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There is a strong temptation for people building start-ups to throw themselves whole-heartedly into their business. At first thought, it seems important to commit all free time and resources to the good of the business, and surely dividends will follow, right? Not really. By being too single-minded about it, what you are looking at is physical, emotional and creative exhaustion. In order to succeed, it is important that a full…

Due to the crushing nature of the Federal Government’s Budget deficit ($37 billion) and dwindling commodity prices, there has been much recent talk by both the Government and Opposition of reining in tax concessions – chiefly in the ‘big-ticket’ areas of Superannuation, Negative Gearing, and Capital Gains Tax. Although the Budget is not until May, and the Federal Election is not likely until the second half of the year, some significant changes…

Introduction The recent ABN Conference yielded some common perspectives on the future of the bookkeeping profession. Chief among them was that the entire profession is going through the biggest shake-up since the (then) government mandated small businesses to take-up accounting software for recording GST. The current ‘shake-up’ also comes in the form of software technology: cloud accounting. The effects of cloud accounting software on the bookkeeping profession To date, around…