All these apps integrate seamlessly with each other and QuickBooks accounting software, thus building a well-rounded accounting and payments ecosystem for your small and mid-sized business. We’d also highly recommend FreshBooks, a solution that has almost as many features and comes how to create a powerful brand identity at a slightly lower price. It’s a … Read more…

When you are free of financial worries, you can focus on driving business growth and revenue. Tracking inventory as you sell them, entering the details in the right expense account and calculating taxable income at the end of the financial year can be very cumbersome manually. You can then share the invoice with clients through … Read more…

By clearly specifying the scope of work, engagement letters create boundaries to stop this from happening. As well as marking the official start of a relationship, engagement letters also give both sides a way to end it. If the terms aren’t clear, the client may mistakenly think they’re entitled to additional services, or the service … Read more…

This sets the stage for the rest of the letter and clarifies the intent and parties involved. After the scope of services is drafted, consider asking a colleague or an impartial party to read your engagement letter to help evaluate whether it’s sufficiently specific. Although such detail may be fairly straightforward for an attest or … Read more…

Some banks like Natwest also support small businesses by giving free access to FreeAgent. Don’t be landed with a surprise bill or fine, and let AWOC Accounting assist with your cryptocurrency tax compliance. AWOC Accounting offers a wide range of accounting services, and the professional and approachable team has a wealth of experience to ensure … Read more…

Failing to report income unearned revenue or claiming ineligible costs can result in tax evasion charges under the law. Retain all profits – The sole trader retains all net business income and does not share profits with others besides paying taxes. While Xero doesn’t limit the number of clients you can bill, its Early plan … Read more…