by Melvyn Gilbert | Jul 22, 2017 | Blog
Paying an accountant to handle all of your financial reporting can be expensive, but if you have several different sources and deductions or if you own a small business, it can be worth it. Accountants know many little tricks to saving you money that you might not, plus they understand the tax codes and the paperwork that has to be filed. If you’re still not certain about the expense, here are some ways you can get the best value from your accountant.
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by Dinesh Aggarwal | Jul 22, 2017 | Uncategorized
Managing your business’s cash flow is one of, if not the, most important task you must do. This delicate balancing act can be difficult and stressful — you have to make certain you have the money needed to run your company, pay your vendors, and pay your employees, but you don’t always collect money from your customers right away. A good business owner will be able to prioritize what needs to be paid while holding out for income. If you’re uncertain if you’re managing your cash flow well, here are a few tips.
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by Dinesh Aggarwal | Jul 22, 2017 | Blog
The world has had an enormous shift from what it was a decade ago to what it had set for itself to be; and yet in the rat race, this desire of human civilization seems to be ever growing and insatiable. Be it in the world of technology or commerce; business or society, the pace of development is quite certainly leaving the human civilization behind. Does it scare you of becoming obsolete? Or are you one of those, who constantly strive to keep up with the changing times?
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by Melvyn Gilbert | Jul 22, 2017 | Blog
The Tax Laws Amendment (Small Business Measures No 1) Bill 2015 and the Tax Laws Amendment (Small Business Measures No 2) Bill 2015 have been passed by the House of Representatives.
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by Melvyn Gilbert | Jul 22, 2017 | Blog
The outlook for 2017 is in places easy, in other places hard and in one particular area, near impossible.
Let’s start with the impossible. I am often asked for my view on the Australian dollar against the US, Euro and Pound sterling. I think I have got this right about once in my 35 years in the money industry. Ironically, this was a few years ago when I was doing a series of talks with AMP’s Shane Oliver. The Aussie dollar was buying around $US1.10. All the predictions were for it to go higher. My comment was that this was as high as I had seen it. It has been as low as US 50 cents to our dollar, and my view was that at a $US1.10 for an Aussie dollar, I would at least buy enough US dollars to pay for 5 years of holidays that linked to the US dollar. This, with hindsight, was pure genius. Can I not mention the other times I was completely wrong?
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