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In my years in the financial arena, I have found that the word audit causes some turmoil among business professionals. In many cases, the concern is entirely unwarranted.

In basic terms, internal audits are conducted by a company’s own staff to improve business operations and focus on specific areas, while external audits are performed by independent firms to verify the accuracy of the company’s financial statements.

Leveraging my years of experience, I’ve broken down differences between the two as well as the pros and cons to help you better understand.

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For many small business owners, tax season is a time of uncertainty or possibly angst. Even those who are typically well-prepared can find themselves stressed when thinking about taxes.

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Your job as a sole trader is challenging, and you must oversee every detail of your business to make sure everything is done correctly. Why add stressing about how to pay tax as a sole trader to the list?

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While many titles in the business world are name-apparent, others sound familiar but leave you unsure about what the job entails. A business advisor is one of these terms. The job title of business advisor became fashionable in the 1970s. However, even in the 21st century, most people only have vague ideas regarding the job’s purpose.

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Tax time does not need to be dreaded by business owners. While a significant amount of effort goes into preparing a business tax return, and many simply leave this task for their business accountant, this six-step guide can help you lodge your business tax returns.

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Taxes for a small business are unavoidable, but that does not mean your struggle to understand the ins and outs is also unavoidable. Our expert small business accountants have prepared this guide to offer you the information you need to get your taxes sorted and filed painlessly come tax time.

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Many owners of small businesses wonder if they need to work with a business accountant. Some are convinced that they can handle their taxes on their own. Others are on the fence. Shifting the burden of doing taxes sounds very attractive, but you may wonder if you are too small to need an accountant. That is why we’ve prepared this handy blog to answer all of your questions.

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Updated 19th June, 2023.

Getting your financial reporting correct is crucial. However, not everyone is a business accountant, and it can be hard to understand what this means or what to include. Read on below for more information regarding what financial reporting is and how to ensure accuracy.

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