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
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 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
“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
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
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
Are you looking for ways to increase the profits of your business? If so, you’re in luck! We will discuss seven simple ways to improve your bottom line. Many businesses are surprised at how easy it is to increase their profits without significant changes. Implementing just a few of these tips can make a big … Read more
Understand Tax record-keeping requirements in Australia It’s essential to keep accurate records of your income and expenses throughout the financial year. This will make meeting your tax obligations much easier when the time comes. The ATO requires that you keep records for a minimum of five years, so it’s a good idea to set up … Read more