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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 …

What are assets and liabilities? Firstly, an asset is a valuable resource that is owned by a business for future benefit.  Secondly, a liability is the amount of money a business owes. Your assets should outweigh your liabilities! Types of assets The three basic types of assets are; Current assets include assets such as cash or inventories …

Are you considering an accounting career? Whether you’re heart is already set or you’re still exploring your options, read below to discover 4 brilliant reasons to choose an accounting career. 1. You will be an expert When people need financial advice, they are likely to consult with their accountant due to their expertise and trustworthiness. Accountants …

If you are a small business owner then you know that in-house duties can be extremely time consuming. For example, maintaining accounting and bookkeeping can take up a lot of your time and effort. If most of your attention is placed on this, it may distract you from other important aspects of the business. It …

Excellent organisational skills and an extremely high degree of precision are traits that clients expect from their accountant. However, a truly exceptional accountant will posses more than this. 1. Brilliant organisation skills As previously mentioned, a great accountant must possess exceptional organisational skills. It is important that they are continuously up to date with their …

Are you self-employed? Or are you planning on being self-employed in the future? If you are, it is crucial that you either know about or learn how to deal with accounts. It involves everything from filing taxes to managing money and so much more! A top accounting firm can really help, but there are certain things …

Accounting for small businesses is tedious when carried out traditionally. If your business has not been availing of cloud accounting software, read below to discover why you should make the change. Conducting accounting traditionally is time consuming and it does’t add value to your business. However, accounting using the cloud can save your business so much …

You have sent an invoice to your customer. They open it and it hasn’t been clearly laid out. More than likely, the customer will throw it to the side and forget about it. So, you don’t get paid. However, if you send your customer a clear, well laid-out invoice, they will be able to follow …