Accounting Professionals Blog

From November 2021 new rules apply to everyone who is a Director of a Company in Australia. New Directors appointed from now, up until 5 April 2022, need to have a DIN within 28 days of becoming a director. Existing Directors have until November 2022 to...

The official opening of the Shellcove Marina this week left Accounting Professionals Business Services Director, Garry Pinch, with mixed emotions. A long term resident and business owner in the region, Garry has many fond memories of the pristine area but was also...

Businesses reopening after lockdowns are experiencing an incredible challenge in setting prices. Now is a critical time to revisit the pricing strategy in every business. All businesses are witnessing significant changes in their market as the economy opens. Some...

Your accounting file is now a critical tool in your business. It is where you prepare invoices, record bills to pay, keep a record of your stock and pay employees wages and superannuation. You can also monitor the performance of your business, prepare your Business...

Garry Pinch is the founder and business services director at Accounting Professionals. He says despite the global pandemic many businesses have generally remained strong. “There is high demand in certain industries where goods and services are in demand due to lock...

The disruption from COVID–19 has resulted in many employees eyeing off a future as a small business owner. Certainly, independence and being in control of your own destiny are appealing to those from the corporate world. The world of small business is a specialised...

Without a doubt 2021 will be the most important year in business in our lives. That may sound dramatic; however, it is now almost six months since the coronavirus pandemic took hold in Australia so there is no better time to reinvent your business.  Accounting...

While Covid-19 lockdown restrictions have eased, allowing many small businesses to re-open, Accounting Professional Director of Business Services Garry Pinch believes innovative thinking by small business operators and further government assistance will be necessary...

The COVID-19 pandemic has seen businesses in all industries face an unprecedented situation and be called upon to survive and adapt as they tackle new challenges. We’ve been dedicated to regularly updating our clients to ensure...

As a business owner during the Coronavirus pandemic (Covid-19), you need to face the possibility of team members being absent from your workplace, product supply issues and demand for your services and products reducing over the short term. There are three urgent...

Trainee accountant Eden Close certainly hasn’t followed the traditional path to a career in accounting and finance.  The 24-year-old from Bega on the NSW far South Coast veered off the well-travelled path from school to university before settling in at...

In response to the recommendations of the Banking and Financial services Royal Commission and the ASIC Enforcement Review Taskforce Report, the government has proposed new enforcement and supervision powers for ASIC to restore consumer confidence in the financial...

As bushfires continue to rage across the country, bushfire support for devastated communities are coming from all sides and the ATO is no exception. It has announced automatic deferrals for lodgement and payments for taxpayers in impacted postcodes in the states of...

By Garry PinchBusiness Services Director, Accounting Professionals As a mentor to Start-ups and Scale-ups I regularly assist with strategies and campaigns to raise start up capital. Unfortunately, in my experience, 90% of businesses don’t allow enough time to raise...

Made a tax loss? Are you getting the benefit of your business tax losses? When you’re starting a new business venture, it may take some time before the business becomes profitable. And there may be other situations where an established business operates at a loss in a...

Health insurance and your tax: uncovered. If you don’t hold private hospital cover – or are thinking about dropping it – make sure you understand the financial consequences. You could be hit with an extra tax surcharge of up to 1.5% or cost yourself extra premiums in...