McMillan Woods Mauritius is an accountancy, audit and business advisory firm established since 2008 At McMillan Woods we are committed to helping all our clients’ business thrive in a world of challenges and opportunities.
As a boutique professional services firm, McMillan Woods Mauritius provides accounting and audit services in conjunction with strategic business insight on a range of business issues. We engage, build trust and relationships with CEOs, CFOs and their respective top management team so as to create more value for our customers and stakeholders alike.
Mission: McMillan Woods Mauritius strives to provide quality business services and insight as a support to our clients development and growth.
Operating as usual
accountingtoday.com The Institute of Internal Auditors has introduced a new framework for the professional development of internal auditors.
Today we celebrate Global Ethics Day 2020. Ethics is much more than compliance with rules and extends beyond the corporate world. Let’s introduce ethics in our schools and let’s adopt the UN Sustainable Development Goals to address the global challenges the world is facing.
#globalethicsday2020 #UNSDG Olive Crowd
Very insightful discussions with fellow McMillan Woods colleagues across 50+ countries today under the leadership of Dato Seri Raymond Liew
SME Insights No.2
How to eliminate cognitive biases as an entrepreneur?Study proved that if you ask an entrepreneur what is the probability that his/her business will succeed, on average the answer will be 90%. Our mind works in such a way that it tends to preserve our existing beliefs (cognitive bias) by paying attention to information that confirms those beliefs and discounting information that could challenge them. Cognitive biases may lead entrepreneurs to poor decision making. How to overcome them?
1. Take decisions or consult as a group rather than just 1 person
2. Rather than confirm conditions that could make your business successful, come up with conditions and/or risks that could make it unsuccessful and work towards mitigating those risks
[09/30/20] Thank you everyone who have applied for the posts of Administrative Assistant, Data Analyst and Business Development Executive respectively. The application process is now closed. We will review the CVs next week and will start interviews the week after.
Reminder. It's tax season again!
Feel free to get in touch with us for any information you require.
Happy #AuditorProud Day
In our ‘SME Insights’ series this week, we quote famous organisational psychologist Adam Grant and caution entrepreneurs on potential pitfalls when seeking advice:
‘Advisers often fall into what sociologists call conversational narcissism, focusing too heavily on their personal preferences and experiences rather than taking the perspectives of the entrepreneurs. The most useful advice doesn’t specify what to do; it helps people see blind spots in their thinking and clarify their priorities. In psychology, it’s called Solomon’s paradox’
accountancydaily.co Chartered IIA study raises concerns for corporate governance during coronavirus crisis, and reveals the extent of disruption to internal audit teams, as 46% of internal audit teams have been affected by redeployment during coronavirus lockdown
regxsa.com A new announcement from the Central Bank of the UAE (CBUAE) has made registration mandatory for Hawala or informal money transfer service providers in the UAE. The new Hawala registration system follows the Registered Hawala Providers Regulations. It is an effort by the central authority to improve....
Starting a new business? Ask yourself these essential questions:
Why are you starting this business?
Who will you leave it to?
What user needs are you trying to meet?
So true and great advice
entrepreneur.com Along the road to "becoming successful" are many trials and tribulations, and an abundance of mistakes that will shape you into the person and entrepreneurial leader that you desire to become.
Do get in touch with us on [email protected] if you need any assistance
No doubt SME businesses have been negatively impacted by the pandemic. But SMEs and their owners have a number of definite advantages that make them more resilient than many larger organisations:
1. They work much closer with their customers and therefore understand their needs better
2. SMEs understand their people better
3. SME businesses are easily scalable (up or down)
4. Decisions are taken quicker
Want to add to this list? Comment on your success stories here!
accountancyage.com There’s never been a more urgent need for the digital transformation of accounting, says Modulr's strategic lead for accountancy, Tom Kelly.
Our new office opening hours:
Monday - Thursday: 08h30 to 16h30
Friday : 08h30 to 14h00
Our virtual service hours:
Monday to Friday: 08h00 to 18h00
We are also accessible 24/7 on +23052523356 or [email protected]
[07/13/20] Behind your long term success could be a team of boring accountants 😉 Get in touch with us on [email protected]
[07/10/20] The UK audit watchdog wants the Big 4 to split their audit and consulting arms by 30 June 2024. Will this move substantially improve audit quality as it is claiming? We would like to hear your views.
Free Accounting course from the Corporate Finance Institute
courses.corporatefinanceinstitute.com In CFI's free Accounting Fundamentals Course we explore balance sheets, and income and cash flow statements, then show how to prepare them from scratch.
[07/03/20] Do Internal Audit functions address the risks of governance and cybersecurity enough? Share your thoughts with us
LET'S CELEBRATE SMEs
MICRO, SMALL AND MEDIUM-SIZED ENTERPRISES DAY - 27 JUNE 2020
Well done to the millions of entrepreneurs who take uncalculated risks to follow their passion, to leave a legacy to their future generations, who contribute more than 50% of global GDP and who employ a staggering 70% of global workforce. Yet they pose negligible to no risk to our financial system! 👏🏻👍🏼
Today marks the anniversary of Luca Pacioli's death. Regarded as the father of #accountancy, his revolutionary methods are still used today. View some of his books online using our interactive tool > fal.cn/38I6Q
#lucapacioli #leonardodavinci #icaewHistory #rarebooks
[06/10/20] UK Financial Reporting Council (FRC) prepares to transform into a more powerful regulator, called the Audit, Reporting and Governance Authority (ARGA), following previous recommendations for the audit profession from Sir John Kingman, Sir Donald Brydon and the Competition and Markets Authority
The government announced its 2020 budget yesterday. The second (and we hope not the last) act in supporting and enabling Mauritius to respond to the impacts of COVID-19. As business owners and community leaders, we need to look at what's on offer and answer the call to lead the way
Great tips on stress management
ted.com How do doctors in the emergency room stay calm and focused amidst the chaos? Drawing on years of experience, ER doctor Darria Long shares a straightforward framework to help you take back control and feel less overwhelmed when life starts to get "crazy busy."
Rwanda continues to take the lead!
aa.com.tr Anti-epidemic robots can screen 50 to 150 people per minute among other vital tasks - Anadolu Agency
Sharing a very useful Roadmap by CPA Australia
Harsha tells us why a digital marketing strategy may make sense during this crisis
Harsha explains the relevance of MAU in social media marketing
IESBA Chairman Dr. Stavros Thomadakis explains the practical significance of the revised and restructured Code, an enhanced platform for developing relevant ...
Work Access Permit (WAP) application can now be done online on website besafemoris.mu
Only those holding an existing WAP can apply for now. New applications will be next week
[05/04/20] If you need any assistance on compliance (e.g. data protection) or tax (e.g. issue of VAT invoice) for your online business, feel free to get in touch with us. We are providing a pro-Bono service to SMEs
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|Friday||08:30 - 14:00|
trading , selling and buying
All Empretecos who have followed the ETW are requested to join this platform for better networking and communication
Media Touch est une PME spécialisée dans la communication web et événementielle . Nous développons et réalisons des projets adaptés a la région.
Entrepreneur & Passionate about Self-Development.
Accounting services including monthly payroll services, NPF/PAYE filing, Preparation of Financial Statements, Filing of VAT returns.
We provide expert advice in:Management, Business Administration, Business Coaching for SMEs, HR & Training, Transport & Logistics, Quality, Customer Care..
Arfintech helps businesses grow, and move on to a bigger and better venture. While you concentrate on growing your business, we manage non-essential part of your business and help you focus on core functions.
Edinburgh Management Consulting Ltd (JOBPLUS) is a full service Trainig Institution / Management Consulting / recruitment Firm in Mauritius
Economiste, écrivain et leader d'opinion, Eric a commencé sa carrière professionnelle en 1996 en tant que consultant dans une boîte comptable. Il a travaillé dans différentes sociétés avant de créer sa propre boîte, PluriConseil, en 2004.
Temple Group (Holdings) Ltd. is comprised of 6 companies based in Mauritius. We offer a full range of services in the fields of law & financial services.
Provision of consultancy services for businesses and drawing up of business plans for organisations and prospective entrepreneurs. Tel: 5 863 1808