Articles

Let's explore some common and rare occasions of various industries in tax, accounting and business. Why articles? This is because we might encounter similar problems but in different contexts, thus by sharing we can increase awareness among entrepreneurs, business owners and even the public.

Directors' Fiduciary Roles

Directors play a crucial role in the management and operation of a company. They are responsible for making strategic decisions and implementing policies that will ensure the long-term success of the company.

Shareholders' Roles & Rights

Shareholders play a crucial role in the operation and management of a company. As owners of the company, shareholders have the right to participate in the decision-making process, receive dividends, and receive a share of the company's assets if it is dissolved.

Reporting Institution (RI)

Reporting Institutions (RI) have a number of duties and responsibilities when it comes to reporting financial transactions and suspicious activity. These institutions include banks, financial institutions, and other entities that are regulated by the Financial Services Act 2013 and the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001.

Compliance Officer (CO)

Compliance Officers (CO) play a critical role in ensuring that businesses and organizations adhere to the laws and regulations that apply to their operations. CO are responsible for developing and implementing compliance programs, monitoring the organization's compliance with laws and regulations, and ensuring that appropriate policies and procedures are in place to prevent and detect violations.

Bookkeeping in Accounting

Bookkeeping is a crucial part of the accounting process. It involves carefully recording and tracking financial transactions, and ensuring that all financial records are accurate, up-to-date, and properly organized. This can involve tasks such as reconciling bank statements, tracking expenses, and preparing financial reports.

Tax Planning and Tax Relief

Tax planning is the process of organizing your financial affairs in a way that maximizes your tax efficiency. This can involve making sure that you are taking advantage of all available tax deductions and credits, and organizing your financial affairs in a way that minimizes your tax liability. One way to reduce your tax liability is to take advantage of tax relief programs that are available. Tax relief programs are government initiatives that provide tax breaks or other forms of financial assistance to individuals or businesses who meet certain criteria.