Understanding insolvency
Insolvency can be confronting for business owners. Here are some basics to understand what insolvency is.
What is General Interest Charge?
GIC is an interest charge for late ATO payments, next year these payments become non deductible.
Basic Terms We Use
We use a lot of shortened terms or acronyms, here is a simple guide of what we use.
What is happening in the small brewing sector
The brewing sector is under pressure from the perfect storm of financial impacts, if you are struggling in your business reach out, we have worked with several brewers with cash flow difficulties.
Rural Succession Planning
Farming families offer a different perspective on succession, with careful planning keeping the farm can be the reality across generations.
Tips for Managing Creditors
We are often too soft in business and it can mean that creditors get out of order. Take a structured outlook to your creditors and make sure you are getting paid.
Cash flow planning
Cash flow is the lifeblood of all business. Taking a step back and planning your cash flow is critical for all businesses, making sure not only are you paying your bills but ensuring that your business gives you the income you need.
Why you need fathom
Fathom Reporting in critical for businesses wanting information about how they are performing and what their future cash flow looks like. It is a valuable tool for any business that is looking for accountability.
Welcome Back
It has been three years since we have been a standalone business it is great to be back. We welcome Pete as a partner of the firm.
Contractor or Employee
It’s important to note that no single factor determines whether a person is an employee or a contractor. Instead, the whole working arrangement must be considered. Misclassifying an employee as a contractor can lead to legal and financial penalties. If in doubt, seek legal advice or use the ATO’s decision tool available on their website for guidance.
