The Benefits of Financial Statement Audits Go Beyond the Audit Report
Financial statement audits have benefits beyond the audit report. Most businesses won’t get the benefits because they see the audit as a necessity to abide by the law, not to improve their business. Small and Medium Enterprises (SMEs) rarely have the skills they need to…
Tax Implications of Changing Your Accounting Year
A company’s accounting year is the period for which it prepares its annual financial statements. It must consistently prepare its financial statements to that date. This enables users of financial statements to compare performance between years. Changing your accounting year has tax implications. It poses…
How to Manage Cash Flow with Accounts Receivables
Cash flow, the total amount of money moving in and out of your business, affects how much cash you have. If cash is moving out faster than its moving in, you may run short of cash and may have to raise funds through borrowing, sale…
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