Business

Business Tips & Info


The Accountant


Many businesses use the service of an accountant to put their income tax information together once a year. The good accountant can provide you with much more. He or she can help you interpret financial information so you can make business decisions based on facts.

Good accountant try to ensure that the income tax you pay is kept to a minimum. Shop around for an accountant who is enthusiastic about your business and interested in helping you anticipate and avoid financial problems.

Remember, most businesses are not receiving adequate service, mostly because they don't ask or they don't know what to ask their accountants.


You can't ask a financial planer to give you blueprint for your financial future if you withhold vital information about expenses and debts. To be licensed, most experts must belong to legally recognized professional associations. They are expected to adhere to strict codes of ethics designed by those groups and these codes protect you and your right for confidentiality. Any personal information you reveal during a consultation may not be repeated to a third person without your approval. However, an accountant may be obliged to give information about your income tax-returns to government authorities on demand.

NOTE: Accountants generally charge an hourly fee, and fee may vary, so it's good to shop around.


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Getting a Financial Picture

If you want run successful business you should have real financial picture of a business. Accurate, up-to date records are very important for every aspects of your business. It's certainly not fun, but without accurate records, you simply cannot run a successful business. It is much easier to deal with various tax departments of government or with your banker if your records are complete and comprehensible. Learn more...



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Did You Know?

Marketing a new product or service is very challenging, because billions of dollars are spent regularly developing and launching new products and services all over the world.

Market failure is the most common reason for a product or service to fail. The other common failures are: financial failure (when product or service doesn't make any or enough money, cost of production and implementation of the service have not been sufficiently thought out in the specification stage, waste of time, etc.); organizational failure (poor management, miscommunication, lost productivity, failure to innovate, poor or bad collaboration, etc.) technical failure (when it doesn't work properly, wrong concept, poor implementation etc.) and political failure (when the source of failure is action by the government). Find out more...