re good at something never do it for free Spending your time on what you are good at. If that means running […]
Every sole trader needs a guide to managing their financials. Your financials could be anything from expenses to paying your employees. Regardless, knowing yourself, and what you spend daily will reduce your financial burden. This will guide will help get in check of your finances and provide you with useful steps. Don’t rely on yourself […]
Undoubtedly the number one way a property owner can maintain and make the most of their money is by having good and efficient accounting done by professional property accountants. The issue with that, of course, is that there are many different aspect to property accounting that they need to keep track of. Fortunately, we can help you out by giving you an idea of what you need to know when it comes to property accounting, property tax and more.