Cash vs Accrual Accounting: What is it, and why does it matter?

Cash or accrual basis accounting can be hard to wrap your head around but worry not as we’re here to help.  You might be asking: When do I use cash basis accounting, and when do I use accrual basis accounting?  The answer you may not want to hear is that it’s up to you as […]

Can A Sole Trader Have Employees?

We are regularly asked the question, “can a sole trader have full-time employees”?  As a sole trader, you have complete control over your business, costs and expenses, time, and most especially, profits. But let’s dive in and explain what a sole trader is.  What is a sole trader? A sole trader is engaged in trade […]

When You Should Consider Outsourcing Your Accounting and Bookkeeeping

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