Small Businesses with outstanding tax debts should prepare for looming disclosure to credit reporting agencies.
In a move that could affect the credit rating of small business owners, the ATO has announced that they will be sharing data with credit agencies pertaining to tax debts from 1st July 2017.Read Full Article
Improve Your Cash-flow for a Healthy Business
Profitability is a vital component of a successful business, but without proper cash flow management your business is at risk of failing. The cycle of cash in and out of your business determines your business’ solvency. Read out top tips for maintaining a healthy cash-flow for your business.Read Full Article
When should I hire an accountant for my small business?
If you are starting a small business, chances are you’re wondering if you really need to engage an accountant just yet – perhaps you are trying to save on startup costs, or you think that the business is too small to warrant having an accountant...Read Full Article
Fraud Focus: the impact of Fraud on your business
Evidently, fraud is all around us. Although the digital age has opened up new and exciting opportunities for innovative businesses, it's also seen an increase in attempted fraudulent activity: from ransomware to phishing emails and payroll fraud to credit card scams. What should you - and your business - be concerned about? And where are you most vulnerable? The top scams you should be aware of..Read Full Article
A Business or a Job?
The Four Burners Theory says that “in order to be successful you have to cut off one of your burners. And in order to be really successful, you have to cut off two”.Read Full Article
Cloud Accounting Software
In the tough economic environment, business owners are craving proactive, timely advice, not a history lesson. As an accountant I’m often asked by a potential client what I can offer them that their existing accountant isn’t offering.Read Full Article
Be aware of changes to the Director penalty regime - directors may be personally liable
Royal Assent was given to the “Tax Laws Amendment (2012 Measures No. 2) Act 2012” on 29 June 2012. The changes have been introduced by government in an attempt to “strengthen directors’ obligations to cause their company to comply with itsRead Full Article