Category: Accounting

Small business owners struggle to effectively administer their own internal accountant services and grapple with managing the books. When setting up a comprehensive accounting department it is important for you to ensure the following five areas are covered: payroll services, tax deductions, incentives and credits, corporate taxes, and financial statements. If you effectively set up…

Brand equity is difficult to measure because much of it depends on consumers’ perception and opinions of a brand. When a product has high brand equity they are successful at retaining their current customers by keeping them satisfied with the quality of products and service. They are also successful at attracting new customers who have…

Many of my clients ask me about the benefits of using a trust as part of their estate plan but they are unaware that there are many different types of trusts and each may serve an important purpose as a part of your estate plan, depending on what your ultimate goals and concerns are. For…

Intellectual Property (IP) is a valuable asset that is included in a company’s “balance sheet” and provides additional valuation to a company. For early stage and small companies, IP may be the company’s sole or primary asset base. Intellectual Property includes patents, trademarks, service marks, copyrights, and trade secrets. This value-added asset can be sold,…

When creating an asset protection plan one must be extremely careful to transfer the assets prior to any problem (such as a lawsuit) occurring. The reason for this is rule is stated below. A fraudulent transfer of assets occurs when assets are transferred with the intention of ‘hindering delaying or defrauding’ your creditors. If a…

Mergers and acquisitions, also known as M&A, are corporate processes of acquiring new assets by buying taking over other business or by merging with them. Like any type of business activity there are pros and cons for both mergers and acquisitions. Some of the pros include: the potential to add value to a company’s bottom…

Conveyancing is the legal work involved in transferring ownership of a property or land, usually carried out by a solicitor or licensed conveyancer. While a property inspection will identify any potential structural problems, it will not uncover issues that may impact on the property and the land on which it is built. It is for…

Brand equity has been defined as a set of brand assets and liabilities linked to a brand, its name, and its symbol that add to or subtract from the value provided by a product or service to a firm and/or to that firm’s customers. If the brand’s name or symbol should change, some or all…