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Business Health Check Review

If you haven‘t already done so, now is a good time to re-visit your business health check.  Just as you go to your doctor for a periodic health check, it’s a good idea to subject your business to a business health check at least annually.  There are many...

Tough Going Early in 2012

Already there have been some shocks for small/medium enterprises in the first couple of months in 2012.  How are these events affecting your business?   Decision by the Reserve Bank of Australia, not to decrease interest rates in February and March. Political...

What’s It Mean?

Historical Cost Historical cost is the original cost for which the assets are acquired. In a Balance Sheet, many assets are normally reflected at their cost price thus being expressed as historical cost.   Interest Cover Interest cover indicates the number of...

New Work Health and Safety Laws

New Work Health and Safety Laws (the National Harmonized Work Health and Safety [WHS] Laws) are scheduled to commence on the 1st January 2012.   It is expected that the WHS Act will be operational in Queensland, New South Wales, Australian Capital Territory,...

Compulsory Superannuation Contributions To Rise

The Australian government has announced that it intends to legislate for an increase in the compulsory superannuation guarantee rate which will be increased gradually over ten years. The initial increments, commencing on the 1st July 2013, will be 0.25 percentage...