Supply Chain Funding a game changer for suppliers
Cash Flow Solutions
When working capital dries up suppliers operating in the B2B space traditionally resort to debtor finance. It's a viable solution for many, but requires care when choosing a provider. Qualifying for a facility can be hard, fees can be high and lock in contracts can be expensive to break. The recent introduction to Australia of Supply Chain Funding, or supplier...
Joining the crowd – Crowd Sourced Equity comes to Australia
Business Law
Recent Federal Government measures have made it easier for start-ups and small businesses to raise capital through Crowd Sourced Equity Funding ("CSEF"). CSEF platforms such as Indigogo and Kickstarter, allow investors to make small financial 'investments' in emerging companies in exchange for equity in the business. Are you eligible for CSEF? From 27 September 2017, unlisted public companies with less...
End of Financial Year preparation: Magical touch on your books!
Bookkeeping
With end of financial year (EOFY) fast approaching, the Tailored Accounts team is counting down to the last day of the financial year! You may wonder why EOFY often becomes such a hectic time for bookkeepers and accountants. I hope this article can shed light on the inner processes of EOFY preparation. The following list articulates the main examples of...
Don’t just buy impressions – make an impression!
Expert Advice
Last week, a business owner who has been finding it hard to grow their business, told me that digital marketing does not work for them. When I hear people make such strong claims, I feel disappointed for two reasons - one, some digital agency did not do their job properly and two, this old established business is possibly giving business...
Follow the money
Property
It is my good fortune that one of my best friends also happens to be my accountant. Naturally this means that on any given day I hit my longsuffering friend up for some free advice about all things financial. There is however one noticeable caveat to this arrangement; during the months of July / Aug I can forget about speaking...
Digital disruption could be good for older workers
Recruitment
There is no 'business as usual' as far as digital disruption is concerned, but one unique way organisations can prepare for such uncertainty is to employ more older workers. While younger digital natives are often thought of as an organisation's best response to the rapid pace of change, a workforce with older experienced employees can be more prepared to face...
Legal issues to consider when starting a business
Expert Advice
Starting a new business is an exciting time. A difficulty may be getting all necessary legal advice, and mechanisms in place prior to starting. Although cash flow can be tight when starting out, this is an important time to receive professional advice, as it may limit the risk of unintended issues arising later. What are the legal issues / advice...
Building security alert
Property
In the past couple of months we have noted a spate of disturbing burglaries within apartment buildings across Canberra. After enquiries with the police as well as with senior members of other strata businesses it appears that the issue may be wide spread. It makes one wonder if there is some degree of underlying organisation. While Vantage Strata and our...
Procurement of goods & services
Expert Advice
We procure goods and services every day. For simple day to day transactions, there is generally no formal contract in place. The provisions of the Australian Consumer Laws would generally apply to the transaction. For larger contracts, it is always prudent to have a formal contract in place which addresses issues such as, who owns any intellectual property (IP) created,...
Tips for the new financial year
Accounting
The race to the end of the year can often mean business owners don't feel they can take the time to plan for the new financial year. Yet effective financial planning is critical to ensure your business' ongoing success. Take a few moments now to complete these key time and money saving tasks: Review your products and services. Do your...
AccountantChange #2020 and the future landscape of the accounting industry
Bookkeeping
Tailored Accounts hosted the first seminar of AccountantChange #2020 in March 2017, with great feedback from all participants. The seminar brought attention to emerging issues and opportunities in four key aspects of the accounting industry: human resources, technology, economic landscape and innovation. The theme of the program emphasised the need for change, accountants being adaptive and ready for the new...
Nine rules I follow when creating successful websites
Expert Advice
If you are developing a new website, use these points to ensure you have a great website: Take the time to understand the business. Every business really is different. I feel it's really important for me to decode the culture and the persona of a business before working out how we are going to represent it online. What are the...
How will I change the organisation?
Expert Advice
I'll change me! That's how I will change the organisation for the better. Very rarely heard are these words "I'll change me" to improve the organisation. Tip: Families are no different, mum and dad if YOU change YOU the fruit you harvest will be sweeter. Tell me, why do you invest so little into YOU when you are the only...
‘Sedate’ pay rises of sub-three per cent ahead for most
Recruitment
Sixty-five per cent of employers will give their staff a pay rise of up to 3% in their next review, but 11% will not increase salaries at all. That's according to our 2017 Hays Salary Guide, released this month, which also shows that 19% of employers intend to award a salary increase of between 3 and 6%. Just 5% of...
Perfect time to downsize
Property
Many Canberran's that are either retired or getting close to retirement have a large percentage of their net worth tied up in their family home. While the family home is exempt from the capital gains tax, it is a nonincome producing asset and will require a substantial amount of money to maintain each year to protect the capital value. Since...
Enterprise Architecture: The foundation of good security
Cyber Security
Enterprise architecture can often be viewed as bringing order to a highly complex ICT portfolio and is thus unnecessary for small businesses. However, small-scale enterprise architecture can assist any organisation to rationalise investment by making cost-effective, technology-based decisions that support business objectives. The role of enterprise architecture in any organisation is to highlight the strategic direction of the business and...
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