Doing Your Own Bookkeeping Doing your own bookkeeping is easy if you have the systems set up correctly from the start. If you are computer savvy there are many software programs available to make your bookkeeping easy to keep on top of. The cost of these accounting systems varies tremendously, from free versions like Wave Read more about Doing Your Own Bookkeeping[…]
When your company is growing, hire an accountant Companies don’t always grow at a steady rate. A new client or a big project can mean you need to grow your business more quickly than expected. An accountant can help you handle growth transitions, such as hiring employees or taking on more office space. They’ll Read more about When you grow fast and need a loan[…]
Get an accountant’s advice before you buy a business Some people start their new business from scratch, others prefer to buy one that’s already up and running. You should always consult an accountant before buying an existing business. They will be able to look into the company’s accounts in detail and find out if Read more about When you buy or sell a business[…]
Hire an accountant when you’re ready to delegate As a small business owner, no doubt one of the things you like best is that you have control. You can set your own working hours, craft your business strategy, regulate your workload (at least to some extent) and determine your own finances. And being the Read more about Ready to delegate?[…]
When does a small business need an accounting company? Accountants can help at various stages during the growth of your business. They can handle much more than just your payroll and tax returns. So, when should you consider hiring an accountant for your small business? There are good reasons for hiring an accountant at different Read more about When should you hire an accounting company?[…]
Advice for what legal structure to use for your company Not all businesses have the same legal structure – there are different types that are determined by a number of factors. You might choose to set up a corporation or a partnership; you could also be a sole proprietor. It all depends on how much Read more about Advice for what legal structure to use for your company[…]
When dealing with the government It can be daunting dealing with government paperwork when you run your own business. This is why so many small business owners hire an accountant when the first tax filing is due. But they can also help you cope with more than just tax returns. They can help your company Read more about When dealing with the government[…]
When you get audited It’s statistically unlikely that your company will be audited, because there are so many small businesses and relatively few government auditors. But if it does happen to you it can be expensive, stressful and time-consuming. If you don’t already have an accountant at this point, it’s a good time to hire Read more about When you get audited[…]
Save on taxes Some accountants will do little more than manage your accounts and complete your tax return forms, but the best accountants are more proactive. So before choosing an accountant, ask what they could suggest to save your business money. For example, what proportion of your operating costs do they think you can offset Read more about Save on taxes[…]