Working from home in your own business means handling your own accounting, taxes, and financial duties you may have. The financial items an employer would normally handle, are now in your hands. For some who work at home, keeping the books is fairly easy. However, there are some cases where handling the books yourself may be too overwhelming. This is especially true if your business experiences ups and downs in inventory or in client orders during certain seasons.
22 December 2020
Are you considering buying an existing business and merging it with your own? Mergers and acquisitions are some of the most complex business transactions any owner can undertake. They have many moving parts and require diligent supervision and planning. One area of planning that's essential is that of business financial planning. Here are a few key reasons. 1. You'll Have Upfront Purchase Costs The cost of buying or merging with a business may be a little (if the other business isn't doing well, for instance) or it may be significant.
29 September 2020
Has your accountant talked about capital assets yet? Many business owners own important capital assets but may not fully understand how these affect the business's finances. To help you maximize the utilization of your capital asses and minimize expenses, here are a few key things to know about this concept. What Is a Capital Asset? A business has many different types of assets, which are generally divided into two categories: capital and ordinary.
9 July 2020