Tag: <span>Accounting Pitfalls</span>

Money laundering: do you fully understand the risks?

Essential due diligence  Accountants play an essential role in preventing money laundering by understanding risks, meeting regulatory obligations and encouraging compliance and good practices to mitigate these risks. Reviewing firm-wide risk assessments of money laundering threats on a regular basis is imperative for accountancy firms to make sure they have identified all the areas relevant…




Do KPIs guarantee success?

Matching the right KPIs to your business strategy; keep it relevant!  If you have a good grip on what makes your business tick then it’s useful to be able to ‘glance’ at the business and its performance against plan by way of a brief set of business measures; Key performance Indicators (KPIs). KPIs typically track…




Avoid These Small Business Accounting Pitfalls

Owning a small business can be a bit of a rollercoaster ride and sometimes this can lead to mistakes in accounting that can result in problems for the business. Here are some tips on avoiding some of the common pitfalls business owners often encounter. 1. Not keeping personal finances separate from business finances Old habits…