Relationship between board and management
Accounting
There has been much discussion recently on how to develop a productive and harmonious relationship between the board and management. We know that this is critical for good governance and organisational effectiveness but can be difficult to achieve in reality. The importance of this relationship is critical across all sectors whether the organisation be in the Private, Public or Not...
7 ways to minimise tax liabilities before the EoFY
Accounting
With the end of the financial year fast approaching, organisations need to start looking at ways to minimise tax liabilities. While business owners should have strategies in place all year round to reduce tax liabilities, 30 June presents some additional opportunities and is a critical deadline for minimising tax for the financial year. Seven key opportunities to reduce tax liabilities...
How effective is cloud computing?
Accounting
Small to medium sized businesses are finding ways to streamline their business operations by moving away from traditional on-site servers to internet based servers, a process known as 'cloud computing. 'Cloud computing refers to the storage of information, applications and other business tools online. The hardware used for this informationis stored in a remote location and managed by a third...
How effective is cloud computing?
Accounting
Small to medium sized businesses are finding ways to streamline their business operations by moving away from traditional on-site servers to internet based servers, a process known as 'cloud computing.' Cloud computing refers to the storage of information, applications and other business tools online. The hardware used for this information is stored in a remote location and managed by a...
New insurance obligations for SMSF trustees
Accounting
The Federal government has recently introduced new measures to strengthen the regulatory framework in which self managed superannuation funds (SMSFs) operate. These new responsibilities commenced 7 August 2012 and apply to all SMSF Trustees. Insurance Needs A new consideration which must now become a focus for SMSF Trustees is the requirement to consider the insurance needs of all SMSF members...
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