(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
Clients like to ask me this question: ‘So if I buy a car for the business, I can claim the entire $40,000 that I spent on it as an expense right?’ WRONG. I’m sorry my dear client, but you will have to depreciate the amount over the fixed asset’s useful life as it is a
(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
(AML annual report – 5 minute read) Today we have a guest post from Giulia Dondoli from Total-aml.com. They are a provider of expert AML advisory services. Giulia talks about how you can get on top of your AML obligations (if you have any). Its AML Annual Report season! It’s AML/CFT Annual Report season. All