Starting a new business is an exciting journey, but it can also be overwhelming. Between creating a product, marketing, and growing your customer base, one thing that often gets overlooked is accounting. Proper financial management is crucial to your success, yet many new business owners find themselves struggling with the basics. To help you get […]
Breaking into the accounting profession can feel daunting, especially in a competitive job market like Australia’s. Whether you’ve just completed your degree or are transitioning into accounting from another career, there are clear steps you can take to stand out and launch your career with confidence. Here’s your all-in-one guide to help you land your […]
Since January 2020 Victoria’s portable long service scheme means workers in community services, contract cleaning and security can receive long service benefits even when transferring between employers in the sector. While the scheme has broadly been regarded as a win for employees working in this sector there are a number of downsides for employers, including: […]
An audit report is a key tool for anyone who wants to make informed decisions about a company. For investors, it’s independent assurance that the company’s financial statements can be trusted. For the company itself, it’s a way to identify any weaknesses in its finances or operations and make improvements. In short, the audit report […]
Running a business means managing a lot of moving parts—financial records, legal requirements, and more. One process that helps ensure everything is in order is an audit. While the term “audit” might sound intimidating, understanding the steps involved can make the experience smoother and more beneficial for your business. 1. Planning the Audit The first […]
Working with or volunteering for a non-profit can be an incredibly rewarding experience, but it comes with its own set of challenges. One of the most important things you need to think about as your non-profit grows is financial accountability and transparency. A key way to ensure that your finances are in order and that […]
An audit report might sound like something only accountants care about, but it’s actually one of the most important documents a business can have. Whether you’re a business owner, an investor, or a lender, understanding why audits matter can give you a clearer picture of a company’s financial health. So, why exactly is an audit […]
The deadline for the ATO Self-Review is March 31st and many Australian Non-profits are yet to complete the task. The ATO introduced the new Not-for-Profit (NFP) Annual Self-Review process in the 2021-22 Federal Budget. It applies to all non-profit organisations with an Australian Business Number (ABN) that are not registered as charities with the Australian […]
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