Accounting News and Articles
Flow On Consequences of the Removal of Interest Deductibility
For many investors the impact of phased removal of interest deductibility is still sinking in. In this article we explore some of the consequences of the change that may not have been apparent at first glance.
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The Importance of ‘Reconciliation’
Reconciliations are a fundamental accounting process that will ensure your financial records are accurate and complete. But it is surprising how many businesses do not undertake them.
Privacy
PrivacyIn June last year there was a change in privacy legislation while we were all dealing with Covid. While no one likes legislation, ignorance is not a good excuse.
Structures
StructuresWith the new year comes the tradies off doing odd jobs, many flouting with liabilities they have no idea about the implications.
What You Need to be Aware of in 2021
Over Christmas, on two occasions we had clients sign contracts without really reading or understanding what they were signing and on both occasions. It meant that legally we could not act for them after the contracts were signed.
Use your Accountant for Advice
Use your Accountant for AdviceWe had an occasion where one of our clients came into the office quite distraught because he had just been given a new commercial lease agreement…
Planning For Christmas
Okay so now you have secured sufficient funding to carry you through the Christmas period, ask yourself the question, do I (or any staff) really need to come into the office over Christmas?
It’s November, Have You Thought About Your Finances?
The year is coming to a close, and as a business owner you need to start thinking about the holiday season, how your cash flow will be impacted and how…
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Good Debt vs. Bad Debt: An Overview
There certainly is an argument to be made that no debt is good debt, but borrowing money and taking on debt is the only way many people can afford to…
Planning for the Unexpected
Planning for the UnexpectedThis type of event can take many forms.