What are long term assets?
They are also called non-current assets or fixed assets. Fixed assets are the “big things” in your company that you use to make or sell your service or products. Technically they are items that will … Read the rest
They are also called non-current assets or fixed assets. Fixed assets are the “big things” in your company that you use to make or sell your service or products. Technically they are items that will … Read the rest
I don’t like absolutes. Absolutes are it when people make statements that are said with authority and are generally taken as gospel truth. These statements are often incorrect anyway, eg: ALL businesses should be on TikTok. … Read the rest
The burning question that gets asked frequently is this: “What do accountants actually do”? The answer can be as simple and as complex as the accountant wants it to be. I do not like answers to … Read the rest
Many entrepreneurs who feel confident about their accounting know-how take it upon themselves to do their own accounting function. The thinking behind this is actually sound: “keep your fingertips on the numbers the business is producing”.
Producing the goods
Unfortunately, … Read the rest
You have started a business. The company is going along nicely but you need to sort out the “money” side of things. You have read that tracking your income and expenses is a good way of doing this. The words … Read the rest
Bank fees are inevitable but why are you throwing money away here? These are charges that slip away from us and the money you spend may be more than you have to pay.
If you don’t like … Read the rest
Technology is taking the world by storm. Some might say that it is taking over. We can debate that for a fairly long time with little or no winner. In terms of accounting, tax and payroll, the technological advancements have … Read the rest
The focus of most business owners is the cost of any item or service. There are always ways to cut costs in a business but often the business cuts the wrong costs. The essential services are … Read the rest
Why should I want to?
The purpose of a company is to make a profit. Every business owner wants to make a profit.
However, when you make a profit, you need to pay taxes. The overwhelming consensus from business owners … Read the rest
BC Accounting services takes no responsibility for the accuracy of any information on this website.
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