As the 2016-2017 financial year comes to an end, businesses are hastily tying up loose ends in preparation for the new financial year. Often employers can put themselves at risk when pressuring their employees to work extensive overtime to finalise projects, meet deadlines and finish annual reports before the end of the financial year. Employers […]
As the financial year draws to a close and next year’s budgets are debated, there are plenty of ducks to get in a row before July 1 hits. While travel spend may not be front of mind, as CFOs we need to think differently (and strategically) about maximising time on the road and the costs […]
With all the uncertainty in the air, businesses might be forgiven for wanting to pull back a little and just keep things on a slow boil over the next year. The fallout from the British exit from the European Union is still unclear, and with political turmoil back here at home not doing anyone any […]
Small business operators are working weekends and nights to organize the paperwork necessary to meet their EOFY obligations, according to the latest MYOB Business Monitor – a bi-annual national survey of over 1,000 SME owners. “Many operators are making significant personal sacrifices over and above running their day-to-day business, making EOFY not only stressful but […]
The end of a financial year is just a date in a calendar. We use this date to draw a line in the sand and say to ourselves – this is how my business has performed. We then report that data to the relevant stakeholders and measure our performance, pay our tax, meet our banking covenants […]
Need a quick breakdown on how the Federal Government’s mid-year economic outlook will affect your business? Read on.
While the end of the financial year can sometimes be a rushed haze of numbers, money, stock and papers, I think it’s important to take some time to reflect on the year that has just passed.
Australia’s biggest steel maker, BlueScope Steel, said higher raw material costs, the strong Aussie dollar and reduced local demand resulted in a loss of $55 million for the first half of the 2011 financial year. This compares with a loss of $28 million for the same time in the previous year. Speaking at the half-year results briefing in Sydney, BlueScope Steel’s Managing Director and CEO, Mr Paul O’Malley, said “the result is ‘in line’ with the Company’s guidance at the Annual General Meeting and reflective of the developed world steel industry performing near the bottom of its cycle.
The start of a new financial year is always a good time to look at financial plans and activities that will help grow your business over the next 12 months. Planning the financial year is even more important now, as businesses deal with economic challenges, high interest rates, and low consumer confidence. Commentators and economists have varying […]
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