Accounting Advice

Nowadays, more and more people are talking about the benefits of working in “the cloud”. But what does it all mean and, more importantly, why should you care?

Time stands still for no man, and in today’s challenging economic environment nor does business. Over the course of a typical week many small business owners will work 50 hours, and often it is critical business operations such as payroll and accounts that get pushed back until the evening when the day’s trading is over.

Whilst all small business owners have probably been asked to prepare a cash flow at some time in the course of their business, actively continuing to manage cash and working capital on an ongoing basis can get forgotten about, especially in times of slowdown, in the pursuit of new sales and the belief that everyone will be happy as long as the accounts show a profit at the end of the year.

Receiving a visit from the tax inspector is a stressful experience for any business owner, even if their accounts are up to date and in order.

As you’re shopping around to find an accountant, you might like to ask some of these questions. They’ll help you explore the accountant’s services, and understand more about the fees and administration involved in meeting your needs.

In times of crisis, when the whole business world is shaking and struggling with deep financial problems and shortages of all kinds, Bulgaria displays a very significant increase in the number of new businesses springing up.

At Mamut we aim to simplify your working day with our fully integrated business software.

According to HM Revenue & Customs more than two million small business owners could be keeping inadequate records, which has historically led to an underassessment and payment of tax.

Take a free TestDrive today of Mamut’s award winning business software