Cenario co-founder, Vaibhav Namburi said that the impacts of COVID-19 on Australia’s economy had led to many business owners questioning how their businesses would survive through the different financial challenges to come.
Practice Ignition, a software solution for accountants, announced it has completed its Series B round, raising AU$26 million, led by Tiger Global Management.
Rounded provides intuitive and straightforward accounting solutions, specifically for sole-traders. The SaaS company, established in 2015 hopes to aggressively pursue its growth strategy, targeting the lucrative and growing “gig economy”
Contingent workforce solutions provider, Rision, is seeking a $4 million plus funding boost to accelerate growth of its patented mobile recruitment and HR platform in key US and Australian markets when it lists on the ASX in June through a reverse takeover of Reclaim Industries Limited (RCM). With the only comprehensive mobile platform on the…
The start of a new year is an exciting time for all, but it’s also the time when small businesses are most likely to struggle with cash flow. It’s important business owners start planning early to make sure they have enough cash. Many small businesses suffer a cash flow crisis in the weeks after Christmas…
Most of us enjoy the traditions of Christmas parties and days on the beach, but for the small to medium businesses there can also be the less happy tradition of cash flow woes. So what can be done to avoid a seasonal cash flow slump? Rather than ending up stranded like a partridge in a…
We all hate doing party-pooper taxes. But, if you knew how to make that office Christmas party tax deductible, it may just be more fun. As Christmas draws closer, small business owners begin to plan exciting celebrations and staff gifts to bring the working year to an end. As most business owners know, this is…
Over half a million Australians are involved in the early stages of setting up a business. You’re probably one of them! With over 25 years of experience in small business accounting, John Corias, senior partner of MAS Accountants, knows the mistakes to avoid when you take the plunge. The top five red flags Corias sees…
We reported how many Aussie businesses are stuck on old school accounting, with one in seven SMEs (13.6 per cent) not even using basic IT to do their accounting according to a recent report by the Australian Bureau of Statistics. Mr Tim Reed, CEO at MYOB, a business solutions provider pointed out that this is…
Accurate accounting is absolutely essential for the success of any business, right? It is therefore shocking to learn that according to a recent report from the Australian Bureau of Statistics one in seven SMEs (13.6 per cent) do not even use basic IT to do their accounting! Not even an Excel sheet! And on that…
Jason Cunningham tells us he is a CPA – a “car parking attendant.” Wait, he means “certified practising accountant.” That’s more like it, eh? Seriously, though, Jason is a man of many talents. He’s a builder of businesses, proprietor of CPA firm The Practise, a radio personality, the “money man” on Channel 10, and a…
A common theme among failed businesses is inadequately managed finances and accounting irregularities. As a business owner it is important to have adequate measures in place to protect your finances and assets. An example highlighting this necessity is the recent case with electrical goods retailer Clive Peeters, where an employee allegedly siphoned $20 million of company funds.
Focusing on growing the business and maximising profitability should always be top priorities for small businesses. However, concentrating on these areas alone can mean neglecting crucial cashflow practices that can lead to the demise of your business. Sue Hirst explains.
It must be hard differentiating a large accounting and advisory company like BDO from its competitors. How can a firm of bean counters distinguish its brand from the rest of the bushel? In this interview with Anthill’s James Tuckerman, BDO’s recently appointed CEO for New South Wales and Victoria Pat Donato talks about his plans for growth and how he intends to position BDO in the Australian advisory landscape.
It must be hard differentiating a large accounting and advisory company like BDO from its competitors. How can a firm of bean counters distinguish its brand from the rest of the bushel? In this interview with Anthill’s James Tuckerman, BDO’s recently appointed CEO for New South Wales and Victoria Pat Donato talks about his plans for growth and how he intends to position BDO in the Australian advisory landscape.
Learn how you can add capital raising to your portfolio of services. This event is only for people who would like to learn how to: Raise capital for clients, earning a retainer plus a success fee of funds raised; Facilitate a client’s exit, earning a retainer plus a success fee of the exit price; Help clients de-risk their business and become investor ready; Facilitate a merger or acquisition on behalf of clients.
Running a small business inevitably means becoming a jack of all trades, most notably of which is ‘doing the books’. This in turn requires getting to grips with tricky accounting packages, an understanding of spreadsheets and becoming conversant with accounting jargon. The result is waving goodbye to your evenings, weekends and regular sleep.
For these businesses (and their owners) to survive this rapidly changing economic environment intact, they just can’t continue to do everything by themselves. To be successful, they need to have an experienced team around them to provide the information, experience and support to meet these growing challenges. This team needs to be able to provide the experienced advice that is needed. They need to know how to handle a difficult economic environment. They need to be flexible. And they need to be affordable for the business.
Across the board, strong businesses are those that are well run and designed to withstand outside influences, or have factored in potential risks and have a plan to manage the situation.
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