The Secrets to Getting Paid Faster For any business, making sure invoices are paid on time, can be a big job. If not managed properly, payments can be consistently late. If paid late, then you may well struggle with your cash flow: with paying your debt obligations and funding your operating expenses. No cash, no…
How Good Are You at Webinars? Webinars and Glossophobia With the arrival of Covid-19, and the associated restrictions on business, the need to keep in contact with clients and potential clients has never been greater. Sending out newsletters is one way. Holding webinars and podcasts are a couple of other ways of doing so. BUT,…
7 Practical Business Considerations… Here are some fairly practical business actions from your chartered accountant you can take to improve both the customer’s experience and to track various actions you have taken in your business. I’m also pleased to announce our new accountant, Nancy Tran, who joined us recently. 1. A Case of a Nice Surprise for…
Beware The Loaded Question When Interviewing Job Applicants! (Accounting Advice on questions to avoid when conducting a job interview) Employment law is a real minefield with extra mines being laid every day. The following list from your chartered accountant might help you to avoid tripping some of those mines at the job interview stage. Of…
How to Enjoy all the Bells and Whistles without the Tax Headache (Accounting Advice to make Entertainment Expenses Tax Deductible) Parties and gifts are all part of the festive fun but they can cost a small fortune. Here’s a list from your Chartered Accountant of the rules around entertainment expenses so you know what’s deductible and non-deductible…
Eliminating those little annoying, profit-draining mistakes I’m sure we have all had moments when you are thinking “I’m so busy fixing yesterday’s mistakes that I don’t have time to think about tomorrow.” Little mistakes, frustrating mistakes, morale-sapping mistakes. Bloody mistakes! Not to mention profit-draining little mistakes. Should we tolerate this situation and accept it as inevitable? I,…
The Importance of Your Financial Management Reports… Understanding Your Monthly Management Reports – Preparation of monthly financial statements contributes greatly to the management of your business. Information provided in a monthly management report provides a useful summary of what’s going on in your business. It is the key to understand the performance, progress and productivity of…
Ideas for When Selling or Winding Up Your Business… A stressful time for all. Small business owners are usually very good at what they do, often multitasking and juggling many tasks and working long hard hours. The way they feel about selling or winding up their business will most likely be tied to their motivation…