Posts about Accounting for Small Business (6)

Best Practices On SME Accounting And Financial Management

Posted by D&V Accounting Services

Aug 24, 2015 7:00:00 AM

The value of financial management may vary depending on the nature of your business and the ways and means by which you manage your cash flow. For some, managing their finances is important as it keeps them from missing payment deadlines. Others pursue financial management to keep better track of their invoicing and debt collection processes. Meanwhile, there are also some business owners who simply want to ensure the wise use of their cash flow. Regardless of why you want to do it, the how-to’s of getting it done remain the same. Here’s a basic rundown of how you can manage your business finances in the best possible way:  

5 Signs your Business Needs a Better Financial Business Plan

Posted by D&V Philippines

Jul 22, 2015 8:34:00 AM

The Small Business Administration states that there are 30.7 million small businesses in the United States. These make up for 99.99% of all businesses in the country for 2019. This translates to millions of jobs and a huge piece in the US economy. All the more, small businesses need a strong financial business plan to drive growth and achieve their goals. A well-thought financial business plan will allow you to make reliable financial projections, get a better picture of your resources, and make important decisions early on. However, it is also important to update your plans to accommodate unforeseen circumstances that come your way. Here are some signs that your business needs to improve on its current business financial structure:

Canadian Taxation 101: Zero-rated vs. Exempt Goods and Services

Posted by Cedric Joshua Martinez

Jul 15, 2015 7:25:00 AM

If taxation was a game, it would be a very expensive one. This is why you should make sure that you thoroughly understand tax matters before you decide to work these out on your own. As a small business owner, you might be inclined towards the DIY mentality.

4 Tax Practices that you’re Doing Wrong

Posted by Gillian Vitug

Jul 8, 2015 7:30:00 AM

According to the prestigious accounting firm PwC, Canada ranks as the ninth among 157 countries worldwide that has a high level of tax payment ease. This report attests to the efforts of the Canada Revenue Agency (CRA) to improve the rate of tax compliance among Canadian taxpayers. Unfortunately, there are still some who are not working out their taxes well. Could you be among those who are committing expensive tax mistakes? Take a look at these to find out.

Tax Planning: How To Appeal Against A Late Tax Filing Penalty

Posted by Gillian Vitug

Jun 17, 2015 1:39:00 PM

The late filing of a tax return can have costly consequences. Penalties for tax returns for the tax year 5 April 2015 will start to accrue from 31 October 2015 for paper returns, and 31 January 2016 for online returns. The tax penalty also rises when you owe a higher amount of unfiled tax. If you have been charged with late filing penalties, you have the option to appeal against a late filing penalty.

Special Relief Basics for Corporate Taxpayers

Posted by Cedric Joshua Martinez

Jun 3, 2015 11:00:00 PM

Admittedly, it is very difficult to manage debts. This is especially true for small businesses that do not have a stable and reliable cashflow. Among the different debts that SMEs might get wallowed into, tax debt is probably the most difficult to get out of.

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