Apr 1

Apr 1 Why You Need An Accountant and How To Choose One

Business Knowledge, Planning, Accounting

Unless you’re an experienced accountant yourself, it’s always best to have an expert overseeing your financial business affairs. As a business owner, you’ll probably be juggling several roles, but it’s not wise to spread yourself too thin where money is concerned. And even though accounting software does most of the hard work (reconciling bank accounts and even producing draft profit and loss accounts), accounting software doesn’t actually think. This is where the expert comes in.

Preparing end-of-year reports and filing taxes can be complicated. If you’re not doing it right, you could be liable for penalties, or at the very least, not taking advantage of tax gains and financial opportunities. An accountant can not only make sure your business remains compliant (and pay as little tax as possible) but also help you analyze your business performance and work with you to achieve your goals.

Mar 20

Mar 20 Collaboration: 5 Reasons It’s Essential To A Growing Company

SBAI

Planning, Business Knowledge

Many elements are vital to a growing company’s success. A financially-astute leader is one. A confident and motivated sales team well-versed in a company’s product and service line is another. But starting and growing a business requires more than employees with extensive functional skills and appropriate personal characteristics.

Mar 10

Mar 10 How To Raise Capital For Your Business

SBAI

Accounting, Planning

Before you go down the path of seeking capital from outside your business, identify any other ways of raising capital. For example, do you have any savings (either in the business or you personally) that you could use? If you have unused assets in the business (machinery that’s not used very often, buildings or excess stock you could quit), then weigh up the advantages of selling these first.