Share Tax can be a nightmare. Not only does money go out of business but a lot of admin work is needed so as to comply. You have to make sure that you file returns on time, make payments within certain dates and use certain documents. That can be too much to gasp for [...]
Share Tax is not a favourite subject for any small business owner. Not only does it involve money going out of the business but it also involves a lot of admin work. Too bad most of us cannot run away from it. How I envy those who leave in the Cayman Islands, United Arab Emirates [...]
ShareYou may be aware that GnuCash is an open source accounting software for small businesses. It is a good alternative to Quicken or QuickBooks. There are a lot of free accounting packages out there but for now we focus on GnuCash. You may be skeptical about open source software. If you believe that you get what you [...]
ShareOne of the business application software that you will always need is invoicing software. Invoicing is one of the most important activities you have to do each day of your business life. If you do not invoice your client then you do not get paid. There is a lot of invoicing software out there. Some [...]
ShareProfitability can be improved two ways. One is to improve sales volume and the other is to cut costs. In times when the economic out is bright, business owners usually concentrate on increasing sales volume in order to improve profitability. That is why most business owners spend a lot of resources on marketing activities such [...]
ShareIf you run a business, you very much know that you cannot just throw away receipts, bills and invoices. You will need those documents when it comes to tax time. So, retaining them is of paramount importance. It is however very difficult not to lose some of those documents especially the receipts because they are [...]
ShareObviously this sounds far-fetched but I will stick to my guns. It is possible. It just depends on the size and complexity of your organisation. If you operate a small business that has zero to nine employees, volume of sales transactions is less than 200 per month, you run an uncomplicated business such as a dental surgery, [...]
ShareYou may have heard a lot about cloud computing and how it affects or will affect the way you do business. If you own a business then, chances are that you always hear of cloud computing almost on a daily basis and why you should embrace it. But then what is cloud computing and how [...]
ShareUsing accounting software is inevitable if you want to keep proper financial records of your business. You need proper financial records so that you make informed business decisions or for submitting taxes etc. Finding the right accounting software package can be a difficult task given that there are a lot of accounting package to choose [...]
ShareYou may be aware of the balance sheet, income statement, cash flow and notes to the financial statements. These are the reports that you are likely to be asked to provide by your bank, tax revenue etc. The external users use these reports to evaluate your business. As a small business owner, you are likely [...]
