Accounting

Independent restaurant owners often do their own bookkeeping. Even if they hire a professional accountant at year’s end, they may save considerable money by handling the weekly tasks themselves. Setting up a chart of accounts to fit the restaurant needs generally requires customizing the default choices of any accounting program. […]

As a member of Rich Dad World, I downloaded the online version of this book for a limited time offer only. This book offers many important financial lessons that will make you realize the importance of being in the B and I quadrants, which I like to summarise below. The […]

Despite the vast improvements in information technology, computers (on which modern IT is based) cannot as yet take over business management. However, business information systems have transformed the effectiveness, power and efficiency of management. In an earlier article on business management software, we looked at surface aspects of how modern […]

I wonder how many of you are big-time readers. You know the kind, the ones who can read a book a week or sift through endless reams of data and advice to help them develop a financial plan that will lead them down the path to prosperity. However, if you’re […]

If you own a coach house you will need a policy that will insure the whole property including all the garages, your own garage (freehold) and those on Leasehold to neighbours. These are usually on lease on a 999 year Peppercorn Leasehold. You must include the Legal Liability cover you […]

Taxpayers must file their tax return with care to avoid any error while filing income tax returns. However, sometimes in haste, they end up making mistakes like unclaimed deductions, income reported incorrectly or any incorrect contact details or the bank account is given for the refund of taxes. However, if […]

One popular belief is that you need tons of experience, expertise, and knowledge to start a business. The opposite is true. While it helps to go to school and learn the tricks of the trade, it does not necessarily mean that you cannot start a business because you do not […]

Not so long ago, all payrolls used to be calculated manually, without any help from a computer. Professional accountants invested a lot of time and energy into keeping track of all employee data, files and information, calculating monthly salaries, hourly remunerations, bonuses, sick leaves, benefits, taxes, deductions and so on. […]