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Warning Signs of Insolvency

By recognising the warning signs of insolvency and implementing strategies to minimise risks, accountants, owners and managers may potentially avoid business failure and take steps to minimise personal risk. To determine whether a business is insolvent, a number of factors must be considered. Accountants, owners and managers need to assess their solvency and the following […]

Signs You May Have a Bad Accountant

Regardless of how long you have maintained your relationship with your accountant, and regardless of whether you have a personal or business accountant, or both, it’s wise to step back and assess him or her on occasion. After all, you have entrusted this person, or business, with your finances. Here are a few things to […]

Changes To Simpler Depreciation Rules

The small business instant asset write-off threshold has been increased from $1,000 to $6,500 for the 2012-13 income year. This means the long life small business pool and the general small business pool have been consolidated into a single pool to be written off at one rate. These amendments only apply to small businesses that […]

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