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#goingconcern #bookkeeping #accounting The "going concern concept" is a fundamental accounting principle that assumes a business will continue to operate indefinitely, without any intention or need to liquidate or significantly curtail its operations. This concept underlies the preparation of financial statements, implying that the business will remain in operation long enough to fulfill its objectives and commitments. Key Points: >Continuity: The financial statements are prepared with the assumption that the entity will continue its operations into the foreseeable future. This affects the valuation of assets and liabilities, as well as the treatment of certain expenses and revenues. >Asset Valuation: Under the going concern assumption, assets are valued based on their use in the business rather than their liquidation value. For example, machinery would be valued at its cost minus depreciation, not at its potential sale price. >Liabilities: Liabilities are reported with the expectation that the business will be able to settle its debts as they come due. If a company is not a going concern, its liabilities might be settled at a different amount, considering liquidation or reorganization. >Disclosure: If there is significant doubt about an entity's ability to continue as a going concern, this must be disclosed in the financial statements. Auditors also assess the going concern assumption and provide their opinion on whether the assumption is appropriate. >Implications of Non-Going Concern: If a business is not considered a going concern, its financial statements will be prepared on a different basis, often called a liquidation basis. This typically involves writing down assets to their net realizable values and recognizing liabilities that might arise from ceasing operations. The going concern concept is crucial for stakeholders such as investors, creditors, and employees, as it provides confidence that the business will continue to operate and meet its obligations.

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✍️The announcement of higher Companies House🏠 fees on May 1, 2024, is expected to have a substantial impact on operating costs for firms throughout the United Kingdom. ✍️Although this change appears little at first glance, it has significant ramifications for businesses of any kind. ✍️Companies House said on February 19, 2024, that effective May 1, 2024, their rates would rise. ✍️The primary goal of the higher fees is to improve finances, particularly in order to support the significant modifications that the Economic Crime and Corporate Transparency Act 2023 (ECCTA) is expected to bring about. #accounting #outsourcing #accountingoutsourcing #ukaccountants #bookkeeping #vat

US CPA Firms Overwhelmed? We Can Help! NYBACS is here to support your growing workload. Are you a US CPA firm facing an overflow of work and tight deadlines? We understand the pressure to deliver high-quality accounting services while managing a heavy workload. That's where NYBACS comes in. NYBACS Offers: Experienced US Tax and Accounting Professionals: Our team of qualified professionals can seamlessly integrate with your existing workflow, providing expertise in various areas like bookkeeping, tax preparation, and financial reporting. Scalable Solutions: We scale our support to meet your specific needs, handling overflow work or providing ongoing assistance throughout the year. Cost-Effective Approach: Expand your capacity without the overhead of hiring additional staff. Benefits for Your Firm: Reduce Backlog & Meet Deadlines: Focus on core tasks while NYBACS tackles your overflow work. Enhanced Client Satisfaction: Deliver exceptional service to your clients by meeting their deadlines and exceeding expectations. Increased Efficiency: Streamline your workflow and improve overall firm productivity. Connect with NYBACS Today! Let's discuss how we can help your US CPA firm achieve its goals. Feel free to comment below / call or WA #1 917 675 5278 / email us [email protected] directly, or visit our website for more information: www.nybacs.com #NYBACS #UStax #Accounting #OverflowWork #CPAs #ScalableSolutions #CostEffective

Tab Consultants LLC provide comprehensive financial services with the vision: “𝑬𝒎𝒑𝒐𝒘𝒆𝒓𝒊𝒏𝒈 𝑭𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝑬𝒙𝒄𝒆𝒍𝒍𝒆𝒏𝒄𝒆 𝒂𝒏𝒅 𝑰𝒏𝒅𝒆𝒑𝒆𝒏𝒅𝒆𝒏𝒄𝒆 𝑻𝒉𝒓𝒐𝒖𝒈𝒉 𝑰𝒏𝒔𝒊𝒈𝒉𝒕𝒇𝒖𝒍 𝑮𝒖𝒊𝒅𝒂𝒏𝒄𝒆”. 𝑶𝒖𝒓 𝑺𝒆𝒓𝒗𝒊𝒄𝒆𝒔 𝑰𝒏𝒄𝒍𝒖𝒅𝒆: 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐁𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠: Delivering meticulous and reliable accounting and bookkeeping services to maintain financial accuracy and integrity. 𝐁𝐚𝐜𝐤𝐥𝐨𝐠 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠: Addressing and resolving accumulated financial tasks to bring your records up-to-date and ensure compliance. 𝐈𝐂𝐕 (𝐈𝐧-𝐂𝐨𝐮𝐧𝐭𝐫𝐲 𝐕𝐚𝐥𝐮𝐞) 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧. 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: Assisting with financial structuring, capital raising, and mergers & acquisitions through Banks and other Financial Institutions. 𝐓𝐚𝐱 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐜𝐲 : Offering expert guidance on tax planning, optimization, and compliance. 𝐕𝐀𝐓 𝐚𝐧𝐝 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐓𝐚𝐱 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧𝐬 / 𝐃𝐞𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧𝐬: Ensuring compliance with tax regulations by handling VAT and corporate tax registrations seamlessly. 𝐕𝐀𝐓 𝐑𝐞𝐭𝐮𝐫𝐧𝐬: Providing comprehensive support for preparing and filing accurate VAT returns. 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬, 𝐂𝐚𝐫𝐠𝐨 𝐂𝐥𝐞𝐚𝐫𝐚𝐧𝐜𝐞, 𝐚𝐧𝐝 𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 Streamlining Logistics Operations and Cargo Clearence to avoid delays and additional costs. 𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐃𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐇𝐚𝐧𝐝𝐥𝐢𝐧𝐠 Preparing and managing trade documents such as commercial invoices, bills of exchange, and certificates of origin and submission of these to the Relevant Banks.  𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 & 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭. 𝐎𝐮𝐫 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 Our commitment extends beyond mere numbers preparation to strategic development that brings those numbers to fruition. We believe that financial success is not just about the figures, but about the strategies and actions that drive those numbers. 𝐂𝐨𝐫𝐞 𝐁𝐞𝐥𝐢𝐞𝐟: We believe that there is only one boss: The Customer. Our customer-centric approach ensures that we deliver solutions that are tailored to your unique financial situation. At Tab Consultants we are dedicated to your financial success. Let us guide you on the path to financial excellence and independence. Tab Consultants LLC 📱 +971 581010153 📧 [email protected] 💻www.tabconsultantsllc.Com  #uaetax #taxcompliance #FinancialExpertise #VATreturns #corporatetaxregistration #FTA #UAEBusiness #foryoupage #taxconsultancyuae #foryourpageシ #foryouシ #AccountingServicesUAE #uaevatcompliance

Are you outsourcing your accounting procedure to an outside firm? Is your mind flooded with questions that you can't find answers to? Consult with us over a meeting. We'll be happy to clear your doubts. Reach us at: https://a2rsolutions.in/ The TotalCFO #datasecurity #accountingservices #timemanagement #outsourcing #accounting #businessgrowth #financialmanagement #A2RInfoSolutionLtd #bookkeeping #smartaccounting #usa #cpa #business #accountant #finance #entrepreneur #accountingservices #audit #bookkeeper #bookkeepingservices #smartaccounting

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Looking to drive sustainable growth and achieve long-term success? At Younes and Partners, our Financial Advisory, Tax consultancy and Valuation Services provide expert guidance and customized strategies to help your business thrive. We deliver actionable insights on time and within budget, ensuring you have the tools needed to make informed decisions and maximize your potential. Let us be your trusted partner in financial success! Connect with us today to learn more To learn more, contact us at [email protected] #YounesPartners #Accounting #FinancialAdvisory #Finance #Bookkeeping #AccountingFirm #ManagementConsulting #FinancialConsultancy #Investments #Valuations #TaxConsultancy #UAE

At Dains, we specialise in providing customised accounting solutions for private companies, ensuring that your financial management goes beyond the generic. We understand that every business is unique, and our dedicated team tailors our services to meet your specific needs and ambitions from our comprehensive range of services. Dains is more than just an accountancy firm; we are your strategic partner on the journey to growth. As your business evolves, we provide expert-driven solutions and specialised services to support your ongoing success and adaptability in a competitive landscape. Partner with Dains for a personalised approach that aligns with your goals and drives your company's growth. #DainsAccountants #Accountancy #PrivateCompanies #FinancialManagement #TaxPlanning #BusinessGrowth

🔍 Why Corporate Due Diligence Is Essential for Businesses in the UAE 🌟 In the fast-paced business environment of the UAE, corporate due diligence isn't just a box to tick; it’s a vital component for success! Whether you’re acquiring a new company, entering partnerships, or investing in new markets, thorough due diligence helps you make informed decisions and avoid costly mistakes. Here’s why it matters: 🌐 - https://lnkd.in/gUcYfH47 In the UAE’s dynamic market, a robust due diligence process can be the difference between success and failure. Don’t leave it to chance! Contact us for expert corporate due diligence services. 📞 +971 (50) 695-1806 | 🌐 www.geraldduthie.ae| 📧 [email protected] #DueDiligence #BusinessSuccess #UAE #CorporateLaw #RiskManagement #Investment #BusinessStrategy #GeraldDuthie #YouCanAcCountOnUs