If you’re a business owner, you know that debt is part and parcel of running a business. A business loan can help you get your business off the ground, lines of credit can help you manage cash flow, and a credit card can be a lifesaver when you’re short on funds. Debt managed well can … Read more
Businesses in all industries are starting to turn to outsourced accounting services for help managing their finances. Outsourcing accounting services can provide a great deal of cost and time savings, allowing businesses to focus on what they do best and leave the financial busywork to experienced professionals. An outsourced accounting partner can provide a great … Read more
Capital expenditure, or CAPEX for short, is essential to any business. It is important for business owners to understand CAPEX and what it can reveal about your business. You may have a lot of questions about CAPEX. What is it? Why is it important? In this blog, we’ll answer all those questions by giving you … Read more
For business owners, human resources (HR) is a critical aspect of running a successful organization. From recruitment and onboarding to employee reviews and benefits programs, managing your company’s HR responsibilities requires careful coordination and frankly, a lot of work. As your business grows, the demands posed by HR can become overwhelming. That’s where business process … Read more
The Top 3 Ways to Value Your Small Business Determining the value of a small business is not always a straightforward process but it is worth the effort to get an accurate valuation. But you may be wondering why it is important to have a business valuation in the first place? There are actually several … Read more
The world of accounting is changing. And it’s all thanks to blockchain. Yes, that’s right. The same technology that powers Bitcoin is now being used to revolutionise how businesses keep track of their finances, and accountants must adapt to reap the benefits of this innovative new technology. What is blockchain? To understand how blockchain is … Read more
The accounting industry is growing rapidly, and with this growth comes an increased demand for qualified accountants. Unfortunately, the global skills shortage makes finding and retaining qualified workers difficult as accounting firms struggle to find the talent needed to maintain high standards. Many accounting firms offer a comprehensive suite of services, including bookkeeping, accounting, payroll, … Read more
What do you need to know about data security? Accounting firms are responsible for a wealth of sensitive client information such as tax file numbers, bank account information, and financial data, making them a prime target for cybercriminals. The loss of clients’ sensitive information can have devastating consequences for the client and the accounting firm. … Read more