Life-Changing Events When You Should Absolutely Hire a Business Accountant
Posted on:
24 November 2021
If there is one thing you can be certain of in life, it is having to adapt to change. When running your own business, the reality is that no matter how much you try to separate your work and your personal life, some major life changes will likely be accompanied by an aftershock to your business. This form of financial shake up can either bring challenges or opportunities to your business, forcing you to make overwhelming decisions.
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Getting a Better Understanding of Tax Depreciation
Posted on:
19 September 2019
If you are an individual or business looking to invest in property/assets or have already invested, you need to have a better understanding of tax depreciation.
Depreciation is when an asset ages and wears out over time. If you look at the definition of an asset, it can either be something tangible (equipment, building, etc.) or intangible (trademarks, goodwill, copyrights, etc.). Of course, an intangible asset cannot wear out over time, therefore, intangible assets are not depreciable.
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Why Outsource Your Accounting?
Posted on:
19 July 2019
Many people who run a sole trader enterprise or a small business with only a handful of employees undertake all of their own accountancy work. This may make sense if you have a very simple business model that is relatively easy to account for. However, things soon start to get harder to manage when the number of clients and suppliers you have begins to expand. Although some businesspeople are capable of doing their own basic bookkeeping in the first year or two after setting up, it becomes increasingly difficult and you are in ever-increasing danger of making a crucial error.
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4 Types of Liability Insurance That Can Protect You
Posted on:
29 June 2019
Today, people are only excited to run down to their lawyers and file a lawsuit once they feel that they have been offended by someone else. Lawsuits can be expensive, particularly when it comes to hiring a lawyer. Therefore, it is crucial to obtain liability insurance to protect yourself from losing everything that you have worked hard to achieve. The insurance protects those that have been covered against claims of people injuries and property damage.
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