Frequently Asked Questions
When should I contact an accountant?
As soon as you start to think about your business, an accountant can help you take the next steps. We can discuss your business's organization, tax purposes and operations, along with target pricing and profit margins.
What are my options for raising money?
Get some impartial advice from an accountant before you consult the bank. A bank will want to see a strong business plan and organized records. Let us help you get ready for your business's next step!
How can I know which accountant is right for me?
Does your accountant return your calls? Do you feel comfortable asking them a question? Do you feel heard? With the right accountant, the answers should be a resounding "Yes!"
What's the difference between Management Accounts and Annual Financial Statements?
Management accounts are a set of accounts prepared for internal purposes. These would generally be done on a monthly basis along with quarterly and annual reports. These are for the internal management to review and understand the finances of the business .
Annual financial statements are a set of accounts that are required to be prepared in terms of the Companies Act and must comply with a set of accounting standards eg. IFRS (International Financial Reporting Standards).