Investing well

Continuous availability of financial resources, especially cash is key to the survival of every business, including yours. George S. Clason, in his book, “The Richest Man In Babylon” notes that money is plentiful for those who understand the simple laws that govern its acquisition. One such law is what I call the law of safe …

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Staying Organised

You will be surprised how much startups lose annually simply for not being well organized.Startups are great and ‘startuppers’ are awesome. We’ve got solid plans and have super ambitious business goals. However, if you are somewhat disorderly, then your start-up could be something of a nightmare, to begin with. Staying organized should not be a …

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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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Investing well

Continuous availability of financial resources, especially cash is key to the survival of every business, including yours. George S. Clason, in his book, “The Richest Man In Babylon” notes that money is plentiful for those who understand the simple laws that govern its acquisition. One such law is what I call the law of safe …

Read more

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

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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