Why do so many small-medium businesses fail to succeed? Causes of company failure are varied, however, a 2011-12 report into corporate insolvencies by the Australian Securities and Investments Commission found: • 44 per cent suffered poor strategic management • 40 per cent fell victim to inadequate cash flow or high cash use • 33 per cent went under because of trading losses One could argue that the first point above most likely lead to points 2 & 3 – regardless o
THE so called digital age has changed the way many of us live and work and for some, this change has affected them in a much greater way.
One such profession that has been quite dramatically affected with the coming of the digital age are accountants.
Traditionally, the business owner / accountant relationship has been very transactional.
Ms Business Owner would connect with her accountant at year end in order to meet her compliance needs. With the introduction of GST,