Arnold & Finlay Blog
New changes to credit reporting come into effect on 12 March this year, and some information will be back dated to December 2012. Up to now, late payments don't show, only defaults. Read more…
Today I thought it might be helpful if I detailed the planning process I use at the end of December, and also June, each year. Read more…
It is now easier for a director to become personally liable for company tax debts. This is not an issue to be ignored and must be dealt with as set out in the Tax Act. Read more…
This is not so hard, it just needs some healthy scepticism (did you see how cleverly I weaved 'healthy' in?) and a few quiet minutes of your time. Read more…
Deloittes, one of the big accounting firms in Australia, has just released its annual review into how super is meeting retirement needs. There are a few gems (and a lot of boring stuff too!) Read more…
I've just been on a two-day course, all about improving profits for small businesses. Not just where to look, that's pretty easy to do, but more the process. Simplifies what needs to be done hugely (can you end a sentence with an adverb?) However, I'll save that for another day! Read more…
An important tool for Owner-Managers of businesses is Emotional Intelligence. It is as critical as the functions of planning, administration and cash flow. A recent study showed there are tangible bottom line outcomes by being positive. Read more…
We've had a few panic calls from clients. Their insurance agent or financial planner said 'the tax office requires you to hold life insurance in your SMSF'. The correct answer to this is 'no, not necessarily'. Read more…
Capital markets are being transformed by the growth of self-managed super funds (SMSF). But, what happens in future may be staggering. Read more…
It's usually around this time of the year when business owners consider a budget for next year (you should!). For most, a lot of work goes into the Expenses or Costs ('can we save $600 on Stationery this year?'). The real effort must be on growing sales and profit, not tinkering. Read more…