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One of the most important aspects of running a successful small business is payroll management. It entails overseeing employee pay, keeping track of their working hours, and ensuring compliance with tax laws and regulations. In this blog, we will go over the fundamentals of effective payroll management for small businesses, as well as GST and…
As a business grows, payroll matters typically only become more complicated. For those in charge of payroll, it’s usually a slow boil as the company scales up and brings in more staff and contractors over time. Sooner or later, it can feel like payroll has become a complicated, difficult, and time-consuming task almost overnight. The…
History In 1990 Hiram Long inherited an accounting practice from Allen Dale – a friend and colleague who had passed away. After being overwhelmed with work Hiram reached out to Neville Cowan to join the accounting firm as a partner and Long + Cowan was created. Neville Cowan at the time was the treasurer at…
Thanks largely to the COVID-19 pandemic, staff turnover is on the up and up. Firms are losing staff and finding it tough to hire staff. But what if you were to improve workplace conditions? In this newsletter, Long + Cowan is taking a look at employees and how we employers can be supportive of our…
Track small business cashflow without spreadsheets The cashflow newsletter Your chartered accountant considers the question of how to best manage or rather record your cash flows. A particularly pertinent topic in these turbulent times. Cash flow is critical to business survival. If you have any concerns at all about your cash flow, and not just the recording…
A formula for success “Would you like me to give you a formula for success? It’s quite simple, really: Double your rate of failure… You are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and…
The Financial Health of Your Business At a Glance – Part 2 Financial Health – Part 2 This is the second of the two articles we, as your certified chartered accountant, have written to you to help with the understanding of the “ins and outs” of financial management for your business. In this article we take…
The Financial Health of Your Business At a Glance – Part 1 Financial Health – Part 1 We’re developed a couple of articles to help with your understanding of the “ins and outs” of financial management for your business. It’s all very well checking the firm’s online bank statement but proper records are vital for…
In a Covid-19 Lockdown Now’s the Time to Upskill Now’s the Time to Upskill Thanks to the Covid-19 lockdown, now is a great time for updating your business skills or even upskilling yourself and maybe staff, especially if you are unable to go to work, or work reduced hours and/or from home. Continuing Professional Development…