Many small business owners approach tax time with a certain amount of trepidation. They may think that they are prepared, but the reality is that many of them are not and they may be leaving a significant amount of money on the table as a consequence. It is important to have a plan in place to try and mitigate your tax liability as much as possible, so you can take advantage of the benefits and deductions that are available.
26 September 2018
A bad credit report can make it extremely hard for you to access any form of credit or financing in future. That's because lenders will often examine your credit report whenever you apply for any type of financing. A range of reasons can contribute to a bad credit rating. Missed repayments, bankruptcy, debt agreements or loan defaults that may be a result of a change, such as the loss of a job, in your financial standings are some of the aspects that will contribute to a bad credit rating.
14 May 2018
Do you consider yourself to be a creator? If so, you may have come up with a fantastic idea for a new business and are now looking for ways to set yourself up as an entrepreneur. However, don't let enthusiasm get the better of you and make sure that you properly think this through before you proceed. What are some of the key areas to focus on while you make your decision?
28 November 2017
Many small business owners prefer using paper systems to keep track of their finances. This can work well, but there's really no need to soldier on with paper and pen when there are so many excellent online accounting services for business owners to use. Here are just five advantages that come along with making the switch. 1. Reduced Costs As a small business owner, you'll want to make sure that your costs are kept low, and an online accounting service can help make that happen.
11 January 2017
Do you own a small business? Read on and discover some of the different forms of working capital financing that you can select from when you need funds for your business activities. Accounts Receivable Financing Accounts receivables refer to the money that the companies to which you supplied goods or services owe your small business. Such unpaid sums can put a strain on your operations because you may lack capital to run other daily activities of your business.
20 September 2016
When you are just starting up a technology business, it can be very important to find the right accountant. Not only can they help to minimise the tax you pay in the short term, but they can also help to keep a track of your expenses to minimise the tax bill if you do get bought out by a big investor. Research and development (R&D) tax benefits If your startup is in the technology field and is working on either generating new knowledge or processes and has an uncertain outcome, then you may be eligible for an R&D tax offset.
16 August 2016
With the online community growing by the day, more and more businesses are using this platform to streamline how they operate. You now can reach out to a host of individuals to provide you with services related to your business, no matter what industry you are part of. One of the services that more and more business owners are opting to outsource is accounting. The following are some of the reasons why you should outsource these services for your business' accounting and bookkeeping needs.
11 August 2016