How to Evaluate Your Accounting Needs
Maintaining a proper and accurate record of your business finances, will keep your business in a proper financial shape. On the flip, disorganized accounting practices can cause an otherwise excellent business to lose speed and even close their doors. Not only does it hinder cash flow, but it also affects your relationship with the suppliers […]
6 reasons why you should train your staff
To train or Not to Train Should you only hire people who already have the skills and qualifications needed for the job or should you be investing in the staff you do have? A good question and one that is often up for debate. “Train your staff so that they could leave but treat them […]
Why bringing in experts can help your small business grow
In all likelihood, the success you have achieved in running your own business means that you are an amazing technician in your field. I use the word “technician” as a general term for an expert. So, you are an expert in a specific field. You have carved out a niche for yourself in your industry […]
VAT in a nutshell
Whatever your entity is registered as there are various tax requirements you have to meet and one of these could be value-added tax (VAT). Here is a broad explanation of what VAT is and how to meet your tax obligations as a small business. It is mandatory for any business to register for VAT if […]
Five reasons why every small business needs an accountant
Many small business owners think that paying for an accountant is too expensive and won’t benefit their business in any way. Here are five reasons an accountant may save you money – and possibly your business.
Bad debt: How to best handle it in your business
It is good business practice to have a policy in place that stipulates how your company deals with bad debts. In case you aren’t aware, a bad debt is when an invoice is not going to be paid by a client or customer. It is a debt to you that has gone bad. Besides hindering […]
It’s easy, if you have all the documents ready
Recently, a family member had to buy a car. Their car had been written off and this left them without one. The insurance had not paid the settlement figure as yet, so the worry was about the amount they could apply for. The family went shopping for a car. They had worked out a ballpark […]
Coffee with a financial planning expert
BC Accounting Services offers a range of solutions for you and your business. We have expertise in the areas of accounting, tax and payroll. We certainly do not act as a financial planning expert. The financial services industry has a huge scope, one of which is financial planning. Over the years, we have built a relationship, […]