Key points The healthcare industry has seen significant technological advancements to support patient care Outdated legacy systems can impact service delivery, data quality and overall efficiency Leveraging connectable systems and optimising data management can help organisations optimise healthcare delivery The healthcare industry has seen remarkable advancements in recent years, from the rise of telemedicine and […]
Key points Messy records mean lost deductions, denied tax credits, and ATO audits—accuracy is everything. Keep invoices, receipts, and payroll records for at least five years (some even longer) to stay compliant. Smart record-keeping isn’t just about tax—it helps you track growth, secure funding, and stay in control. When it comes to tax compliance, the […]
Key points Outsourcing can balance delivering a finance function and freeing up leaders for business strategy Outsourcing to a firm offers the flexibility to scale up or down, and leverage a range of other experts A partnership is critical, ensuring the outsourced team is successfully integrated with the business “If only there were more hours […]
The long-awaited transfer of business ownership from retiring boomers could kick up a gear in 2025, with 85% of dealmakers believing this will be the top deal driver in 2025, up from just 37% in 2024. But only half of dealmakers believe Australian mid-markets are well-prepared for a change in leadership, and one in four […]
On 28th January 2025 the Auditing and Assurance Standards Board (AUASB) approved the adoption of international standard ISSA 5000 General Requirements for Sustainability Assurance Engagements in Australia. This standard will apply to sustainability assurance engagements for reporting periods beginning on or after 1 January 2025. ISSA 5000 was formally launched by the International Auditing and Assurance Standards […]
From 1 July 2024, the Debt Deduction Creation Rules (“DDCR”) permanently deny debt deductions (e.g. interest expenses) for payments arising in connection with certain related party transactions. Broadly, where entities have debt deductions that arise in relation to the acquisition of assets from associates, or fund distributions or royalties to associates, the rules will permanently […]
In April 2024, Australia’s new thin capitalisation rules become law (see here). Broadly, thin capitalisation applies to entities part of multinational groups that incur debt deductions (e.g. interest) of more than $2 million for an income year (on a group basis). The legislation also introduced new integrity measures known as the debt deduction creation rules. […]
Key points: The festive season can disrupt business finances due to increased spending and shutdowns. Cut non-essential expenses, avoid long-term contracts, and diversify suppliers. Engage with banks early, build cash reserves, and maintain strong customer relationships. The festive season, often a period of increased personal spending and celebration, can also pose significant cash flow challenges […]
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