Articles

11 Mar 2014

The changing face of accounting – In the cloud

Over recent years we have seen the release of a multitude of Cloud software products. These internet browser based products offer the convenience of being able to be…

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22 Feb 2014

Thinking of renting out your family home for a while?

We have been contacted on a number of occasions by the Victorian State Revenue Office (SRO) concerning clients who have rented out their home for a period without…

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12 Feb 2014

Hobby or enterprise? The ATO is watching

The Australian Tax Office (ATO) is getting increasingly sophisticated at tracing and matching financial transactions of both business and individuals. Financial software is becoming more complex and powerful.…

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03 Feb 2014

Superannuation – Life after work

It is of course possible to go on working for as long as you like in some cases. However, most people will spend 20 years or more in…

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09 Jan 2014

Business value – Putting a value on your business

There are a few methods used to determine the physical value of your business. Some of the most used ones are: Net assets Earnings based Rule of thumb…

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09 Jan 2014

Business value – Be realistic

Research shows that owners of most Australian small to medium enterprises (SMEs) and family businesses perceive the "fair value" of their businesses to be much greater than the…

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09 Jan 2014

Business value – A succession plan is vital

Fewer than 30% of Australian SME/family businesses have a realistic succession plan in place. This creates the potential for many businesses to fail or not realise their full…

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09 Jan 2014

Business value – Embark on a strategic approach

True succession planning begins with an evaluation of business performance. This allows for a range of sensible options to be developed, including an assessment of the financial benefits…

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09 Jan 2014

Business value – Grooming leaders

Vital to the plan is the identification and grooming of future leaders and key skill requirements. Responsibility for grooming the next generation belongs to the experienced business owners.…

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