Financial reports for businesses can be prepared quarterly, every six months or annually. Below are reasons why it may not be advisable for you to ask your accountiants to prepare quarterly reports about the health of your business.
Less Innovation May Take Place
Research and development activities usually take a long time to yield tangible results. For example, it is hard to develop a new product for your business within a month or two.
As the owner of small construction company, you may be wondering whether you really need to have public liability insurance. After all, Australia business owners aren't always required to maintain this type of cover by law -- and it might seem like the type of insurance better suited for large companies with hundreds of employees. Actually, public liability coverage is a wise choice for nearly any business owner, whether small or large.