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Case Study – How To Use An Accountant Or CPA In Your Business

Michelle Jarvis set up her dress making business after having worked for a large multi-national company for many years.
Right from the very first day she was determined to do things the right way and not cut corners. She knew that she needed a plan of action so that was where she started
List Accounting Requirements
“I am [...]

Understanding How Your Lawyer Or Attorney Charges

Small or medium sized businesses spend literally billions of dollars each and every year on their legal costs.
While I am sure that some of them are getting excellent value for money, I am equally sure that many more are paying way more than they need to.
This article sets out to explain how your lawyer or [...]

Valuing Small Business Goodwill Pt 5 – Other Factors – Buying In A Recession

By far the biggest part of the purchase price of a small family business is goodwill. So it is vitally important to a buyer to have knowledge and understanding of just what goodwill is and how to place a value on it.
This is the final in a series of five articles on valuing goodwill and [...]

Valuing Small Business Goodwill Pt 4 – Factors That Affect Your Bargaining Position

By far the biggest part of the purchase price of a small family business is goodwill. So it is vitally important to a buyer to have knowledge and understanding of just what goodwill is and how to place a value on it.
This is the fourth in a series of articles on valuing goodwill and discusses [...]

Valuing Small Business Goodwill Pt 3 – Factors That Affect The Risk Level Of The Business

By far the biggest part of the purchase price of a small family business is goodwill. So it is vitally important to a buyer to have knowledge and understanding of just what goodwill is and how to place a value on it.
This is the third in a series of articles on valuing goodwill and discusses [...]

Valuing Small Business Goodwill Pt 2 – The Components Of Goodwill

By far the biggest part of the purchase price of a small family business is goodwill. So it is vitally important to a buyer to have knowledge and understanding of just what goodwill is and how to place a value on it.
This is the second in a series of articles on valuing goodwill and explains [...]

Valuing Small Business Goodwill Pt 1 – What Is Goodwill And Are You Buying A Job?

By far the biggest part of the purchase price of a small family business is goodwill. So it is vitally important to a buyer to have knowledge and understanding of just what goodwill is and how to place a value on it.
This article, the first in a series on goodwill, explains that it really represents [...]

Want To Know How To Avoid Having Problems With Your Accountant Or CPA?

Managing your accountant or CPA is all about getting the best out of them for the not inconsiderable amount of money that you pay them.
In addition to keeping the books in order and making sure that your tax commitments are both met and kept to a minimum, they are also in the ideal position to [...]

The Traps In Buying A Business And How To Avoid Them – Pt 6 – Checking Out The Seller

cDespite stringent disclosure rules which aim to even things up between the supposedly rapacious seller and the innocent purchaser, it’s very easy for a buyer of a small family business to be caught by buying a dud.
If you’re stuck with a dud business as a result of being deliberately deceived you certainly can take them [...]

Buying A Business – The Traps And How To Avoid Them – Pt 5 – Family Members Who Work In The Business

Despite stringent disclosure rules which aim to even things up between the supposedly rapacious seller and the innocent purchaser, it’s very easy for a buyer of a small family business to be caught by buying a dud.
If you’re stuck with a dud business as a result of being deliberately deceived you certainly can take them [...]

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