Business tips: Have you achieved your goal for the business?

Sep 23, 2022

Founding, managing and growing a business is a BIG commitment. For most business owners, it will take years to build a customer following, turn a profit and create a truly scalable business. It’s a journey that can sometimes be pressurised, stressful and risky....

Business tips: Setting your goals for a business exit

Sep 23, 2022

Every business has a finite lifespan. Some may last for decades, and some may only last a couple of years. As the owner of a business, the life of your business is likely to be strongly aligned with your own life goals and personal plans for the future. When the time...

Business tips: Adding value to your business prior to an exit

Sep 23, 2022

Generally speaking, an exit strategy will be put in place years before your planned exit date. This gives you time to work on your sale plan and deal with any succession issues. But more importantly, it gives you the time needed to add additional value to the business...

Your Q4 2022 deadlines for the diary

Sep 23, 2022

Staying on the ball with the latest accounting, tax and compliance deadlines helps you stay organised with your returns. Here are the deadlines and cut-off points for Q4 of 2022 to add to your diary. NOTE: If your company’s accounting period is longer than 12 months,...

Understanding Your Balance Sheet

Sep 23, 2022

To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the...

Understanding Your Profit and Loss Statement

Sep 23, 2022

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the...