Ideally, you and your accountant are more than just “adviser” and “client”. With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners. The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask your accountant these four … Continued
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Hiring an accountant is widely considered best practice for small business owners. But delegating financial analysis and reporting doesn’t mean completely checking out of the process each month or quarter. On the contrary, it’s recommended that business owners work closely with their accountants throughout the year to better understand their financial position, and make smart … Continued
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Hire purchase acquisitions can be good for your company’s cash flow and may have advantages over leases or loans. But you will have to pay GST on the full purchase price. Here is an explanation of how these arrangements work for both financiers and hirers. A hire purchase can be a convenient way to … Continued
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When you acquire a target company you can choose the partial or full method to account for the goodwill in the transaction. The two methods are nearly identical but the results are very different. Read on for an explanation of the ways you can calculate goodwill and how you can determine fair value when there … Continued
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