Accounting and Finance (Page 2)

Finance, Taxation, Insurance and Accounting related articles

Contributed By: Mike Phipps Finance on

The comedian Jim Jeffries is profane, offensive, politically incorrect and very very funny. His riff on America’s fascination with guns is particularly biting. He observes that people of a certain demographic get very angry when he suggests that perhaps it’s time for the great US of A to reflect on gun violence. “You can’t change the 2nd amendment” they shout, to which he retorts, “Yes you can, it’s called an amendment!”. Kinda says it all when it comes to some attitudes to change. Got me thinking about stuff we take for granted that might not get a run in today’s gentler, more feeling world. ImagineRead More →

Contributed By: Archer Gowland Redshaw on

For businesses aiming to achieve consistent growth year on year, management reporting plays an important role in capturing key metrics required for owners to run effective business operations. Designed to ensure decisions are made via informed insights, at its core, management reporting provides a guide to allow business leaders to forecast the direction of certain strategies, highlight the internal and external risks attached to growth models, and gain greater clarification to regulate planning. From a financial perspective, management reports include analysis of Profit & Loss Statement (i.e. profitability), Balance Sheet, Cashflow, Debtor/Creditor management, Key Performance Indicators (operational and employees), business benchmarks, and other commentary (highlightingRead More →

No matter which side of the political fence you sit on, Labor’s proposed changes to super that are set to apply from 2025/26 will definitely have a profound effect should the government win re-election in 2025. Like most government policy around super it is complex and hard to dissect. As always in these matters, ResortBrokers strongly recommends you seek professional advice from a qualified financial adviser. We did, though, want to share a few thoughts about what we understand the effects of these proposed super changes will be for you. We know a great many of you will be affected, either as landlords who holdRead More →

As some of you may know I am a late arrival to the pastime of snow sports. It’s not that I haven’t always had an interest in skiing, mountains and snow. It’s just that when you are married with two kids, trying to pay off a mortgage and living pretty much week to week the prospect of mixing it with the snow resort jet set seems one hell of a stretch. Of course, travel brochures are free so who says you can’t dream? Anyway, in my advancing years and with the kids off our hands (are they ever really thus?) the managing director and I,Read More →

Contributed By: Mike Phipps Finance on

We have talked in the past about our view that we are moving into a tighter credit environment in which bank lending guidelines will become stricter. We also talked about challenges existing borrowers are having with annual business loan reviews and extended interest only periods. I am less than delighted to announce that for once our predications have come to fruition. Daily feedback from borrowers suggests that times are indeed becoming challenging both for new borrowers and for existing operators. To be frank some of the concerns raised with us are of the borrower’s own making and reflect a lack of understanding of the termsRead More →

Contributed By: Mike Phipps Finance on

I guess I should start this month’s massive with a welcome to 2023. Doesn’t seem that long ago that we were stressing about the Y2K bug and now here we are, 23 years later. For those of you too young to remember, the bug was essentially a “the sky is falling” event predicated on an expectation that computers worldwide would be unable to cope with the year 2000 due to recognition software that only identified the last 2 numbers in a year. The fear was that 2000 and 1900 would be indistinguishable to computer systems and all hell would break loose. The global spend toRead More →

Contributed By: Mike Phipps Finance on

“Here is wisdom. Let him who has understanding calculate the number of the beast, for the number is that of a man; and his number is 666.” Revelation 13:18 From the best-selling book of all time. “Woe to you, oh earth and sea, for the devil sends the beast with wrathBecause he knows the time is shortLet him who hath understanding reckon the number of the beastFor it is a human number, its number is six hundred and sixty-six” The Number of the Beast -, Iron Maiden 1982. From the best-selling album of the same name. The opportunity to quote Iron Maiden and the BookRead More →

Contributed By: Mike Phipps Finance on

I’m the first to admit I don’t “get” crypto currency or the trading that seems to underpin the price. What I do get is that a company called Berkshire Hathaway and a bloke on it’s board called Warren Buffet have been making mostly sound investment calls for a while now. Mr Buffet has variously called bitcoin “rat poison squared” and stated that he wouldn’t buy all the bitcoin in the world for $25. So far as I can tell crypto / bitcoin / whatever is underpinned by a singular value proposition. It’s a proposition as old as time itself……..speculate and hope there’s a bigger mugRead More →

Contributed By: Alex Wilson - Archer Gowland Redshaw on

For all businesses, regardless of size, maintaining confident and accurate financial information is essential in building a successful venture. Therefore, ensuring you have the appropriate bookkeeping functions and systems is critical moving forward. In mid-2021, the Bank of Queensland (BOQ) highlighted the top ten reasons small businesses fail within a five-year period in Queensland. One of the core reasons pertained to financial mismanagement, with BOQ commenting a lack of understanding in managing cash-flow and urgency in maintaining financial responsibilities as some of the biggest factors. Often, owners get caught in the traps of day-to-day operations – ignoring the time to maintain and review financial records.Read More →

Contributed By: Mike Phipps Finance on

Travel anxiety is the fear of visiting an unfamiliar place. It can also involve the stress that comes with planning your travels. Even if you have no history of anxiety, the idea of being outside familiar territory can throw you into panic mode. There’s a lot of life affirming stuff on social media these days. There’s also a stack of people leading us to believe they are leading fruitful and happy lives with not a care in the world. I contend that much of this has the potential to give us a warped view of the world and some unrealistic expectations. In fact, I thinkRead More →

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