Entrepreneurship is a journey that is inherently filled with risks, setbacks, and other obstacles that, if not avoided, could lead to an early failure for your business. However, failure is not the end of the line but merely a setback on the road to success. When a business fails, there can be various factors that […]
Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating efficiency. Effective internal controls are critical to accurate financial reporting. A solid system of controls can help prevent, detect and correct financial misstatements due to errors and fraud. Internal and external risk factors evolve over time. […]
Working capital equals the difference between current assets and current liabilities. Organizations need a certain amount of working capital to run their operations smoothly. The optimal (or “target”) amount of working capital depends on the nature of operations and the industry. Inefficient working capital management can hinder growth and performance. Benchmarks The term “liquidity” refers […]
Most of us are taught from a young age never to assume anything. Why? Well, because when you assume, you make an … you probably know how the rest of the expression goes. A dangerous assumption that many business owners make is that, if their companies are profitable, their cash flow must also be strong. […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Gerard de Gooijer MSc RA of HLG. Gerard has joined IR as our exclusive Audit & Assurance Services Member in Netherlands. Gerard started in the accounting business in 2000 and obtained his Master in Accountancy at NIVRA-Nyenrode in Breukelen in 2006. He has […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Yaw Bamfo-Debrah of Jacob Arthur Accounting Services. Mr. Bamfo-Debrah has joined IR as our exclusive Tax (Accountants), Audit & Assurance Services and Accounting Services Member in Ghana. Mr. Bamfo-Debrah has considerable experience in accounting, taxation, finance, auditing, management and Information Systems […]
Foreword by Andrew Chilvers The Middle East and North Africa (MENA) region is a hugely diverse cultural and geographical mix that stretches from Morocco in northwest Africa to Iran in Southwest Asia. The region is home to a range of economies with vastly different levels of openness to international trade and investment. But with the […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Amavel Calhau of Amável Calhau & Associados, SROC, Lda. Amavel has joined IR as our exclusive Audit & Assurance Services member in Portugal. The company Amável Calhau & Associados, SROC, Lda is registered in the list of statutory auditors’ companies of […]
They say that everybody has at least one good novel in them, and many people feel the same way about ideas for a successful business. If you are considering diving into the world of entrepreneurship, it’s a good idea to pause for a moment, take a deep breath, and let your head take over before […]
February 1 – 1099-NECs Due to Service Providers & the IRS If you are a business or rental property owner and paid $600 or more to individuals (other than employees) as nonemployee compensation during 2020, you are required to provide Form 1099-NEC to those workers by February 1. “Nonemployee compensation” can mean payments for services performed […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Seres Baum of Grupo Work. Seres has joined IR as our exclusive Audit & Assurance Services member in Brazil. Grupo Work is a group of companies specializing in professional and technical services that combine skills in the fields of audit, actuarial, […]
February 1 – Tax Appointment If you don’t already have an appointment scheduled with this office, you should call to make an appointment that is convenient for you. February 1 – File 2020 Individual Return to Avoid Penalty for Not Making 4th Quarter Estimated PaymentIf you file your prior year’s individual income tax return and pay […]