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Directors of all types of companies have complex responsibilities relating to their company’s operations. “In a world of increasing complexity – where the temptation is to say “just leave it to the experts” – Boards of Directors are tasked with k...

Companies which have a 30 June financial year and undertook R&D activities in 2022/23 have to lodge their R&D Tax Incentive application with AusIndustry by 30 April 2024. This summary requires significant information to be lodged relating...

There needs to be a system of when meetings will be held and the reports to be submitted if a Board of Advice is going to add value to the Director. A system needs to be established for the preparation of reports relating to: Manufacturing or th...

Corporate Governance is an important subject for all businesses, particularly companies. Obviously, private companies must have at least one director (unless the company’s Constitution stipulates there must be more than one director) and many com...

There are a whole range of issues confronting SME business operators, whether they are operating as a sole trader, in a partnership or through a company. An awareness of ‘Corporate Governance’ is very important as this is a key component on the s...

The Predictive Accounting Process incorporates budgets, cash flow forecasts and projected balance sheets. But the link that makes these forecasting functions credible are the ‘KEY DRIVERS’. ‘Key drivers’ relate to items such as: Production targe...

A Business Plan is a ‘wordy’ document. By contrast, the series of documents comprising the Predictive Accounting Reports include numbers to show the ‘financial interpretation of the business plan’. The Budgeting Process is very important for all ...

This should be the aim of any accounting system. The data is not primarily for the accountant or bookkeeper, but for the managers and leadership team members within the business. Business activities obviously occur on a daily basis and I believe...

In our previous post, it was suggested that Accountants/Bookkeepers should be suggesting to their SME clients that they will benefit by modelling their business on larger businesses, preferably in the same industry. Let’s dig deeper into that conc...