Cash Flow and Cash budget: A key to Successful Business

Cash flow or cash flow is the financial report that reflects the flows of income and expenditure of money that a company experiences in a given period. The difference resulting…

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Are SMSFs Still Worth It for Self-Employed Business Owners?

Self-employment offers individuals the freedom to control their destinies, but it also comes with the responsibility of planning for the future, particularly in terms of retirement. For many self-employed business…

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Choosing the Right Profit Margin Calculation with IMTAAA

Profit margin calculation is a crucial aspect of financial analysis for businesses, helping them understand their profitability and make informed decisions. Profit margin is a key financial metric that indicates…

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ATO has Released Finalised Section 100A Guidance

Many Australians, particularly running those businesses, have used family trust structures to build wealth for many years. The ATO took a closer look at distributions from trusts and their tax…

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Director Penalties

As a firm director, you must ensure taxes and employee benefits are filed and paid on time. If you are a current or past corporate director, you may be held…

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Benefits Of Hiring an Accounting And Bookkeeping Firm

Good accounting will always be synonymous with success! An expert always handles a company's account since it will condition the proper functioning of all the operations you are going to…

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What professional skills do I need to become an Accountant?

Accounting is more than just making numerical accounts. Mathematics is still the cornerstone of an accountant's career, but it is essential to have all the skills. Accountants enjoy solid job…

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Financial Reporting Framework in Australia

For small business owners, accurate financial reporting is critical to managing, organising, and understanding their company's finances. This concept can seem complicated and confusing, but they help you define and…

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How An Accountant Can Help In Increasing Profit?

Most ventures are launched with limited resources, so saving is one of their main weapons in the market. And that's fine. But the accountant is one of those resources that…

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