Not Again! – Bookkeeper Fraud

Thumbnail image for Not Again! – Bookkeeper Fraud by Arnold Shields 20 January 2012

I just had another call from another business owner who has found that his bookkeeper had been stealing from his business. The circumstances in almost every call we get are frighteningly simillar. The bookkeeper had been a trusted employee and had used internet banking to transfer money from the company bank account to her own accounts. The transactions were usually [...]

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What You Can Measure, You Can Manage for Lawyers and Business Owners

Thumbnail image for What You Can Measure, You Can Manage for Lawyers and Business Owners by Adam Giliberti 18 January 2012

One of the difficulties I have as a business advisor is to persuade business owners to spend less time working in their business and more time working on it. This can be a scary proposition for many business owners, particularly those with deep expertise and experience in the product, market or industry they operate in as they feel that no [...]

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GST and Bad Debts

Thumbnail image for GST and Bad Debts by Kara Peachey 6 December 2011

Under GST Ruling 2002/2, a decreasing GST adjustment needs to be made to account for the writing off of bad debts. In order to do so, the ruling states that: GST must have been attributed A decreasing adjustment for a bad debt can arise in respect of a supply if either : you attributed the GST on the supply on [...]

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Cash Is King – Improving your Cashflow – Webinar

Thumbnail image for Cash Is King – Improving your Cashflow – Webinar by Arnold Shields 18 November 2011

Join us for a Webinar on November 24 This month, we are going to discuss the main topic on every business owners mind – cashflow and how to get it in your bank. With the uncertain economic times ahead – who knows what will happen in Europe – managing your cashflow is going to vitally important for every business. In [...]

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Superannuation Guarantee Increases 2013 to 2019

Thumbnail image for Superannuation Guarantee Increases 2013 to 2019 by Gavin Bateman 10 November 2011

The Superannuation Guarantee (Administration) Amendment Bill 2011 was recently introduced into Parliament. In accordance with the Government’s announcement back in May last year, the level of Superannuation Guarantee contributions required to be paid by employers to employees will gradually increase from 9% to 12%. In addition to rising the rate of compulsory superannuation, the Bill also proposes to raise the [...]

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Worried you missed the tax return lodgement deadline?

Thumbnail image for Worried you missed the tax return lodgement deadline? by Kara Peachey 7 November 2011

Need to lodge your tax return late? The due date for lodgement for your 2011 tax returns was 31 October 2011. Missed the deadline? It is important that you arrange to have your tax return prepared and lodged now so as to avoid hefty penalties by the ATO. Are there fines/penalties? ATO fines can be excessive and the table below [...]

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Interest Rate Cut by Reserve Bank

Thumbnail image for Interest Rate Cut by Reserve Bank by Kara Peachey 4 November 2011

The Reserve Bank’s decision to lower the cash rate by 25 basis points to 4.5% aims ‘to deliver an added boost to confidence’. Why was there a rate cut? Global financial markets have recovered somewhat from the turmoil of recent months. Australia’s terms of trade have now peaked and will decline somewhat in the near term, but they remain very [...]

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