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Do you love working with numbers? Are you at the stage of your life where you are considering career prospects? Or do you just want a career change? Auditing could be the job for you! An internal auditor job description usually investigates a public/private organisations’ fiscal or financial operations. Part of the job description also …

Many people do not know that although auditing and accounting both deal with finances, they are two different distinct disciplines. Recent statistics show that by 2022, employment in these fields is expected to increase by 13%. Therefore, if you are considering a career in accounting or auditing, it is very important that you understand the …

What Is Cost Accounting? Cost accounting involves preparing a company’s financial statements and calculating it’s products and processes. Usually, a cost accountant is also an adviser. For example, they may advise businesses on how to efficiently utilise their monetary resources). Cost accounting also helps businesses to analyse and establish break-even points. This is so that …

Do you own a business where other people have access to it’s income receipts or funds? For example, these people may be accountants or employees. If the answer is yes, then fraud is a concern for your business. Examples of fraud can be in the form of embezzlement or skimming. However, forensic accounting and forensic audits …

Finding a great accountant will help with trying to make big business decisions. For example, you may be between two minds about a particular financial issue and a great accountant can help with the decision. A fantastic accountant can really be of great help to a business. They can guide you with elements such as …

Cloud Accounting There are many benefits of cloud accounting. Firstly, cloud accounting is used by many different types of businesses. If you own a start-up, early-stage, or small/mid-size businesses, aloud accounting may be a solution for you. Cloud accounting allows companies to choose what services they need. It is important that you know the numerous …

The purpose of performing an internal audit is to assist organisations with achieving it’s objectives. This is to ensure that internal business operations and practices are kept consistent. It can be quite time consuming when performing an internal audit. Depending on the department in question, audits can be carried out frequently or rarely. Anywhere in …

If you are a small business owner, it is likely that you will welcome as many tax tips as possible. Here at Kilcoyne Accountants, we have compiled a list of the top 10 best tax tips for small business owners. Tax Tips for Small Business Owners 1. Ensure that separate records are maintained for employees …

One of the best ways to minimise future stress is to plan ahead for your finances. It will also help you to achieve goals whether they are personal or professional. Achieving financial goals can be carried by outlining a monthly budget. it will also help with organising finances and charting progress.  Furthermore, read below for a …

Do you spend a lot of time going over accounts? Do you think that it is time well spent? If your responses are negative then it’s probably time to think about outsourcing. If you’re apprehensive, keep reading to discover 5 great reasons to consider outsourcing your bookkeeping. 1. Time-saver  If you’re not hired as an …