What are Non-Commercial Losses and How to Defer Them?

What are Non-Commercial Losses and How to Defer Them?

See how you might be able to offset your business loss against other income if you are a sole trader or in a partnership. What are non-commercial losses? If you have a business that is not your main source of income and operates with a commercial purpose, you may...
Basics of Chart of Accounts (CoA) You Must Know

Basics of Chart of Accounts (CoA) You Must Know

The chart of accounts (CoA) is considered one of the crucial tools for financial management. It is a useful record-keeping system for a company’s financial accounts that manage all financial transactions. What is a chart of accounts (CoA)? A chart of accounts is vital...