There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theory.” As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit. You pay them with cash. A business can make a lot of sales, have a book full …
Read more “Why Every Business—Regardless of Size—Needs a Cash Flow Forecast”
Are you ready for the SuperStream? From 1 July 2015, all employers are required to provide contributions and relevant data electronically to all superannuation funds, including SMSFs. This will provide a consistent and more efficient process for receiving contributions, improve data quality and simplify the employer’s obligations What is SuperStream? SuperStream is a government reform …
The Australian Securities and Investments Commission (ASIC) has released its financial report ‘hit list’ for the June 2015 reporting season. And once again they seem to be targeting the usual troublesome areas. While many of our clients no longer fall under ASIC’s reporting regime, these focus areas are a timely reminder to boards and management …
Read more “5 areas you need to review before your next financial report”