Why accounting firms should outsource?

The accounting industry is growing rapidly, and with this growth comes an increased demand for qualified accountants. Unfortunately, the global skills shortage makes finding and retaining qualified workers difficult as accounting firms struggle to find the talent needed to maintain high standards. Many accounting firms offer a comprehensive suite of services, including bookkeeping, accounting, payroll, … Read more

The most common bookkeeping mistakes business owners need to avoid

Six common bookkeeping mistakes to avoid We highlight the most common mistakes made by SMEs that need to be avoided to ensure the success of their business. With the increase complexity of accounting, compliance and bookkeeping processes, business owners juggle to keep their business profitable. During these challenging times especially, it’s easy to understand where … Read more

7 Ways Outsourced Bookkeeping Can Benefit Your Business

Like most business owners, you are probably wearing many hats. You are probably busy managing your core business activities while juggling many other aspects such as marketing, sales, customer service and bookkeeping. With all the competing priorities that business owners face daily, it’s no wonder that bookkeeping often gets pushed to the side, but this … Read more

Top 5 Accounting Trends

There have been some exciting developments in the accounting industry in recent times. Most notably, advances in technology are reforming accountants’ roles. Far from making accountants redundant, it is creating opportunities for accountants to add high-value insights, focusing on more strategic and advisory roles to aid in decision-making and improve the bottom line for business. … Read more

Top 5 Accounting Skills for The Future

Skills For Future Success Employers find it increasingly difficult to attract the right talent and skills set to achieve long-term common goals. The report named “Skills for future success” has found that the globalisation of business operations and rapid advances in technology are some of the key drivers in a current and future skills shortage … Read more

Advantages and Disadvantages of a Self-Managed Super Fund (SMSF)

What is SMSF? A self-managed super fund (SMSF) is a type of trust with the sole purpose of providing retirement benefits to its members. Generally, A SMSF can have up to 6 members, and the members are also trustees of the fund. Depending on the structure of the SMSF, members can be individual trustees or … Read more

Budgeting for Cyber Security

Do you have a budget for cyber security? “There are two types of companies: those that have been hacked, and those who don’t yet know they have been hacked.” Cisco’s former CEO- John Chambers Cyber security is protecting computers, networks systems, devices, and data from cyber-attacks. Cyber security is gaining attention as businesses increasingly rely … Read more

How small businesses thrive during Christmas and New Year

Cristmas and Small Business

Top 5 tips to help you through the festive season If you own a small business, you’re probably aware that the Christmas and New Year period can be challenging and disruptive with juggling staff absences, cash flow and problems with suppliers due to shutdowns. Some industries will experience peak demand during this time, such as … Read more