To Issue Accurate Financial Statements, You Need a Close Process
Financial statements provide useful financial information about the reporting entity to existing and potential investors, lenders, and other creditors for decision making. As a financial statement captures the financial effect of all activities carried out in the business, the accountant must coordinate with different parts…
Navigating Withholding Tax Audits
SCG Chartered Accountants recently held a webinar titled “Navigating Withholding Tax Audits”. The presenters discussed: Common issues that arise from Withholding Tax Audits. Challenges faced by taxpayers Ways to stay compliant. Below is a summary of the discussion. Common Issues Failure to withhold from payments…
Excel or Accounting Software, Which Accounting Tool Should I Use?
There are two groups where this question rages: start-ups and businesses which do not invest in the tools their accountants need. Start-ups At start-up, the priority of the business is to find clients and generate the cash they need to invest and grow the business….
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