Tax. The three-letter word that is not incredibly exciting and probably creates a sense of dread above everything else. Unfortunately, as one renowned politician once said, tax and death are the only things in life that remain constant.
Starting a new business can be exciting and exhilarating both on a professional and personal level. While it’s a new milestone in your life, challenges do exist and one of the most common problem faced by business owners, is the proper setup, administration and ongoing management of your finances and business accounts.
Building a business is hard work. Successfully maintaining it’s growth is another challenge altogether. As a business owner, running a business is incredibly overwhelming especially when you’re expected to be competent across all areas of operations.
Operating a small business can be a challenge, but one of the biggest difficulties is making the most out of your valuable resources: time, skills and knowledge. As experienced professionals in small business consulting, we often see business owners working harder and longer, but still failing to achieve their business goals and objectives.
Keep pace with changing technology… or risk falling behind. Businesses that embrace the cloud can benefit from blue skies ahead. Times are changing… in actual fact, they already have. There has been a shift from buying software as a product to buying software as a service (SAAS) and, like many services and utilities, we pay for them monthly.
Public practice accountants serve a crucial role in the success of small business. They are more than bean counters, they are bean growers. The good firms will provide a number of key services to small business owners, each with a clear a distinct purpose; timing; and benefit. Below is a list of these services, including a short description of their purpose and how they work. But first…