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Are you spending TOO MUCH on accounting costs?

by , 16 April 2014
Are you spending TOO MUCH on accounting costs?

REVEALED: The secret to reducing your audit fees...
There's nothing worse than handing over fat cheques to your accountant, right?
If you're a business owner you probably rationalise this expense with thoughts like:
'My accountant helps prevent fraud in my company'
'At least my accountant helps us to save on tax and Vat'
'At least I'm kept up to date on changing laws'
These rational statements are often enough to justify the large amounts companies like yours hand over to professionals, but...

There's a cost-effective alternative to high costs for peace of mind

The truth is you could pay less accounting fees while at the same time prevent fraud, save on tax and Vat costs and keep up to date on changing legislation.

FSPBusiness and 11 accounting experts have combined their skills and experience to develop a service that'll give you practical advice, tips and tools to implement correct accounting practices in your business. It's called the Practical Accountancy Loose Leaf and it'll help you save on auditors' fees because it will:

Ensure your fixed asset register is prepared by the time your auditor arrives;
Help you maintain your cash flow;
Identify problem areas in your business; and
Cost less than what an accountant charges for two hours of his work.

But these are only a few of the many benefits you'll receive. When you use the Practical Accountancy Loose Leaf you'll also ensure more business success in three key-areas:

1.    Pay less Vat and tax

The Accountancy Loose Leaf will show you exactly which taxes apply to your business. Practical examples and easy-to-understand English will show you how to avoid Vat and tax traps. By ensuring your Vat processing and returns are correct it'll also help you to avoid SARS audits.

2.    Keep up to date with changing legislation

The Accountancy Loose Leaf is 100% in line with accounting standards and legislation and the information is consistent with all relevant fiscal legislation. It's checked by two external consultants which means the information is always reliable.

So, let me ask you: Are you spending TOO MUCH on accounting costs? Go here to reduce your audit fees.

3.    Prevent fraud

The Accountancy Loose Leaf will help prevent fraud in your company because it'll give you the power to audit your auditor. It'll show you how to translate the numbers in your financial statements into practical information so you can assess the financial health and viability of your business.

The new Companies Act states that the director could be held personally liable for fraud in the company. This means that you need to know exactly what your financial status is. Relying on your auditor for feedback is not good enough anymore.


Philip Rosenberg

Managing Editor, Practical Accountancy Loose Leaf Service

P.S: Try the Practical Accountancy Loose Leaf Service today and you'll receive a 25% discount voucher for all finance seminars for 2014! Click here to view the list of products and seminars available.

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