AFS NEWS | Your partners in success

not for profit financials

Profit is not a dirty word – NFP Principles

“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 […]

Finding safe harbour when business is rough

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.

small business advice Bendigo

Five signs of a well run small business

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.

Ignoring a garnishee notice may prove a costly mistake

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).

Client update | October 2019

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.

Positives and negatives of gearing

Negatively gearing an investment property is viewed by many Australians as a tax effective way to get ahead.