While holiday times can be great for improved sales, small businesses also have to compete with larger companies who have bigger marketing budgets and established reputations to draw on. For those with limited resources over the Christmas period, here are…

Growing is all about taking chances. For instance, your business will grow faster or slower depending on how ready and willing you are to take risks. Therefore, it’s really important for any entrepreneur to take precautions, and protect his or…

There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick Reaction…

Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…