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...
by Swot Accoountants | Nov 12, 2020 | Business Training
A profit and loss report, also known as an “income statement” summarises business profitability over a specific period of time. Commonly used to show business performance on a monthly, quarterly, or annual basis. A profit and loss report shows the total income and...
by Swot Accoountants | Sep 12, 2020 | Business News, Business Training, Companies & Trusts, Tax & Compliance
If you are starting a new business or your existing business is paying too much in tax, it is essential that the business owner/s seek expert accounting and legal advice concerning the business structure and asset protection. Running a business as a sole trader or in...
by Swot Accoountants | Mar 13, 2020 | Business News, Business Training
Business Masterclass Workshop Are you ready to start your own business or take your existing business to the next level, but don’t know how? Do you have some great business ideas, but don’t know how to make them work? Or maybe, you’re just feeling overwhelmed by all...
by Swot Accoountants | Feb 21, 2020 | Business News, Business Training
Did you know that up to 97% of Australian businesses fail? Here is why: Starting a business for money only Being in the wrong business for the wrong reasons Starting a business without doing any research Year 1 – 30% Year 2 – 50% Year 3 – 60% Year 5 – 75% Overall –...
