Are your Financial Statements telling you a story?

“We all knows how important it is to review the financial statements regularly and react to the financial situation. This has never been more important than in the changing business environment. The business reaction can be changes in short to medium-term business plans and, for some businesses, changes in long-term business plans.”

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Do you get the best from your accountant…

“For many small and medium size business owners having a professionally qualified person to manage their finance is always in the back of their mind but seldom in forefront while planning and budgeting. Most business owners look at a finance department as an administrative burden on the business rather than a function contributing to their business. The dilemma of hiring full time employee or part time employee is ongoing as hiring a full time employee can be an expensive solution and hiring a part time employee has its own challenges. A part timer may have conflict of interest in terms of efficiencies, if paid on an hourly basis, their dedication to the job, as the employee may have other jobs as well, and maynot be the best qualified person for the job”

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Reserve Bank of Australia (RBA) cut interest rate to historic low of 2.25% on 4 February 2015.

“You must have read these headlines in almost every Australian newspaper. While this is not the first time that RBA has reduced rate and also given general awareness of Australians about interest rate (Thanks to our love for the great Aussie Home and not somuch love for mortgages linked with it); some may wonder how it helps my business.”

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