Why do businesses fail? It’s a question that’s been asked since the dawn of commerce but the answer is not always black and white. Sometimes it’s a combination of factors that leads to the demise of a company, while other times it may be just one thing that causes the business to fail. A successful … Read more
Many business owners don’t give bookkeeping the attention it deserves. After all, it’s just keeping track of the money coming in and going out, right? But if you want your business to be successful, bookkeeping is key. Bookkeeping is the backbone of any business, small or large, and it provides critical financial information that businesses … Read more
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
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
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? 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
What is agile? Agile is a set of values, principles and practices traditionally used for software development that emphasise iterative and incremental delivery, timely responsiveness to change, close collaboration between business stakeholders and self-organising teams, and continuous learning.Essentially, agile is about getting things done in a more efficient, practical and iterative way. It was first … Read more
The accounting profession is constantly evolving to meet the needs of businesses and their customers. However, this also means that accounting firms face a number of unique challenges. We discuss the top ten challenges that accounting firms are facing in 2022. 1. Technology and automation Technology and automation can have a lot of benefits for … Read more
There are a lot of accounting firms out there, and it can be tough to make sure yours stand out. Not only is it important to stand out from competitors to attract clients, but it’s also essential to attract top talent to your firm. If you want your firm to succeed, you need to be … Read more
The world of accounting is changing. And it’s all thanks to blockchain. Yes, that’s right. The same technology that powers Bitcoin is now being used to revolutionise how businesses keep track of their finances, and accountants must adapt to reap the benefits of this innovative new technology. What is blockchain? To understand how blockchain is … Read more