It’s that time of year. The time when we all start looking at our pile of receipts and mountain of tax forms with dread. When preparing your tax return, even a little mistake can cause problems. You could end up with a larger tax bill than you should, your refund could be delayed, or ever […]
Archives for 2019
Top 10 Tax Mistakes That Are Costing You Money and How to Avoid Them, Part 2
Don’t miss Top 10 Tax Mistakes Part 1, here. 6. You’re misclassifying your employees, including your spouse Your tax liability will be different depending on if you use independent contractors, employees, or a mixture of both. Employees must be paid at least minimum wage, and you have to pay them overtime. However, independent contractors don’t […]
Gold rises as global recession fears lift safe-haven appeal
Gold rose over 1% on Wednesday as an inversion in the closely-watched U.S. Treasury yield curve and weak data from the euro zone stoked fears of global economic recession and drove investors toward safe-haven bullion.
Year-End To-Do’s for Your Small Business
With Halloween behind us, it’s easy to get spooked by year-end to-do lists. But this is the perfect time for small business owners to take stock of business and make some time-sensitive decisions. The earlier you assess your business year, bookkeeping, and record keeping, the more likely you can enjoy a relaxed holiday season and […]
4 Reasons Why You Shouldn’t Ask Your Accountant to do Your Bookkeeping
As you may know, accountants and bookkeepers perform very different tasks. Bookkeepers are the ones managing your general ledger and insuring your accounts balance every day/week/month. Accountants are tax experts and provide higher level insight into your business. So why not just get your accountant to do your books as well? It’s not that […]
Trafigura in ship fuel venture with Frontline, Golden Ocean
Commodities trader Trafigura is joining forces with shipping firms Frontline and Golden Ocean to supply marine fuel ahead of a shake up in regulation which could disrupt delivery and cause prices to spike.
Gold gains as equities slip on trade woes, growth concerns
Gold prices rose on Monday and stayed above the key $1,500 per ounce psychological level, as stock markets slipped on concerns about global economic growth and the U.S.-China trade dispute, triggering safe haven bids.
Is your employee entitled to paid holiday?
The summer holidays are in full swing and you may be wondering whether you should pay your staff while they are away on holiday. All employees and workers are entitled to paid holiday which begins to accrue as soon as they start their job. This includes casual workers who may work one day a week […]
Versace apologises after T-shirt triggers fierce criticism in China
Italian luxury label Versace and its artistic director Donatella Versace apologised on Sunday after one of the company’s T-shirts was widely criticised on social media in China for identifying the Chinese-controlled territories of Hong Kong and Macau as countries.
How to manage bookkeeping updates
Being a bookkeeper requires many different skills. From the obvious passion for numbers to the everyday business requirements like dealing with clients, meeting deadlines and rescuing books from the dark ages – not to mention marketing your business and doing your own business administration and management. But one of the most critical things a bookkeeper […]