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An annual audit is not merely a statutory obligation and an additional burden. It is also an opportunity to gain a clear picture of your company’s financial position and confidence that its processes are working as intended.

Year-end means preparing financial statements, but many businesses overlook one critical aspect: whether the covenants of long-term loans are compliant with the indicators agreed with the bank as at the balance sheet date.

The details of the defense tax that will take a bite out of corporate profits appear to be rife with inequality and unfairness, and a closer look reveals situations where taxes must be paid by those who haven’t turned an actual profit.