In the first panel, a man holds up two bags of money. He says: I made so much money in my first year of business!!. In the second panel, Steve the tax reaper appears behind him, wearing his long black cloak and holding a scythe. Steve says: Is that so... Then its time to pay taxesss..

Paying Tax in your First Year of Business

(First year business tax – 5 minute read) Did you just start your first business? Congratulations! Starting a new company or self-employed venture is always daunting. You’ll be so busy working out on your products, honing your unique selling point and setting up your systems. Tax is the last thing on your mind. ‘I’ll deal

Man wearing dark yellow malay traditional shirt landing on pile of cash

Profit and Cash – What is the Difference?

(profit and cash – 5 minute read) Hey there accounting fans! We’ve written about how cash is king in the past. But I often get lots of clients still confused between cash and profit. So let’s settle this once and for all. Here’s the definitive article on the difference between profit and cash. Definition of