Practice News

Small business owners are the backbone of our economy and their success is crucial for the growth and development of our communities. Albert O’Connor & Co 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…

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. Albert O’Connor & Co 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…

What are your business goals for the year ahead? Albert O’Connor & Co 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…

Albert O’Connor & Co 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 Albert O’Connor & Co Accountants that can help your business thrive. Embrace technology Technology is constantly evolving, and it’s important to stay…

Albert O’Connor & Co 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 Albert O’Connor & Co Accountants can help you achieve your long-term plans. Think big! – What do you…

Albert O’Connor & Co 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…

Albert O’Connor & Co 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. Albert O’Connor & Co Accountants believe that a…

Albert O’Connor & Co 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. Albert O’Connor & Co Accountants know that accurate accounting helps businesses to track their income and expenses, providing…

Albert O’Connor & Co 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. Albert O’Connor & Co Accountants understand that remaining competitive is vital for any business. If you stay ahead of…

The purpose of a business is to make money, and Albert O’Connor & Co 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. Albert O’Connor & Co…