business Archives

The Hidden Puzzle of Business Finance: Current Business Liabilities Explained

Unravelling the mysteries of business finance may seem like a daunting task. With terms like balance sheets, equity, accounts payable, and accruals, it’s easy to feel overwhelmed. But amongst these terms lies a critical piece of the business finance puzzle that is both crucial and intriguing – Current Business Liabilities. As you dive deeper into …

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Why Bookkeeping is Vital for the Success of Your Business in 2023

Accounting and Bookkeeping Services / By Max Margin Accountants

Bookkeeping is the process of recording, organizing, and maintaining financial transactions for a business. This includes everything from tracking income and expenses to preparing financial statements and tax returns. While it may not be the most glamorous aspect of running a business, bookkeeping is absolutely essential for success. In this blog post, we’ll explore …

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5 Reasons Why Tax Planning is Important for Businesses

Tax / By Max Margin Accountants

Tax planning is a strategy or plan that aims to minimize the amount of tax to be paid in a year on account of your income, wealth, and assets. It is the process of assessing an individual’s or business’ tax liability and reducing the tax through careful planning. It involves the implementation of certain measures …

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Business Background Analysis

Business / By Max Margin Accountants

Confidential business often manifests particular issues in family law settings. Usually, a single spouse retains active participation in business. Therefore, it is not only the responsibility of the spouse to manage family finance but he/she can even manage the entire business records. When a spouse endeavouring to evaluate the income or value of the business, …

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Questions to be asked before you turn your hobby into business

Business / By Max Margin Accountants

So your hobby is running faster than Pokémon Go! It may or may not be faster than that- but you are struggling to maintain orders with Great Auntie Sheila and Uncle Bob and are remembering about leaping into the breach and transforming your hobby into a business. So what is the difference between a business …

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Is your business growing or downsizing

Business / By Max Margin Accountants

Every business established in the market are either green and growing or ripped and rotting. Where is your business now? The emergence of the internet, Google, cloud, smartphones have changed the way how businesses are operated since the past decade. The rate of change in the operating trends of the business is accelerating, and …

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How is your business misspending hard work money?

Business / By Max Margin Accountants

World is all about earning hard money, Nobody in an entire world affords to waste a penny especially if an individual is operating Small Scale Business. Entire savings are considered while commencing business. Now it’s time to refrain your hard money. Here are some common strategies of unnecessary misuse of money in business and their …

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