Supervise the process of paying salaries and company expenses

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(7) Explain to you about each component found in the financial statement report

In financial statement reports, what we will see mostly are just numbers.

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These figures represent the true state and financial status of the business. You need to know how to read financial statements if you want to make big decisions that will impact the course of your business.



(8)


How much salary should you allocate for yourself, if you run a sole proprietorship type business? Will the salary you will be taking in the future be too much that it will affect the company's financial position, or have you been taking in too little salary so far?



Should the company give bonuses to staff or should the allocation be better used for other purposes, such as a dinner party or family day? The answer to this question can easily be obtained when you discuss it with your accountant.



(9) Provide advice relating to the taxation system and the amounts payable throughout the year

No business can escape paying taxes. However, did you know that you can use existing legal provisions to reduce the amount of tax you have to pay?



(10) Compile and submit tax payments, financial reports, and all required documents to the IRB

As long as your company complies with tax regulations, you can ebay phone number data continue your business operations without any problems or interference from any party. Therefore, you can focus your energy and time on growing your business.



Business Development Phase
When everything is going smoothly, your business will show positive development. At this time, advice from a certified accountant is very important to ensure that the business continues to grow. Here are some things that can be done.



(11) Help you make decisions to expand your business by providing insight into cash flow patterns, inventory management, pricing based on the current tax climate (GST or SST), and business financing

All of these things are important to ensure that your business can operate smoothly. At some point, you will need to change the prices of the goods or services offered so that your business can survive for a long time while meeting the demands and commitments of the business.