We’ve all heard of businesses that failed because they suddenly received a large tax bill that they couldn’t pay. These stories are even more unfortunate, because in many cases, these failures could have been avoided with some simple forward tax planning. As you’re reviewing your tax planning, keep these five simple tips in mind:
Many of the business owners we meet have signed up to cloud accounting, but that’s where they stop. They’re still doing accounting the same way, so they’re not making the most of the opportunities. At SPA, we use both traditional and cloud-based accounting systems — depending on our client’s needs. From our experience, here are the five main reasons we encourage clients to fully i…
How healthy is your cashflow? Do you know exactly how much you’ve got coming in – and where it goes? When you run a small business, cashflow is always at the top of your mind, but with a few simple steps, you can gain peace of mind – and even get paid sooner.
Over the years, we have met many owners of Family & Private Businesses that wish to sell their business. However, it is astonishing how many put little or no planning into preparing their business for sale. Quite often, it is a case of “Can you help me sell my business ? I’ve had a gut-full of this, and I’m ready to go now !” Our view is that there are many strategies that will…