The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your deductions.
Read MoreTopics: Tax, Technology, Accounting
All businesses should carefully monitor their cash position.
Healthy cash reserves enable investment in growth, allow distributions to owners or - for some businesses - can be a matter of survival. In any case, cash management is critical.
One way to improve the cash position is to carefully manage Accounts Receivable (or collections). Here are some Best Practices which can positively impact the cash position.
Read MoreTopics: Business Improvement, Accountability, Optimisation
Employing remote workers presents additional challenges related to financial controls.
Managers and employees may not believe they are at risk but studies by the Association of Certified Fraud Examiners show companies with fewer than 100 employees are more likely to lose money to fraud.
Leaders need to demonstrate the importance of improving financial security and minimising risk. Here are measures they can take.
Read MoreTopics: Employment, Remote, Accountability
One expense that can grow out of control in many businesses is Information Technology (IT). Tweaking investment in IT increases performance and profitability and sometimes major cutbacks are necessary. Either way, it’s best to be systematic. Here are some ways to economise on IT spending.
Read MoreTopics: Business Planning, Technology, Efficiency
All businesses should review their expenses periodically.
Prudent expense management helps ensure that valuable cash resources are used wisely. And sometimes, a business may NEED TO reduce expenses as a matter of survival.
No matter what the circumstances, here are some Best Practices in reviewing and managing expenses.
Topics: Business Evaluation, Business Improvement, Wealth Creation
