Additionally, legal action against business owners, increased insurance premiums, and project delays can all occur when a company isn’t compliant. The partners’ personal assets, such as their home, receive extra protection from business-related debts and claims. Any liability is generally limited to the amount they’ve individually put into the partnership. As a practical example of […]

It is vital for small businesses, which may not have access to traditional forms of financing. Retained earnings can provide a cushion for businesses during difficult times and help them expand their operations by investing in capital expenditures. A maturing company may not have many options or high-return projects for which to use the surplus […]

It is essential to understand your finances and what is happening with your business. It is important to know that all the information you have been given is correct, which is why we will supply you with both month-end and year-end financial statements to ensure everything is fine. For many, Accounting and Bookkeeping might sound […]