The question, “what is a virtual CFO”, is probably one of the most asked questions in the business and corporate world today. You may not have even heard the term until fairly recently. Remarkably, CFOs, or Chief Financial Officers, are not a novel concept. Traditionally, they were the people who effectively held the purse strings …
These days, cloud accounting solutions are catching like wildfire. As the benefits of these solutions become clearer by the day, more business owners are taking advantage of cloud technology to transform their business. However, even for businesses that have made a firm commitment to move their accounting processes to the cloud, one key issue remains: …
As more and more businesses jump on the cloud accounting bandwagon, it’s becoming clearer that there’s really no other way to go. With 78% of business owners laying plans to implement a cloud accounting solution in 2020, there’s no doubt where the majority opinion lies. Why are business owners around the world so interested in …
What would it feel like if you could access all your accounting documents and information from any device? Imagine being able to review any account, at any time, on any device, whether you’re at home, at work or on vacation. How much stress would that save you? Well, you don’t need to imagine much longer, …
“Show me the money!” is no doubt one of the most popular movie lines ever. 24 years after the Jerry Maguire movie, the statement makes even more sense. That’s because this is exactly what accountants do with Financial Statements. We show you where the money is! Imagine running a business without keeping tabs on what …
Most criminals regardless of jurisdiction use corporate structures as the number one vehicle for disguising and moving illicit money around the financial system. The concept of beneficial ownership became popular due to this misuse of companies by criminals to hide their true identities. As a business owner, we hope by now you should be aware …
In the quest to save money by doing everything themselves, business owners and entrepreneurs may overlook certain post registration legal requirements which may haunt their companies in the future with large statutory fines and penalties. Most business start-ups are required to make tough decisions where the allocation of resources is concerned, especially if the owner …
8 Post Registration Legal Requirements for Companies Read More »
If you asked an accountant why your small business needs financial statements, odds are they’ll look at you with disbelief, and then probably think you’re joking. To an accountant, that question is pretty much like asking, “Do I really need periodic medical checkups?” Or “Isn’t having a head with eyes a little bit overrated?” That’s …
4 Reasons Your Small Business Needs Financial Statements Read More »
More than half of all business startups fail within 5 years. One of the primary reasons is because they fail to engage a professional to handle their books and
finances.
Too many businesses fail miserably, even before they reach their
first anniversary. Have you wondered why this happens? This article explains 6
reasons small businesses fail and what you should do to make sure you don’t end up
the same.