by Swot Accoountants | Sep 1, 2021 | Business News, Business Training, Companies & Trusts, Tax & Compliance
When starting a small business, you need to choose which type of business structure to use. It is very important to understand the responsibilities of each structure, as it will affect the set-up and running costs, the tax obligations, asset protection, and potential...
by Swot Accoountants | Jul 1, 2021 | Business News, Business Training, Coronavirus (COVID-19)
In their latest report, the Australian Competition and Consumer Commission (ACCC) reported more than $851 million were lost in scams by Australians in 2020. Here is a breakdown of the reported scams: $328 million lost in investment scams. $131 million lost in romance...
by Swot Accoountants | Apr 21, 2021 | Business News, Business Training
Are you thinking of buying or starting a new business? Do you want to avoid the hidden traps that can potentially cost you hundreds of thousands of dollars? Get a FREE 30-minute consultation before starting or buying a business to learn some of the proven tips and...
by Swot Accoountants | Feb 23, 2021 | Business News, Business Training, Companies & Trusts, Tax & Compliance
Buying an established business can have many advantages, especially a business that has a solid positive business history. However, established businesses can also have many disadvantages, like bad financial history or poor reputation. There are steps you can take and...
by Swot Accoountants | Nov 12, 2020 | Business Training
A statement of cash flows shows how much cash is moving in and out of a business over a particular period of time. Understanding the cash availability to pay debts and purchase materials is a very critical aspect of every business. The statement of cash flows is one...
by Swot Accoountants | Nov 12, 2020 | Business Training
A balance sheet is a financial statement, also known as a “statement of financial position” that report a summary of all business assets (what the business owns) and liabilities (what the business owes) at a particular point in time. The balance sheet is one of three...
