Why do businesses fail? It’s a question that’s been asked since the dawn of commerce but the answer is not always black and white. Sometimes it’s a combination of factors that leads to the demise of a company, while other times it may be just one thing that causes the business to fail. A successful … Read more
Many business owners don’t give bookkeeping the attention it deserves. After all, it’s just keeping track of the money coming in and going out, right? But if you want your business to be successful, bookkeeping is key. Bookkeeping is the backbone of any business, small or large, and it provides critical financial information that businesses … Read more
Selling a business can be a complicated and emotional process. Selling a business can take months or even years, and you want to ensure that the process goes as smoothly as possible. It’s essential to start planning as soon as you decide to sell to allow yourself time to get your affairs in order and … 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
A start-up is a new company or enterprise in the early stages of development and is usually characterised by innovation, creativity, and risk-taking. While start-up companies tend to be small, they often have big dreams and aspirations. To achieve their goals, start-ups must be well-organised and have a clear financial strategy. Many start-ups are founded … Read more
With the global pandemic shifting the way we work, the landscape of employee management has changed dramatically. Perhaps one of the most significant changes is the rise in remote work, and now, as things start to return to some sense of normalcy, hybrid work models in accounting firms are emerging as the new norm. The … Read more
No matter the size, every business is at risk for cyber security threats, and accounting firms are no exception. In fact, accounting firms are at increased risk due to the sensitive nature of the data they handle, such as bank account information, identification data, tax records, and credit card information. This data is highly attractive … Read more
It happens to the best of us. We meet with a prospective client, we think the meeting went great, and then… crickets and the deal falls through. Maybe they found a better deal elsewhere, were unhappy with the services we offered, or just plain forgot about us. Whatever the reason, it can be a blow … 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
“Goodwill” is often a term thrown around in the business world, and business owners refer to “goodwill” when discussing their company’s value, but what exactly is it? Goodwill is a term used in accounting to refer to the value of a company that is not attributed to its tangible assets, such as buildings or equipment. … Read more