The most commonly claimed tax deductions are work-related expenses and around seven million people make related claims each tax year – with one of the most popular being motor vehicle expenses! Have you already jumped on the bandwagon? If not, it's never too late to start! “You...
You may have the greatest product ever but if you don’t tell the world, it will sit on the shelves collecting dust until you finally have to close your business. Remember, YOU know what is great about your business because YOU created it. The rest of...
Does your business need leadership or management? The answer is both. Have you ever heard the expression 'too many generals and not enough soldiers'? Well, it works both ways. Too many soldiers without a strong general will surely find themselves fighting the wrong battles. Experience has...
Mary runs a small digital marketing agency with a small team, serving business clients seeking to optimize their potential customers’ experience in interacting with their websites and social media platforms. As the business started to grow, Mary had neglected the financial aspect of her business...
Many small business owners are entrepreneurs who went into business seeking freedom, a better lifestyle, more money or simply because they wanted to run their own show. Financial acumen is rarely high amongst the skills possessed by such people. As such, it is only to...
David, the sole practitioner of a legal firm, found that his revenue had stagnated and he was consistently facing cash flow problems. David was jolted into action by a frank conversation with his accountant. The accountant asked him how many hours he worked in his...
Are you a BIG spender struggling to keep up with the demands of #BudgetPlanning? Hire an Accountant! What better place to start than the blog of KMT Partners! A reliable accountant can be a valuable asset to restrain your big spending problems. Professional advice from someone who...
Accrual accounting seeks to temporally match expenses to revenues. That is, it corrects for time differences between when the cash from revenues is actually received by a business and when expenses are paid out by that business. For example, in selling a product, firms frequently pay out...