Filing Taxes for Beginners

Although we’re all expected and required to know about filing taxes, many of us don’t know how to. This is probably because we come out of school uneducated in the matter. It is important to know the basics regardless.   Tax season can be daunting and filing your taxes can be an overwhelming and confusing task. …

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Online Accounting and Data – Why You Should Make the Move

Where do you store highly confidential information? Do you save documents to the desktop on your laptop? Maybe you store on a removable hard drive. A lot of business owners have made the move to ‘cloud’ software. This is where you can access information from any device in any location. Online accounting is also an …

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Benefits of A Business Plan

A lot of business owners will not consider developing a business plan. They think it is an unnecessary process or that it is too difficult. Don’t be one of those people. The benefits of writing business plans are endless! If you’re still on the fence about writing a business plan and are wondering how you …

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Your Guide to Statutory Audits

It is possible that many companies have not had a statutory audit for a long time, if ever. If you are one of these companies, you should really consider whether a statutory audit would help your business. Statutory audits give excellent and valuable feedback regarding the controls and processes of a company. If you intend on looking …

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3 Accounting Tips for Small Firms

Larger business tend to have experts on board when it comes to managing finances. From accountants to bookkeepers and hiring auditing professionals, they are well able to manage. We have compiled a couple of tips for your small business. 1. Get rid of credit. If you have been giving credit to your customers, then stop! Customers …

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Online Accounting – How It Can Help You

Like any other business owner, you are probably up to your eyes in day-to-day tasks. Accounting and bookkeeping can be a daunting task. It’s easy to keep adding it to the bottom of your “to-do list.” We have the solution for you… Online accounting software! Using online accounting software helps majorly with calculating revenue, cash flows and …

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What Can An Accountant Do For You?

Not all accountants are the same. But a good accountant can be very beneficial for your business. Accountants offer a variety of services. For example, accounting firms such as Kilcoyne Accountants have plenty to offer for businesses. Audits Business Advisory  Online Accounting Taxation And more… A good accountant will be able to help you with the …

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Internal Audit – What is it & What are its Purposes?

INTERNAL AUDITING – What is it? An internal audit is designed to improve and add value to how a company operates. A company can accomplish its objectives with the help of internal audits using a systematic, disciplined approach. This approach evaluates and improves the effectiveness of; Risk management Control Governance processes In simple terms, internal audits …

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Types of Cash Flow Forecasts

It needs to be determined how far into the future forecasts will look. It is the first decision that needs to be made when setting up a cash flow forecast. Forecasts are more detailed the shorter they are. If the forecasts are much longer then it is less detailed. The types of cash flow forecasts …

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Preparing for a Statutory Audit

Statutory audits can provide; Feedback on internal controls and processes effectiveness within the company Outside perspectives and thoughts about the company. Confidence in the business can be enhanced with audited financial statements. It helps when looking for future finance or investors. There are a number of steps that a company should take if appointing an auditor …

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