Benefits of Having Accurate, Relevant and Timely Financial Report
In today’s article we will walk through the Benefits of Having Accurate, Relevant and Timely Financial Report
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We are excited to read everyone’s comment.
This is really cool, thought it might interest you
Trust things are going on well with you and your business.
I’ll like to tell you a story, a real-life story.
I went to a tax station; I met this man in the tax station manager’s office.
Sweating profusely…… and begging the tax station manager.
I became curious of what could be the problem!
I later learnt he was slammed with BOJ assessment.
I know somebody is asking what is BOJ? BOJ is Best of Judgement assessment.
This is when a you cannot support your claim from the tax man with accounting records and financial statements.
The law gives the tax man power to assess you based on his own best of judgement.
That’s just by the way.
The man said, ‘the business is dead because he was not keeping accounting records talk less of preparing financial statement and this made him to eat both the ‘profit and the capital’
These two things can make you to be in the dark in your business
- Not keeping proper books of account
- Not preparing regular financial statement
As business owners and managers, you ought to know the benefits of having accurate, relevant and timely financial statements. CLICK HERE to know more.
And see what you have been missing!!!
Yours in enhancing your profitability and growth
J. Taiwo Popoola
P.S. Do you know some companies lost business and financial opportunities just because they did not have good financial statement. READ THIS to save yourself and your business.
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TAISHA ASSOCIATES provides comprehensive book keeping, accounting, tax, secretarial and consulting services to small and medium companies thereby allowing owners and/or senior management more time to focus on the growth of their business. By providing access to high level accounting services at low cost, clients achieve savings in hard earned money but also soft costs, such as spending less time on bookkeeping and accounting. And as a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits
If you are looking for ways to decrease your overhead and focus on what you do best: building your company, there is answer: TAISHA ASSOCIATES.
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