<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=264357774380001&amp;ev=PageView&amp;noscript=1">

Posted by GTC Financial on 14.05.2024

ATO Warning on SMSF asset valuations

The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices.

ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these assets residential or commercial Australian property, you can forgive the ATO for being incredulous.

Read More

Topics: Superannuation, Retirement Planning, Accountability

Posted by GTC Financial on 9.04.2024

Self-Audits - Staying on Top of Important Trends in your Business

Busy leaders need to focus on the needs of customers, prospects, employees, regulators, suppliers and so on. However, we encourage these leaders to also take an active interest in the FINANCIAL health of their business.

Conducting a periodic self-audit or financial health check helps identify areas for improvement and ensures the business remains on track towards the financial goals. 

Here are some important topics to cover in a self-audit.

Read More

Topics: Business Evaluation, Business Improvement, Accountability

Posted by GTC Financial on 13.09.2023

6 Ways to Improve Cash Flow by Managing Receivables (Collections)

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 More

Topics: Business Improvement, Accountability, Optimisation

Posted by GTC Financial on 6.09.2023

9 Ways to Strengthen Financial Controls in a Remote Work Environment

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 More

Topics: Remote, Accountability, Employment

Posted by GTC Financial on 28.04.2023

Using KPIs to Drive Management Decisions

Key Performance Indicators (KPI‘s)  are important management tools and we encourage business leaders to use KPI’s in their businesses.

What is a KPI?

A KPI is quantifiable measurement or metric which helps track the progress towards business goals. Leaders use KPI’s to make better, data-driven decisions. They also guide behavior, productivity and decision-making, while providing transparency and accountability.

Read More

Topics: Business Improvement, Business Planning, Accountability

Subscribe To Our Blog
 
 
 
 
 

Recent Posts