What You’re Worth (Statement of position)
Apr 6, 2016
To get an accurate picture of what you are worth, you need to list and compare what you own and what you owe. This way you can see everything. Assets Liabilities Land and buildings $5,000,000.00 ...
What you owe
Apr 4, 2016
Not only do people sometimes forget what they own, they also forget what they owe. It is vitally important that you know exactly what you owe and to whom. This is what your accountant refers to as liabilities. CMK has found that it is easier to focus on the business debt first, as people genera...
What you own
Apr 1, 2016
When it comes to assets, you need to list absolutely everything that you own. We mean it! Do you have a tractor? A new combine harvester? Whatever it is, just list it and estimate its worth. At this point you do not have to worry if you have borrowed money to buy the asset. Most people find it e...
Understand your current position
Mar 30, 2016
If you do not know where you are now, it’s going to be hard to get anywhere else. When you set off on a journey, the first thing you usually do is find your destination on a map, then plan how you are going to get there. Along the journey you look out for landmarks to ensure that you’re headi...