In Australia, many small businesses grapple with negative cash flow, a significant challenge that affects their financial health. According to a 2023 Xero survey, 85% of business owners identified cash flow management as a top priority. Furthermore, nearly half of small businesses felt the impact of inflation on their cash flow. The survey revealed that …
Guide to Effective Cash Flow Management in Australia Read More »
In today’s complex and fast-paced business world, corporate reporting has become an essential tool for stakeholders seeking to understand a company’s financial health, performance, and overall sustainability. The need for extended corporate reporting is undeniable, but how can this be accomplished without adding further layers of complexity to an already intricate process? This question lies …
Can Digital Reporting Tame the Corporate Reporting Beast? Read More »
New York, Date – In a significant development, Wolters Kluwer, a renowned global leader in professional information, software solutions, and services, has unveiled a revolutionary product, TeamMate® Document Linker. Designed specifically for accounting firms, this innovative solution promises to enhance audit quality by automating the linking of audit samples to supporting evidence, thereby saving precious …
The latest data from the Australian Bureau of Statistics (ABS) reveals that inflation has taken a noteworthy step back, marking its lowest annual figure since February. In July, monthly inflation slowed to 4.9 percent for the 12-month period, driven largely by significant decreases in the cost of petrol and fruit and vegetables. ABS’s Head of …
Inflation Slips to Lowest Annual Figure Since Last February Read More »
In an era of rapid change and unprecedented challenges, the dynamics that shape a country’s progress have evolved. As Australia seeks to define its future growth and resilience, this insightful report titled “The New Equation for Australia” offers a comprehensive perspective on the nation’s path forward. This article delves into the key themes and insights …
Exploring “The New Equation for Australia”: Navigating the Path Ahead Read More »
Accounting and bookkeeping are the backbone of every successful business. Whether you’re a budding entrepreneur, a small business owner, or a finance professional, understanding these essential concepts is crucial to maintaining the financial health and growth of your enterprise. In this article, we will delve into the world of accounting and bookkeeping, exploring their significance, …
Mastering the Art of Accounting and Bookkeeping: A Comprehensive Guide Read More »
Imagine I am the only member of SMSF 1 and I roll assets over to SMSF 2, where I am also the only member: does this trigger a CGT event? Some answer this with a no. The no is derived on the purported basis that since I am the only member of each fund, I …
Does rolling an asset over to another SMSF trigger a CGT event? Read More »
After the Reserve Bank raised the cash rate for the first time in a decade, everyone who has an interest in property is now wondering what happens next? Will the housing market crash? Will inflation create a recession? Should I buy a property now? Above all, the key concern for homeowners, property investors and people …
The decision of an accountant is comparable to that of a new business partner. If you choose the appropriate accountant, they’ll become a dependable coworker and advisor who can offer counsel and direction as your business or personal finances develop. The next step is to decide which accountant to hire if you’ve determined that it’s …
Although it is impossible to completely estimate when interest rates will increase, there are indications that a rise could occur as soon as August 2022. Every homeowner, real estate investor, and first-time home buyer wants to know when official interest rates will increase and how to get ready for it. Covid-19 and its effects on …