• Mastering your payroll with Zen Payroll

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    One of the useful apps we recommend to our clients with employees is ZenPayroll. As the name suggests, using this app software means that your payroll goes from a complex, difficult task to a place of quiet and peace. You will become the Zen Master of your payroll…without even trying. How ZenPayroll makes you the […]

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  • 6 More Ways To Cut Costs On Your Next Audit

    In a previous post we covered 6 ways to save money on your audit. Here are 6 more! Audits are a necessary evil for a lot of companies and a cost which can in some cases, seem excessive. So you probably want to know how you can save money on your next audit, right? Well, […]

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  • Overcome the difficulty of documentation in the construction industry with cloud accounting

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    Why is it so difficult to maintain adequate records for construction workers? Construction workers live out of their truck and at the job site, which makes keeping track of their records very difficult. Paper receipts, invoices are everywhere. By the time they return to the office to submit their docs to accounting, they are damaged […]

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  • Loan Agreements

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    There are many financial aspects to a loan agreement which require your attention before signing the agreement. Most loan agreements consist of standard legal verbiage; dates, loan amounts, definition of terms, etc. Here are four financial areas that you need to pay attention to: 1) Accounting Basis Most loan agreements require the accounting records to […]

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  • Top 6 Reasons You May Need An Audit

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    The primary reasons you want an audit is not to verify whether fraud exists, or to make sure your bookkeeper is doing your accounting correctly. Rather, the purpose of an audit is to (ahem): “To obtain a CPA’s opinion as to whether the financial statements are presented fairly with respect to GAAP (generally accepted accounting […]

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  • The power of real-time accounting information to help you make good decisions

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    In order to make good financial decisions, one needs accurate records in real-time to monitor the business appropriately. It used to be that financial statements and relevant accounting information would not be available until the end of your financial year. You would provide the detail, and your accountant would pull this together into the required […]

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  • 25 Mistakes Your Bookkeeper May Be Making (That Will Cost You)

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    Here you are working on growing your business, thinking your bookkeeper is the best, keeping your records up to date and reporting all your transactions. You then find out your bookkeeper is not doing what you expected them to do. Here are 25 common bookkeeping mistakes that might indicate your accounting records are not what […]

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  • What you need to do before getting a business loan

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    As a small business owner, obtaining a loan can be the difference between open and closed for your doors.  It can provide a vital piece of equipment to keep you in the black, or it can help you to expand.  And while the process may look daunting, we are here to help, with a few […]

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  • We are not tax accountants

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    Most people presume a few things about accountants. Things like “accountants always do taxes” may come to mind. At HMFRS, we are going to start by explaining the kind of accountant we are NOT – and we are not tax accountants. But wait! Before you go racing off looking for someone else, here are a […]

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  • How to Create a “Professional Pitch” for Your Business Idea

    How to create a Professional Pitch

    Do you have a great new concept or business idea you are working on? Do you know how you will present it to other people, businesses, customers or venture capitalists? Why not learn how to put together a professional pitch to share with your prospects or colleagues? A professional pitch sums up your idea and […]

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