Article from Philip McKibbin of Risk Management Magazine The Institute of Public Accountants is urging businesses to use registered BAS agents, to avoid unnecessary penalties and interest. Many Australian businesses currently rely on unregistered agents, increasing their exposure to risk. “BAS services must be provided by registered practitioners,” said Andrew Conway, the institute’s Chief Executive … Continue reading Companies putting themselves at risk with unregistered agents →

From LinkedIn Today Dec-7-2012 ACCOUNTANTS are the most trusted business advisor, following a breakdown in honesty between companies and their bank managers. A fifth (21%) of businesses say they are more open and honest with their accountants than their bank managers, according to a Sage Omnibus survey of more than 1,000 of its customers. Exactly … Continue reading Accountants beat banks as most trusted source of advice →

By Patrick Stafford from SmartCompany on Jan-30-2013 An accounting body is calling on the government to crack down on the number of businesses using dodgy bookkeepers, saying SMEs are at risk of facing huge penalties if they don’t start using tax agents registered under new laws. The warning comes after a similar red flag was … Continue reading Tax body says SMEs using dodgy bookkeepers should miss out on deductions →

By Kevin Stansfield from Action Coach on Apr-29-2009 http://www.actioncoach.com/6-Key-Areas-to-Help-With-Financial-Mastery-in-Your-Small-Business?pressid=1026 I often get this question: “What is the most common mistake business owners make when they are growing their business?” While I could say it is not setting goals, planning their time or doing enough sales and marketing, the true factor must be the lack of … Continue reading 6 Key Areas to Help With Financial Mastery in Your Small Business →

FAILURE to chase up overdue payments could lead South Australian small businesses on a path to financial ruin, warns Suncorp Bank. Research by Dun & Bradstreet shows the typical 30-day invoice payment period blew out to more than 53 days in the June quarter. This result was worse than that recorded during the height of … Continue reading Chasing cashflow a critical issue for small businesses →