If cash flow is tight at your Australian business, bringing on an accountant may seem counterintuitive. However, skilled business accountants can actually save your company significant amounts of money each year through strategic planning and diligent oversight. Do not write off professional accounting as an unnecessary expense—it can provide positive ROI if you choose the right accountant. Here are four key ways that business accountants can save your Australian company money this year.
22 August 2023
Ever heard of the phrase 'happy wife, happy life?' The same statement can be used to describe the relationship between accountants and business owners. A happy accountant ensures a healthy business. An accountant is a crucial asset to small-scale and large-scale enterprises, and they could be the difference between success and failure. For this reason, companies must keep their accountants happy to guarantee healthy finances. Here is a look at tips for keeping business accountants comfortable.
1 March 2021
Each person who intends to invest in any venture needs to ask himself or herself some crucial questions whose answers will form the basis of taking on or rejecting an investment opportunity. This article discusses some of those important questions that you should ask yourself when you want to make an investment. How Will I Lose Money? The first duty of any investor is to protect the money that he or she intends to channel into any investment vehicle.
26 February 2018
According to the Reserve Bank of Australia (RBA), the number of investors owning multiple properties has been growing exponentially over the last few years. RBA puts the growth at 7.5% per annum for persons with various properties. Due to high demand for space, investors that buy old property make renovations worth thousands of dollars. As an incentive to investors, the Australian Taxation Office (ATO) allows deduction claims on depreciable assets. However, few are aware of the effects property renovations have on property deductions once they decide to dispose of them.
15 February 2018
There are almost limitless insurance options for construction and contracting businesses. The differences lie in the coverage amount, premiums, deductibles, scope of coverage and the specific nature of the policy. Therefore, if you are purchasing an insurance cover for the first time, you might be confused about the right choices. As a result, you might end up with insufficient insurance coverage. If you are concerned about this issue in your business, you should consider these tips for promoting proper coverage for your construction operation.
29 January 2018
