A warning to Small Businesses entering new Agreements
From 01 July 2021, AASB 2020-2 removed the ability for certain for-profit sector entities to prepare special purpose financial statements. ...
Business Growth
Employee v Contractor – correction to legal interpretation
Are your ‘contractors’ really employees? This is a common question we confront our clients with. After years of fumbling with ...
2022 NSW COVID-19 Small Business Support Grant
The NSW Government recently announced a new COVID-19 support program for businesses for the month of February 2022. Registrations open ...
Is outsourced accounting right for your business?
Many local and international companies in Australia have realised that investing in an in-house accounting department does not make dollars ...
What really drives your profit?
The major financial drivers of profit for any business are price, variable costs, fixed assets and overheads, and sales volume. Do you know which has the most impact?
4 signs that it’s time to outsource your accounting
If you started your own business from scratch, you probably wore a lot of hats in the beginning. In order ...
How to Create a Strategic Plan and Be Supported By Your Team
Your strategic business plan is so much more than most small business owners realise. The majority of small business owners ...
JobMaker: What’s happened and what to do now
In October, as part of the 2020-21 Budget and Economic Recovery Plan, the government announced a new $4 billion stimulus measure called ...
How to Understand and Use Your Annual Financial Statements
Each year your accountant completes your financial statements and income tax returns for your business. These documents are more than ...
Succession Planning – What is it, and when should I start?
Accountants often talk about internal succession planning (or even succession planning more generally), but what is it? Succession planning is ...
2021 Small Business Trends
In 2020, many businesses confronted challenges they had never seen before. Therefore 2020 became a year for resilience and adaptation, ...
Setting up a Business
When setting up a business or making changes to an existing business, it is necessary to plan ahead. This is ...
Handing over the reins – what to consider if children take over the business
All business owners have been building and growing their business over a number of years. As time goes on, all ...
How to deal with business disruption: Three recommendations
New technologies, discoveries and inventions have always created changes in business, but when the COVID pandemic hit this year, the ...
The Power of Resilience
Presently, with the repercussions of recent bushfires receding and the implications of COVID-19 upon us, we all face unprecedented uncertainty. ...
Choosing A Business Partner Post-COVID
Business in the past six months has been anything but normal. Due to the global coronavirus pandemic, businesses have had ...
Can you increase prices right now?
With all the upheaval due to the COVID-19 situation, most businesses are looking for ways to recover some of their ...
Cash Flow Boost payments – do not just assume the ATO knows best!
The Cash Flow Boost is a refundable credit applied to businesses’ ATO account, based on the tax they withhold from ...