Common Business Expenses To Include In Your Budgeting and Tax Planning

Arguably, two of the most important financial responsibilities of a business owner/lead are budgeting and tax planning. Budgeting, particularly monitoring cash flow, keeps your business from overspending and getting into trouble with making payments. For a young business, you certainly do not want to get off on the wrong foot with your vendors and the tax …

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Isaac Opoku
in Accounting, Finance

Analysis and Interpretation of Financial Data: An Important Ingredient for Business Decision Making

Doing business is never without decision making. Sometimes it becomes necessary to take one decision or another to improve results. Such decisions may bother on laying off of staff or retaining them, buying an asset or leasing, outsourcing a service or setting up an in-house unit to provide such service, to mention but a few. …

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Cloud vs Traditional Accounting

Why Cloud Accounting is the future

The birth and the introduction of technology  has brought a new face on how accounting traditionally was processed.  Where transactions were manually recorded in columnar papers and kept in a huge folders. Once computers became popular with its accompany affordable software, accounting tasks change from the traditional method  into this medium, where concepts stayed the …

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Continent’s Potential Can Be Realised Through Technology

We are in a fast changing technological age which brings with it a huge leverage for countries and businesses ready to use it. I shared my thoughts on how technology can be used to accelerate efforts towards achieving the Sustainable Development Goals (SDGs), especially within continental Africa. Read it below: With 200 million people aged …

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Analysis and Interpretation of Financial Data: An Important Ingredient for Business Decision Making

Doing business is never without decision making. Sometimes it becomes necessary to take one decision or another to improve results. Such decisions may bother on laying off of staff or retaining them, buying an asset or leasing, outsourcing a service or setting up an in-house unit to provide such service, to mention but a few. …

Read more
Cloud vs Traditional Accounting

Why Cloud Accounting is the future

The birth and the introduction of technology  has brought a new face on how accounting traditionally was processed.  Where transactions were manually recorded in columnar papers and kept in a huge folders. Once computers became popular with its accompany affordable software, accounting tasks change from the traditional method  into this medium, where concepts stayed the …

Read more

The Impact of Capital Allowance on Fixed Assets: The Benefits to Your Business

Capital Allowance: is a practice of allowing a company to get tax relief on tangible capital expenditure by allowing it to be expensed against it annual pretax income. They are treated as another business expense and so reduce your taxable profit within the basis period. It’s an expense, but because it is non-cash, it is …

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How Does Withholding Tax Computations Work And Why Is It Relevant?

Compliance with withholding taxes like any other tax obligations is very crucial for any business. In doing so, you save yourself from the closure of operations, fines and penalties, imprisonment, tarnishing of your reputation, interference in business operations, among others. In this article, we provide a highlight of what withholding taxes are, how to compute …

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