The New Director ID Requirements
If you’re a director of a company, this is something you must read as these new changes directly impact you. From November 2021, the government will be introducing a Director ID, and will require directors to verify their identity as a part of these new requirements. The Director ID is a unique identified that a […]
Cryptocurrency and Tax
One of the things investors like best about cryptocurrency is that it is anonymous. You are not required to reveal any information whatsoever about your personal identity in order to hold a crypto address. However, many people make the mistake of assuming that the currency’s anonymity makes it impossible for their account to be tracked […]
Small Business Accounting – Keep the Accounting Cycle Running
We cannot overstate the importance of accounting in today’s competitive business environment. If you own or operate a small business, you are probably aware of the need to keep track of every single cent you make or spend. How Business Accounting Can Help Keeping track of your small business finances is crucial to the health […]
The 7 Deadly Sins that Business Owners Make
Running your own business is an amazingly rewarding and gratifying experience, if done correctly. The sad reality is that the small business failure rate is so high because owning and running a business is not done correctly. It’s no surprise that over 50% of businesses fail in the first 3 years, and while the statistic […]
5 Tips for How to Prepare Taxes for Small Business
Taxes can be a complicated mess, but if you spend some time and prepare yourself to do your taxes as a small business owner, it will not seem so difficult. If you are looking for how to prepare taxes for small businesses, we have five tips that will help get this process started. Tip One: […]
Business Expense: Your Ultimate Guide
Business expense accounting is one of the most important aspects of running a business. In fact, it can be called the foundation stone of any type of enterprise. Broadly speaking, business-expense accounting is simply the cost that your business incurs in order to make sales. By properly classifying these many different costs into different business […]
The Different Types of Accountant
An accountant can perform financial audits, assesses financial operations, and provides consulting services to clients. They help organisations and individuals manage their finances by providing advice and guidance on financial planning, accounting systems, and taxes. How Does An Accountant Work? Accountant begins their work by meeting with their clients to discuss their needs and objectives. […]