How to Prepare for a Financial Audit
Financial Audit! The word can start bringing anxiety attacks for a lot of businesses. The night sweats, heart palpitation and existential crisis are quite normal but we are here to tell you that it doesn’t have to be like that at all. It might be daunting and usually is time intensive as well, but it […]
Year-End Accounting Checklist for Small Businesses
It’s beginning to look a lot like Christmas! Well not exactly now but, it’s almost December and you are already planning your family nights, writing your gratitude journals, thinking of shopping, and practicing your carols. Before the church bells start to jingle, there is something lurking in the shadows. Yes, this is how a scary […]
Tax Planning Strategies for Self-Employed Professionals
Taking that one step towards being self-employed will seem exciting and nerve-wracking at the same time. You might be the subject of envy within your 9-5 groups as well but one thing they might know is that the tax process for self -employed is a little more complex than theirs. We are not trying to […]
Understanding Payroll Compliance for Small Businesses
You start a business, your employees do the work they are assigned, things get done and you pay them right? It sounds really simple and in a perfect world, but it’s not! When starting a new business, an employer always has to think of a million little things so that their business is running smoothly. […]
Financial Planning for Startups
Let’s start with a gospel truth: A startup won’t start without proper financial planning. Yes, planning for the kind of service you are going to provide, how to market them, sell them to clients, your market share etc are really important but without any proper planning, they all remain in the world of “Wishful thinking”. […]
Bookkeeping vs Accounting: What’s the difference?
Newcomers in the industry often confuse the terms “bookkeeper” and “accountant,”. There are differences between them that are important to grasp. Even though both roles have objectives in finance management they serve purposes at various stages of the accounting process. It is vital to discern these variances to ensure you make a decision that best […]
