Anne Hunter Archives - The Accountants

Thinking of buying a business?

18 April 2024 No Comments

This article, written from an accountant’s perspective, provides an in-depth guide for individuals considering buying a business. It covers evaluating the business’s financial health, conducting due diligence, understanding the market, reviewing the business model, planning for transition, financial planning, and the importance of seeking professional advice. These considerations are crucial for making an informed decision and ensuring a successful business acquisition.

Steps in switching accountants

17 April 2024 No Comments

This marketing article, written from an accountant’s perspective, provides a guide for businesses in Australia on the steps to change accountants and the reasons why it might be beneficial. It emphasizes finding an accountant that aligns with the business’s evolving needs, offers specialised expertise, and utilises modern solutions for financial growth and efficiency.

Your first business plan

3 April 2024 No Comments

This article provides a structured guide for new business owners in Australia on writing their first business plan. It covers the executive summary, market analysis, business model, marketing and sales strategy, operational plan, management team, financial projections, funding, risk analysis, and the importance of an appendix. The focus is on creating a detailed, realistic, and adaptable business plan as a foundation for business success.

What Buy Now Pay Later does to your cash flow?

27 March 2024 No Comments

This article explores the benefits and risks of incorporating Buy Now, Pay Later services into business operations in Australia. It covers aspects such as increased sales, improved cash flow, fees, customer credit risk, regulatory considerations, and the importance of professional advice. The aim is to provide business owners with a balanced understanding to make informed decisions about utilising BNPL services.

What is a company and how it works?

25 March 2024 No Comments

This article provides a comprehensive overview of using a company structure for your business. It covers what a company structure entails, setup procedures, tax implications, director responsibilities, financial management, benefits, considerations, and the importance of seeking professional advice. The article aims to guide business owners in making informed decisions about structuring their businesses for optimal operation and compliance.

Basics of Buying a Business

19 March 2024 No Comments

This article provides a comprehensive guide for new business owners on buying a business. It covers assessing goals, financial assessment, due diligence, business valuation, legal considerations, negotiating the sale, financing, transition planning, and the importance of professional advice. Thorough preparation and informed decision-making are emphasized as crucial for a successful business acquisition.

Who owns your business?

13 March 2024 No Comments

This article provides insights for Australian business owners on business structures and ownership. It covers the implications of different structures, choosing the right structure, changing structures, ownership documentation, and the importance of seeking professional advice. Understanding these aspects is crucial for legal compliance, financial planning, and effective business management.

Analysing a new customer

12 March 2024 No Comments

This article provides guidance for business owners in Australia on analyzing new business clients for credit provision. It covers the importance of client analysis, credit checks, financial statement analysis, business track record assessment, setting credit terms, documentation, ongoing monitoring, and the importance of seeking professional advice. Effective client analysis is emphasized as crucial for risk management and establishing profitable business relationships.

Importance of paying super on time

6 March 2024 No Comments

This article provides a comprehensive guide for business owners on the importance of timely superannuation payments. It covers legal compliance, impact on employee retirement savings, maintaining employee trust, avoiding penalties, cash flow management, and the benefits of seeking professional assistance. Timely super payments are emphasized as crucial for legal, financial, and ethical reasons in business operations.

Want to know about Xero

20 February 2024 No Comments

Xero’s comprehensive, user-friendly, and flexible features make it a popular choice for businesses looking to streamline their accounting processes. Whether you are a small startup or a growing medium-sized business, Xero offers a range of tools and functionalities to meet diverse accounting needs, all while ensuring compliance with Australian accounting standards and tax laws. For those looking to modernise their accounting practices, Xero presents an efficient and scalable solution.