The recent news that the Federal Government is pushing the National Tax Summit to October and will not be covering key tax issues such as GST, the proposed carbon tax and the mining tax is worrying.
How important is loyalty and leadership when getting a business up and running? In this blog post Michael Derin explores some lessons from history.
Have you ever wondered why it takes so long to have your tax return completed each year? Do you confidently know how your business is performing and what its financial position is? Do you suffer from not having accurate and financial information on hand to make important business decisions? If you answered yes to any of these questions then your business may be suffering from a financial disconnect.
2011 has begun with the same uncertainty we saw in the last quarter of 2010. Market reports on business performance continue to contradict each other, the economy persists to operate at two distinct speeds and consumer spending remains tepid.
Reading the December/January issue of Dynamic Business I couldn’t help being drawn to the article on the New Year resolutions of the featured businesses.
As an accountant and a virtual CFO, I work with a lot of small business owners and one of the most common mistakes they are often guilty of is micromanaging their team and working ‘in’ the business rather than ‘on’ the business.
When it comes to interest rates, small businesses have had a rough time lately. They’ve had to cope with tough lending conditions from the big banks and now another interest rate rise.
There has been much talk and speculation recently with the Australian dollar hitting parity twice with the US dollar in the last month alone (the last time parity occurred was in July 1982).
I have been asked by a Dynamic Business reader (thanks to @djcoombes74) to discuss the costs associated with debt recovery. The collection of debt is an important topic for businesses and an area that is often poorly managed.
One of my favourite shows lately is Dragons’ Den on BBC sees entrepreneurs pitching their ideas to a group of savvy investors in order to obtain financial backing to get their innovation off the ground.
