Many business owners say they want to “sell their business” without realising there are two very different ways to do it. A share sale means the whole company changes hands, while an asset sale means only the equipment, stock, or contracts are sold. The choice affects tax, risks, and even how the financial records look afterwards. Knowing the difference is vital, and it’s where your guidance as a Chartered Business Accountant in Practice adds real value.

IFRS for SMEs is a financial reporting framework designed for small and medium-sized businesses. It simplifies accounting rules, reduces paperwork, and lowers compliance costs while still following international standards. Unlike full IFRS, it has fewer disclosures, simpler financial instruments, and an easier approach to leases and goodwill. This makes it a practical choice for private companies that do not need complex financial reporting. Businesses using IFRS for SMEs can benefit from clearer financial statements, lower costs, and easier compliance while maintaining credibility with investors and lenders.

Management accounts are a powerful tool for guiding businesses toward better decisions and stronger financial health. This article explores how these reports reveal trends, track performance, and highlight opportunities for growth. Learn how to prepare clear, actionable accounts that help your clients manage cash flow, control costs, and plan strategically for the future