Pharsyde is doing a series of blog posts designed specifically to raise awareness with regards to common statutory submissions: what they are, why they exist and when they are due. This post deals with the Skills Development Levy.
Pharsyde is doing a series of blog posts designed specifically to raise awareness with regards to common statutory submissions: what they are, why they exist and when they are due. This post deals with Provisional Tax.
Have you ever wondered why your accountant gets so bent out of shape when you lose a slip or invoice?
Regardless of your company type and size, you need accounting records and those records need to be turned into financial statements every year. But do you need your company’s statements to be checked and signed by an auditor?
There are so many reasons why accounting records are beneficial to a business....
We have dealt with the difference between your income statement and your bank statement in a previous blogpost, so in this one we will deal with why there is a difference between financial profit and taxable profit.
The choice of an accountant is a fairly subjective thing – you need to pick someone that you will be happy to deal with for a long time. But, no matter your personal preferences, there are some common things that you should definitely be looking for.
While not all small business owners fully understand the Income Statement and Balance Sheet, most recognise them and have a broad idea of what they are and how to use them. However, the Cash Flow Statement is probably the financial report most responsible for confusion, blank looks and mild panic in small business owners. This is a shame, because it’s actually an extremely handy report that can give you some very valuable insight into the health of your business.
Your Income Statement has a lovely healthy profit but your bank balance is moth-eaten and sad, how can both be accurate?
Managing your cash flow and forecasting not only helps you stay on top of things and stay in business, but it is also a vital part of business strategy. It should be your number one priority as a business owner.
