Practice News

Lombard Accountants know that as a business owner, you wear many hats – CEO, salesperson, and accountant, to name a few. With so many responsibilities, it can be easy to overlook one of the most important aspects of running a business – budgeting. But make no mistake, budgeting is the backbone of a successful business.…

Small business owners are the backbone of our economy and their success is crucial for the growth and development of our communities. Lombard Accountants know that starting and running a small business is no easy feat, it requires hard work, determination, and a constant drive for improvement.  In today’s fast-paced and ever-changing business environment, Lombard…

At the beginning of your business journey, you and your co-founders will be in charge of selecting and hiring the key members of your new team. Lombard Accountants understand that the people you choose will identify with your core aims for the business and will (usually) share your core values too. For example, if being…

What are your business goals for the year ahead? Lombard Accountants believe that the beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement. Last year, there were inescapable impacts…

Lombard Accountants believe that staying on top of the latest trends and best practices is important for the success of your business. Here are a few tips for 2023 from Lombard Accountants that can help your business thrive. Embrace technology Technology is constantly evolving, and it’s important to stay up to date with the latest…

Lombard Accountants believe that effective goal setting will help you get the very best out of 2023. Whether you want to grow your business or take more time for yourself, these goal-setting tips from Lombard Accountants can help you achieve your long-term plans. Think big! – What do you want from your life – and…

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…