by Canning Tax & Advisory | 20 Feb 2023 | Business Operations, Business Planning
In a volatile market, keeping to a strategy, or let’s face it creating one, can be tough. The downside of not taking time out for your strategy is that there is a tendency to keep a short-term focus at an operational level to try and pick quick wins to generate...
by Canning Tax & Advisory | 20 Feb 2023 | Business Operations, Business Planning
Let’s start with a definition of Bad Debt. Bad Debt is an amount of money a creditor must write off after a debtor defaults. Understanding and incurring bad debt is part of doing business… because there is ALWAYS a risk that payments won’t be collected,...
by Canning Tax & Advisory | 20 Feb 2023 | Business Operations, Business Planning
As Accountants we like to see highly efficient businesses… because that leads to more profit, a higher valuation and – usually – happier owners, managers and employees! Automation is one way to increase efficiency. The benefits of automation...
by Canning Tax & Advisory | 13 Dec 2022 | Business Operations, Business Planning
The Government’s ‘Secure Jobs, Better Pay’ legislation passed Parliament on 2 December 2022. We explore the issues. The Fair Work Legislation Amendment (Secure Jobs, Better Pay) Bill 2022 passed Parliament on 2 December 2020. The legislation is extensive and...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning, Succession, Tax Compliance
The value of cryptocurrency assets inside Australian self managed superannuation funds (SMSFs) increased by 589.9% ($1.17bn) between June 2019 and June 2022, according to the latest ATO statistics. While cryptocurrency is a relatively small asset class at only 0.16%...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning, Tax Compliance
In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including the reduction of the top personal income tax rate that applies to those earning more than £150,000 from 45% to 40%. Just ten days later,...
