Blog posts tagged in Business Advisory
Prior to the release of the 2016 Autumn budget let's remind the new Chancellor of the Exchequer, Philip Hammond of what he said as an MP
“A taxpayer is entitled to know with certainty – be it an individual or a multinational corporation – what he may or may not do in planning his tax affairs. He is entitled to expect that his treatment be laid down in statute, not determined by administrative fiat; he is entitled to expect that another taxpayer in similar circumstances will receive treatment similar to his; and he is entitled to be protected from retrospective or retroactive legislation.”
When it comes to financial information, many small businesses keep to the basic quarterly or annual statements from their accountants. Aside from dealing with the daily financial and cash flow issues, owners can make the mistake of neglecting valuable information—information that can be used to manage their businesses successfully now and optimise its health in the future. FRS102 - "The Financial Reporting Standard applicable to the UK and Republic of Ireland" fundamentally reforms financial reporting in the UK could further affect how you remeasure the assets and liabilities of your business..
To truly understand the current state of your business and to plan for the future, you need to understand your financial statements. Financial statements assist you to:
IAPA Annual International Conference, New York City, 26-29 October. Forces driving change in the Accounting Profession
October 31, 2014
Exceed CA was among the more than 95 accounting firms attending IAPA's International Conference held in New York, 26-29 October. Exceed is a member of IAPA, a top 10 international association of independent accounting and business advisory firms with 210 member firms in 70 locations.
Programme content included an overview of major international forces driving change for the accounting profession for the future, with a keynote presentation by Barry Melancon, AICPA President & CEO. Mr Melancon additionally spoke on key AICPA initiatives focusing on supporting members against a background of change in the business and regulatory environment.
Guest speakers included Mr Fayezul Choudhury, CEO of the International Federation of Accountants, who addressed delegates on the importance of IFAC's work for professional firms and their clients and in particular IFAC's current work in the SME/SMP sectors. Other speakers presented on managing risk in an accounting firm and related cyber / liability issues.
This guide in the link below is for whether you have already decided to start a new business or are simply considering your first move into what we would consider the self-employment arena. What do you need to think about before taking the plunge?
We hope this guide will help you make a number of crucial initial decisions and choices. We have touched on some of the marketing issues but the main focus is on business planning, financial and tax issues.