Archive for December 2022

Lombard Accountants understand that it is tough going for business owners this winter. With the labour market tight, businesses are understaffed, costs have gone up and illness is creating disruption. Add high rates of absenteeism, and remaining workers and business owners are under incredible pressure. When you love your job and always want to do…

Lombard Accountants understand the importance of goodwill, which in accounting refers to the intangible value that a company can hold, above and beyond the pure financial value of its assets. Goodwill covers areas like brand reputation, intellectual property, and both external and internal relationships. Lombard Accountants believe that a business that can show its goodwill…

Lombard Accountants believe that the importance of keeping accurate and up-to-date accounting records cannot be overstated. Proper accounting is essential for the success and sustainability of any business, regardless of its size or industry. Lombard Accountants know that accurate accounting helps businesses to track their income and expenses, providing a clear picture of their financial…

Lombard Accountants know that it’s difficult to make your business stand out from the crowd, especially in the 21st century digital environment where businesses large and small are competing for the same customers. Lombard Accountants understand that remaining competitive is vital for any business. If you stay ahead of your competitors and hang onto your…

The purpose of a business is to make money, and Lombard Accountants understand that in order to achieve this you need to know the difference between profit and cash flow. Net profit is what you have left after you deduct all your business expenses from all your revenue. Lombard Accountants know that you can improve…

Lombard Accountants know that exiting your business is a big commitment. You’re leaving behind everything you’ve built up, so it’s vital that you have a plan of action and a clear route to your end goal. This means sitting down with your advisers to create a long-term exit strategy, with a plan that’s aligned to…