Hiring an accountant is a wise investment for any company. Whether you've been handling your finances on your own or you're planning a startup and need someone with financial knowledge, an accountant can help. Reasons why you should hire an Accountant 1. You'll save more time - The only thing money can't buy! One of…
read moreIntroduction SOPs or Standard operating procedures (the acronym for SOP) Ever happened? You assigned a task and got an altered picture of what you wanted. You assumed you covered everything, even going back and forth several times while explaining. Still, tons of errors or task straight up wasn't understood correctly in the end! To bridge this…
read moreWhen overseeing your company's financial matters, it's best to have someone who is both informed and committed. The Chief Financial Officer is responsible for such responsibilities in a traditional business organization. In this post, we'll look at the advantages of hiring a virtual CFO. What is a Chief Financial Officer (CFO)? A top executive in…
read moreMany people use the phrases CFO and Financial Controller interchangeably, and they are viewed as synonyms, however, there is a distinction between their positions in a corporation. Knowing the operations that come with their responsibilities helps to understand their differences. The distinction between a Chief Financial Officer and a Finance Controller will be discussed in…
read moreTax planning is an activity undertaken by a taxpayer in order to reduce the amount of tax owed to him or her by maximizing the use of all available deductions, allowances, exclusions, and other legal provisions. In other words, it's the examination of a financial situation through the lens of taxation. The goal of tax…
read moreOutsourcing and offshore have become buzzwords worldwide, and many individuals use them interchangeably due to this tendency. However, they are not interchangeable and refer to various features of the same thing. In contrast to onshoring (in the home nation) and nearshoring (inside the same country), Offshoring defines the location (meaning outside of the country) (in…
read moreIntroduction Every successful business makes sure to run its operations smoothly— and cash flow is the bloodline to tackle it without any hurdle. After 2020 many businesses have transferred to an online presence to take their global venture market. However, the challenges come later. Among the failed e-commerce business,
read moreEven while face-to-face meetings with CFOs seem to be a more contemporary option, the sector has recently seen the removal of local financial opportunities. Tens of thousands of small businesses were forced to close as a result of the COVID-19 pandemic, which broke out in early January. Many of these firms were unable to recover…
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