Accounting basics: the profit and loss and balance sheet reports
Understanding your business finances is crucial to effective management, yet navigating company accounts can be challenging for many entrepreneurs. Whether you’re new to accounting or seeking to broaden your knowledge, we can help simplify the core financial reports. Two fundamental statements to understand are the Profit and Loss (P&L) Statement and the Balance Sheet. These […]
How to use forecasts and scenario-planning
Historically, accounting has focused on looking backwards – reporting on what has already occurred. While historical reporting is essential, it only tells part of the story. If you’re relying solely on past performance to make decisions, you’re limiting your ability to plan ahead, assess risk, and take advantage of emerging opportunities. Forecasting provides a forward-looking […]
Business credit: how a business credit card helps your startup
In the early stages of establishing a start-up, access to credit can be a critical component of your financial toolkit. Cashflow is often constrained, revenue streams may be inconsistent, and obtaining traditional bank loans or external investment can be challenging. In such circumstances, applying for a business credit card may seem counterintuitive, given it adds […]
NSW Budget 2025: the impact for your small business
The 2025–26 New South Wales State Budget was handed down on 24 June by NSW Treasurer, The Hon Daniel Mookhey MLC. The Budget outlines a range of initiatives that will have implications for businesses operating across New South Wales. While the Budget includes broader economic measures related to cost-of-living relief, infrastructure and education investment, it […]
Energy Bill Relief Fund: How do you claim relief?
In March 2025, the Federal Government announced an extension to the Energy Bill Relief Fund, aimed at easing cost-of-living pressures for Australian households and supporting approximately one million small businesses. An additional $1.8 billion has been allocated to the program, with rebates taking effect from 1 July 2025 and continuing through to the end of […]
Making your business work for you: passing the business to the next generation
As the owner, your business reflects your hard work and long-term goals. But succession planning is about looking beyond your own involvement – preparing the business to succeed in the hands of the next generation, whether that be family members, senior staff, or an external buyer. Below are key steps to ensure your business is […]
Reducing the uncertainty: Embracing the new reality
Operating a business in today’s climate presents significant challenges—particularly for mature, long-established enterprises grappling with the realities of a rapidly evolving global marketplace. As a seasoned business owner, you bring with you a wealth of experience and commercial insight. However, the emergence of transformative technologies such as artificial intelligence (AI), the increasing impact of climate-related […]
Business tips: Budgeting and managing cashflow
For businesses seeking to improve financial stability and drive growth, adhering to clearly defined budgets is crucial. Managing the ups and downs of project cash flow can be demanding—but becomes far more manageable when budgets are clearly set, regularly tracked, and actively managed. Use your accounting tools to: If you’re planning to expand operations or […]
How to expand your e-commerce and online sales
According to CPA Australia’s Asia-Pacific Small Business Survey, Australian small businesses may be missing key opportunities in the digital economy. The survey found that 67% of SMEs in the Asia-Pacific region generate at least 10% of their revenue from online sales—yet only 39% of Australian SMEs report the same. If your business is not yet […]
Business credit score: how to build a good credit profile
When starting a business, access to finance is fundamental to your success. The ability to secure loans or attract investment largely depends on maintaining a strong business credit score and a healthy credit profile. Establishing a good credit history can be challenging for businesses that have only recently commenced trading. Let’s examine how you can […]