What is CAPEX, and why is it important?: The ins and outs of capital expenditure

Capital expenditure, or CAPEX for short, is essential to any business. It is important for business owners to understand CAPEX and what it can reveal about your business. You may have a lot of questions about CAPEX. What is it? Why is it important? In this blog, we’ll answer all those questions by giving you … Read more

Everything You Need to Know About Human Resources Business Process Outsourcing (BPO)

For business owners, human resources (HR) is a critical aspect of running a successful organization. From recruitment and onboarding to employee reviews and benefits programs, managing your company’s HR responsibilities requires careful coordination and frankly, a lot of work. As your business grows, the demands posed by HR can become overwhelming. That’s where business process … Read more

Are you a start-up? Think Virtual CFO

A start-up is a new company or enterprise in the early stages of development and is usually characterised by innovation, creativity, and risk-taking. While start-up companies tend to be small, they often have big dreams and aspirations. To achieve their goals, start-ups must be well-organised and have a clear financial strategy. Many start-ups are founded … Read more

Tips for managing your hybrid workforce

With the global pandemic shifting the way we work, the landscape of employee management has changed dramatically. Perhaps one of the most significant changes is the rise in remote work, and now, as things start to return to some sense of normalcy, hybrid work models in accounting firms are emerging as the new norm. The … Read more

Cyber Security Threats Facing Accounting Firms: How to Protect Your Firm’s Data

No matter the size, every business is at risk for cyber security threats, and accounting firms are no exception. In fact, accounting firms are at increased risk due to the sensitive nature of the data they handle, such as bank account information, identification data, tax records, and credit card information. This data is highly attractive … Read more

The Secret to Recovering Lost Deals: The Power of the Follow-up Email in your Accounting Firm

It happens to the best of us. We meet with a prospective client, we think the meeting went great, and then… crickets and the deal falls through. Maybe they found a better deal elsewhere, were unhappy with the services we offered, or just plain forgot about us. Whatever the reason, it can be a blow … Read more

How much is your small business worth?

The Top 3 Ways to Value Your Small Business Determining the value of a small business is not always a straightforward process but it is worth the effort to get an accurate valuation. But you may be wondering why it is important to have a business valuation in the first place? There are actually several … Read more

What is goodwill?

“Goodwill” is often a term thrown around in the business world, and business owners refer to “goodwill” when discussing their company’s value, but what exactly is it? Goodwill is a term used in accounting to refer to the value of a company that is not attributed to its tangible assets, such as buildings or equipment. … Read more

10 Strategies To Tackle High Inflation In Your Business

As a business owner, you need to be prepared for anything- including high inflation. As we grapple with the aftermath of the pandemic, business owners globally are feeling the effects of inflation, and Australian business owners are no different. Australia is currently experiencing 6.1% inflation (for June Quarter 2022), the fastest annual increase seen in … Read more

What is ESG, and why is it important for accountants?

What is ESG? ESG stands for “Environmental, Social, and Governance.” It refers to the three central factors in measuring an investment’s sustainability and ethical impact. ESG information can help investors decide where to allocate their money.The concept of ESG has been evolving for many years, but it has only recently gained traction in the financial … Read more