“There is a perception among some NFPs that they should not set and achieve ambitious profit goals because this may be viewed poorly by stakeholders. However, aiming to achieve long-term financial sustainability should be a core goal of all organisations.” The Australian Institute of Company Directors (AICD) issued a refreshed Not-for-Profit Governance Principles earlier this […]
About AFS Bendigo
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Entries by AFS Bendigo
Australia’s economy is growing at a slower pace than many would like, with small businesses in some sectors doing it tough. Recognising the warning signs of potential insolvency is key to trading through difficult times.
Every small business owner wants their business to thrive, but it can be tough to keep the money coming in the door while staying on top of all the necessary paperwork.
A garnishee notice is one of the many tax debt collection strategies used by the Australian Taxation Office (ATO). A garnishee notice is issued to a third party who either holds money for you (e.g your bank) or owes you money (e.g your debtors).
It’s October, a turning point in the year when the days begin to get longer and many states switch to daylight savings. Time to spring clean your home, your finances or your business ahead of the summer rush.
Negatively gearing an investment property is viewed by many Australians as a tax effective way to get ahead.
Operating an agribusiness can be tough. From extreme weather conditions to commodity price variation, farmers face an array of challenges each season. Often these challenges cause financial strain and significantly impact bottom line.
The secret to a successful business is to make sure you are not just working IN your business but that you are also working ON your business. As we settle into the new financial year, there’s no better time to give your business a financial fitness check.
More and more Australian investors are choosing to renovate their investment properties before leasing them out. However, investors who live in the property while renovating risk missing out on thousands of dollars in property depreciation deductions.
Travelling for work can be expensive, whether it’s visiting customers in your home town or attending a conference overseas, so it’s important to claim everything you are entitled to in your tax return, keeping in mind that the Australian Taxation Office (ATO) is paying increasing attention to claims in this area.