Our Blog

Managing (and Getting Help) Through a Business Crisis

Recent global events have tested the mettle of management and boards everywhere. Some business owners will emerge stronger and, sadly, some will cease to exist in their current form. Skilled leaders have a better chance of navigating adverse conditions so let’s look closely at some of those skills. Getting a Quick Understanding of the […]

Is Your Business Model Standing the Test of COVID-19?

As accountants, we need to understand our clients’ business models. In very simple terms, a business model refers to “the way a business makes money”. Take a retailer, for example, who buys and displays products of interest to customers. By attracting people into their store, they sell those products and make a profit, provided the sales […]

From Business Survival to Resilience: Shifting the Focus

Business survival has been a popular topic in recent weeks but businesses are shifting their focus to resilience. What does it take to build businesses that can survive AND thrive in the longer term… while insulating them from a recurrence of recent events? It’s not about picking up where we left off because what worked in the past […]

COVID-19 and JobKeeper: Relief for Employers and Employees

This information is based on legislation passed on 8th April 2020 coupled with rules published by the Treasurer. Always make sure you access the most recent information and get in touch if you’re in doubt. Let’s break this down into pieces: What is the intention of the legislation? The legislation aims to provide roughly 6.5 million Australian workers, eligible […]

How the ATO is Tackling the Black Economy

How the ATO is tackling the black economy with this living expenses questionnaire The black economy, or also known as the cash or hidden economy is a significant economic issue that affects all of us. It refers to both dishonest and criminal activities that take place outside of, or involves misuse or abuse of the […]

The basics of single touch payroll

What is Single Touch Payroll? We’ve all heard Single Touch Payroll being mentioned before. It originated around 2014 and didn’t draw much attention until it’s launch in 2018. Here’s a little bit of background information: Single Touch Payroll (STP) eliminates the need for employers to report employee tax and super info to the ATO every […]

How to drive business sales from your accounting data

How to drive business sales from your accounting data Accounting data is full of ‘stories’ and telling these stories can help you improve your business. An example that we see all too often looks something like this: A Business with Top Line Growth Goals… Nothing unusual there. Many businesses want to grow revenue to […]

Dental Accounting

Dental Accounting The job of a dentist is very different to what it was 20 years ago. The profession has evolved, expectations from clients have risen, new health care laws have been created. Digital technology has advanced and large student loans have impacted how dentists must work and run their dental practices. Since the turn […]

Medical accounting for doctors in Sydney

Medical accounting for doctors in Sydney Why do medical professionals such as doctors and dentists need accountants in this modern era of technology? Simply put; medical professionals who run small businesses need specialised accounting advice to successfully run their medical businesses. Bots (robots) cannot do the same job a specialised, educated, professional accountant can do. These […]

Why Entrepreneurs are Acquiring Properties

Why Entrepreneurs are Acquiring Properties Property investment and development isn’t a new trend. Investing in property and land has been a popular pursuit for decades because on the whole, real estate continues to appreciate in value. Entrepreneurs are seeing the attraction of acquiring properties more and more, both locally and abroad as the need for […]