Family matters

Article Abstract:

A survey conducted by RMIT University found that while nearly 69% of non-family businesses have regular board meetings, less than half of family businesses do and of these, less than half have monthly board meetings. Family business owners prefer to use an accountant for business advice, business planning and succession planning as against a business-consultant by non-family business owners.

Capital funds & cash flow, Evaluation, Accounting and auditing, Surveys, Meetings, Family-owned business enterprises, Family-owned businesses, Family corporations

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Counting the costs: by focusing on reducing costs, many SMEs lose sight of the bigger picture and, ironically, do more harm than good

Article Abstract:

Small-to-medium enterprises (SMEs) could damage the infrastructure of their business and ignore its various aspects in an effort to reduce costs. It is also seen that SMEs prefer to spend on tax minimization strategies but are not willing to spend on items that would make their businesses more efficient.

Financial management, Management dynamics, Taxes, Management, Taxation, Company investment, Investments, Company business management, Small and medium sized companies

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