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Cloud accounting is fast becoming a necessary tool for small businesses. With the help of mobile phones and tablets, accessing your financial documents on the go can be achieved with cloud technology. Despite the availability of these tools, only relatively few small business owners are using them. If you’re one of those owners who are resistant to the concept of this technology, it’s probably the right time for you to overcome your fears.

One challenging aspect of business is keeping the books up to date and getting it right. A simple accounting mistake can seriously damage your business. Many business owners rely on their accountants in helping their business comply with taxes, payroll, bookkeeping and other accounting issues.

Sometimes it can feel like you spend more time keeping the business going than actually developing it, improving it or adding any value. The points below will highlight that while some form-filling and record keeping is necessary, much of the rest of it is either needless or can be outsourced. Lightening the burden of bureaucracy can bring a host of benefits.

For many business owners who are trying to keep costs down, they try to do their accounting and bookkeeping themselves. But these areas that can make or break your business success. They are critical in managing your cash. Here are some reasons you must not do it all on your own if you wish to be successful in your endeavour.

In 2015, as an answer to large companies driving sales through countries with low VAT rates, the European Commission issued changes to VAT laws forcing E-Commerce businesses to apply VAT rates to their digital services based on the consumer’s location in the European Union, as opposed to the business’.

Are you a small business struggling to get to the next level and deliver sustainable growth? Here are 10 keys to unlock your growth phase. It might sound obvious but you can only grow if you want to. To grow, small businesses need to challenge their processes, look for opportunities to exploit existing resources and learn from mistakes.

Financial Management requires planning, organizing, directing, and controlling the financial activities of an organisation such as the likes of asset management and expenses. Growth-oriented business decisions are strongly based upon intelligent financial management decisions.

Having good financial management is a must for any business. In addition to preparing and understanding your budget, it is also essential that you monitor your cash flow. If you don’t manage it well, you can run out of cash to pay the bills. Pan Am Airlines, for instance, was once a high-flying brand.