The Australian Association of Angel Investors (AAAI) held their annual conference in Melbourne last week. The AAAI  represents  approximately  5,000 angel investors who actively invest  and pursue investment opportunities, primarily for new technology companies within...

If you haven’t already registered for research and development expenditure, incurred by your company for the year ended 30th June 2011, you have until the 30th April 2012 to do so.  Please contact us if you need any assistance.

Cashflow management is going to be extremely important to all small/medium enterprises during 2012.  The continuing problems in Europe, which resulted in the tightening up of lending practises by Australian banks and the actions of the Australian Taxation Office in...

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 questions to...

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...

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 (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,...

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...

There are some confusing business indicators evident in Australia at present. Interest rates have dropped from 4.75% to 4.5% and unemployment has increased to 5.3%.  Retail shop sales are down, however it has been indicated that internet sales, many of which originate...

Now is a good time to stress test your business to see how it would stand up to a bank review.   The first area to start with is to look internally to see what improvements could be made.  Could your working capital be better managed?   This involves stock,...