Bookkeeping & Payroll Services for Small Businesses

  In case you hadn’t noticed, 7.6 billion people, and counting are going to need more disruptive businesses and there is no shortage of problems for founders to find, address and produce. What does it take? Imagination, persistence and integrity are vital, but the best founders I know possess a unique DNA. Looking back to my first meeting with each of them, they were clearly different. I’ve tried to unpack the 10 defining elements. The je ne sais quoi of disruptive founders should not stay a mystery. Perhaps this article should serve as a self-awareness checklist for a first-time founder. It may motivate you to get past what is blocking you or encourage you to join a team. If your passion is there and you weren’t born to be a Founder, you may find you can nail it one day. I’m often asked by people, “what do think about this company, should I invest?” Now that’s a sucker bet, as if I’m wrong, and say “go for it” and it crashes I’m bound to be called an idiot. If it dominate...

  I am getting asked this question for the past 2 months so I decided to write a blog post about it. Christmas parties (or other festivities) and presents to staff might raise questions in your mind about how it will affect the tax liabilities of your business. If you would like to avoid any nasty surprises, read on. Here are some general comments about these issues: An assumption is that the business has not elected to use either the ‘50-50 split’ or ‘12 week register’ methods for FBT purposes. CHRISTMAS PARTIES Christmas parties constitute "entertainment benefits" and to the extent that the expenditure relates to employees or their associates attending the function, the expenses may be subject to fringe benefits tax (FBT) unless an exemption (e.g. the "minor benefits" exemption) applies. A minor benefit is provided to an employee or their associate (e.g. spouse) on an “infrequent” or “irregular” basis, which is not a reward for services, and at a cost less...

  What is Bank Reconciliation The idea behind a bank reconciliation is to make sure that data from both your company's records and those maintained by banks match up. This control can help catch any missing or inaccurate information before it gets reported as an error, but what if there was some way for you to do this while still maintaining internal controls? Whatever type of business operation has financials impacted by these factors will benefit significantly from implementing technology designed specifically for managing cocoa farming and coffee production. This type of specialized technology is called yield monitoring, and it can help companies monitor their crops in real-time, record this data into a cloud-based system that's accessible from any Internet connectivity, even send alerts to technicians on the ground when something appears amiss. How Bank Reconciliations Work Accountants and bookkeepers use reconciliation to make sure that all transactions are recorde...

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