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Accounting and Tax Guide (Page 6)

6 Key Benefits Of Accountants For Business Owners

With a growing economy, it's no surprise that many business owners have started looking for new ways to save on their accounting costs. Accounting is a vital facet of every business, and a business owner’s inability to manage this aspect can become the reason why their businesses will become short-lived. Fortunately, this is where accounting professionals come in to help. There are a number of benefits to hiring accountants. These professionals have a... ❯❯❯

Why does a startup need to hire an accountant?

For a new business owner, accountancy can seem like a simple process where one simply fills up some tax documents and adds a few numbers. But if you try it once, you will get to know the complexity of it all! Accountancy has never been easy, or straightforward in the history of human civilization. Accountancy has become even more specialized than ever before. Only a certified accountant is reliable to handle the financial complexities that can confound a... ❯❯❯

How To Protect Your Business's Cash Flow

How To Protect Your Business's Cash FlowThese are unprecedented times. Your business’s income might not be steady, and perhaps many of your clients are experiencing similar issues, causing them to make late payments, or not to honour your agreements at all. Not out of spite, of course, but simply because of hardships of their own. Or you might just work in an industry with long payment terms. It’s nice to see the influx of money on paper, but in reality, what happens when you need it now? You... ❯❯❯

Long-Term Drivers for the Valuation of Gold Bullion

Oct 17, 2020 Gold is one of the most sought precious metals in the world of investment. It has a long history, and its price has never touched zero in the last 3000 years of history.  Just like other precious metals, gold prices also fluctuate. If you are keen to know the long-term drivers for gold bullion valuation, click here. Economic Expansion and Prosperity The gold bullion prices are heavily dependent on that country’s economic growth and... ❯❯❯

What Services Does A Chartered Accountant Offer?

Accountancy is a field that sees many fluctuations and updates that keeps changing according to the passage of time and the need for the time full stop these changes in the accounting field take place on a global level that is why there are many responsibilities on the shoulders of a chartered accountant. The field of Chartered Accountancy is not just about auditing and taxation anymore.  Now it involves many other services that add great value to a... ❯❯❯

5 Services Your Business Should Outsource

A growing business can be a blessing and a curse. At the same time, you’re seeing your income grow, but with it your workload and perhaps levels of anxiety. More work means more deadlines, after all. The solution? Outsourcing. Not only does outsourcing save you time and mental energy, but it can even save you some money! Here are our top 5 things to outsource if you want to make your life easier! Starting from the bottom of the list to help you... ❯❯❯

How do you increase Sales in an Accounting firm?

Sales! The scariest word in an Accountant’s dictionary. Are you content with the 5-10% increase every year through word of mouth? Why not try and implement some professional sales techniques to try and improve revenue grow. As one of the directors at Archimedia Accounts In Nottingham it become almost an obsession of mine to figure out what are the best ways for an accountancy practice to generate new business. I decided to throw myself into it 100% and... ❯❯❯

Understanding The Impact of Debt on Your Business

Understanding The Impact of Debt on Your BusinessDebt is something that many Americans will take on in order to deal with a current problem or get something they want. These can be student loans, credit card debt, and mortgage loans. Loans don’t just affect you. You should also know that your loans will have an impact on your business. What You Should Know About The Impact of Debt on Your Business The impact of debt on your business can be seen as a problem. It certainly is an issue for individuals... ❯❯❯

The Critical Importance of an Accurate Balance Sheet

The Critical Importance of an Accurate Balance SheetBalance Sheet is also known as Statement of Financial Position as it shows the financial status of the business as of a given point in time. Whether the business is a sole proprietorship, a partnership or a corporation, it is critical that balance sheet is accurately prepared. It is a compulsory part of the Financial Statements as it shows what your company owns as well as what it owes. Therefore, it is also important that accountants or business-owner... ❯❯❯

Personality Tests for Employment: What You Need to Know

Pre-employment assessments are commonly used in the recruiting and hiring process for many companies and corporations. Berke is a company that specializes in pre-employment assessments that measure problem solving and personality traits that are specific to the needs of your business. Berke is able to send a report regarding the assessment results immediately after a candidate finishes their assessment. The report that Berke provides is simple to... ❯❯❯

Tips to Manage Your Student Loan

College fees are high and the number of students who have to fall under the burden of student loans is incredibly high. Sadly in order to continue their studies students have to take this step. Because of this students who have student loans suffer from stress in money and finance and the reason is not only the studies, the loan adds up like a nightmare.  If you are having a hard time because of your student loan then know that you are not alone.... ❯❯❯

5 Common Issues That Arise in Corporate Governance

Corporate governance includes those people working in a corporate business for companies that have something to do with the way the corporation is running. It includes the whole executive and administrative staff, stakeholders, and other members of the corporate business. Ideal corporate governance is going to be extremely beneficial towards the profitability and recognition of the company. The corporate businesses that have ideal corporate governance... ❯❯❯

When to Hire an Accountant

When running a business, it can be hard to know when to reach out and add extra help to your team, whether that’s employees or just external service providers. With the wealth of accounting software today, it can be just as hard to know when to hire someone to help you manage the financial side of the business. Accountants primarily can help you to establish the legal structure of your business, provide experienced advice around accessing finance as well... ❯❯❯

How to Choose the Right Credit Card in Your Country

Credit cards are useful and convenient. If you know how to use them properly, they can be your best buddies. However, how do you choose which credit card is right for you? Let’s answer that question. What will you use the card for? Before you choose a credit card, ask yourself the main reasons why you need the card. Low-interest cards are best if you’ll use the card for general spending For business spending, search for more card options If... ❯❯❯

A Simple Guide to Teach Your Children Responsible Use of Debit Cards

A Simple Guide to Teach Your Children Responsible Use of Debit CardsMoney management is one of the hardest yet most necessary teachings that the parents could give to their children. Most of the parents use debit cards to help their children manage money. However, most of them are afraid to put a debit card in the hands of their children. While you should not let your children have unlimited access to your debit cards, you need to teach them the ways they can handle their Spendsafe debit cards responsibly. The best... ❯❯❯

How Much Should You Be Paying for Your Accounting?

Financial management is not something that should break the bank. However, it can be tough to figure out whether your accounting costs make sense or not. Even for companies of comparable sizes that fall under the same industry, their accounting costs can differ greatly.  In 2015, SCORE (a non-profit business organization) estimated that the yearly accounting expenses for small businesses hover around $1,000. About 23% of small businesses spend less... ❯❯❯

The Essential Things to Know About Tax Audits in Dubai

Approved auditors in Dubai are in high demand after the new Value Added Tax (VAT) law was established in the United Arab Emirates (UAE) in 2018. Two years later, the rules and regulations for companies across the UAE are clear and in place, meaning there is no justification for not abiding by them. As a way of ensuring that businesses across the country are paying the required taxes, the government has implemented a system of tax audits that assesses... ❯❯❯

ABLE Accounts - What Are the Advantages of an ABLE Account?

Families that have children with special needs face innumerable challenges regarding their education/vocational training, therapy, skilling, safety, physical and emotional health. Added to this, one of the worries that continues to haunt them throughout their life is how the person with a disability will cope in the future. Persons with disabilities face additional costs for care, mobility, transportation, nutrition, etc. The US Government has taken... ❯❯❯

Should You Take Out Personal Loans for Your Company?

If you go through the website of a bank or any other private lender, you will come to know about the various types of loans that they offer. One of these is a personal loan. This type of loan is normally used by a person to pay off credit card debts that normally bear a large interest rate, home improvement projects, and even some unexpected expenditures. You will be surprised to know that there are some personal loans that can also be used for business... ❯❯❯

5 Key Differences Between ERP Systems and Accounting Software

5 Key Differences Between ERP Systems and Accounting SoftwareIf you're mulling over whether to buy accounting software or an Enterprise Resource Planning (ERP) system, it would be wise to consider their differences. Some small companies may opt for accounting software for fear that a more integrative platform like an ERP could require a needlessly lengthy deployment with little ROI. Yet, such doubts can easily be dispelled since businesses are realizing that with increasing competitiveness a company can't afford to... ❯❯❯