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 [...]
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 [...]
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 [...]
Franchising refers to the methods of practicing and using another person’s way of doing business. Well known examples include McDonalds, Pizza Hut, Volvo, Nissan and many more household names.
The franchisor grants the franchisee the right to distribute its products, techniques, and trademarks for a percentage of gross monthly sales and or a royalty fee.
Legal costs for any small or medium sized business are always a major concern. Have you ever received an invoice from your lawyer or attorney and thought; “wow that was cheap”?
No! More likely your first thought was; “how can I get these bills down?”
This article is a collection of top tips on how to do [...]
If taxes and death really are the only two certainties in life, then it sure makes sense to do as much as possible to limit any of their detrimental effects that you can.
So here we are going to look at ways you can help your accountant or CPA to be better prepared when tax return [...]
Accountant or CPA’s are a wonderful breed. They are multi talented, can leap tall buildings in a single bound and I am reliably informed, are even known to have been seen wearing their underpants over their trousers in public! (And you thought only Superman did that!)
But seriously folks! Your accountant or CPA is able to [...]
Over the last two articles we have looked at:
What Due Diligence Is
A highly detailed look at the business you are considering to buy
Who Carries Out The Due Diligence
You, your attorney/lawyer and/or your accountant
What To Look For In Financial Information
A whole lot of things that you need to know and will have to follow the link [...]
Last time around we looked closely at what due diligence is. We agreed that taking a very close look at what you are about to buy is not only a good idea it’s a prudent one too.
But who is expected to carry out the due diligence process and what does it entail?
How do you know that the seller of a business is telling the truth?
How do you know if he has or he hasn’t “cooked the books”?
The simple answer is a not so simple phrase; due diligence.
Due diligence is the investigation that needs to be completed before buying a business. It is done to protect your [...]
