Cash Basis vs. Accrual Accounting: Which One Suits Your Business Best?
Accounting methods can be a confusing topic for business owners, especially when it comes to cash basis and accrual accounting. In this blog, we’ll break down these two accounting methods and help you decide which one is right for your business. Understanding Cash Basis vs. Accrual Accounting: Cash basis accounting records transactions when money changes […]...
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Diversifying Income Streams: Why It’s Crucial for Your Business
In recent news, Etsy made a significant change by introducing a reserve system. This adjustment meant that some of their sellers found themselves with 75% of their earnings locked up for a lengthy 45-day period. When you consider that the remaining 25% went towards Etsy fees, it left these sellers with minimal income to sustain […]...
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Tax-Savvy Property Investment Strategies for Business Owners
Are you a business owner looking to build a robust retirement fund through property investments but unsure about the most tax-efficient approach? As a limited company owner, declaring...
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Choosing the Right Business Structure for Your Accounting Services: Sole Trader, Partnership, LLP, or Company?
When it comes to starting an accounting business, one of the crucial decisions you’ll make is selecting the right business structure. Whether you’re a sole trader, considering a partnership, thinking about forming an LLP, or pondering a company setup, your choice will significantly impact your finances and liabilities. In this guide, we’ll explore the pros […]...
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