Tag: Audit

The task of process auditing can deliver benefits across an organisation, improving productivity, lowering operational costs and more…

In decades gone by, businesses sometimes set the trends for society. Fast forward to today where things move so fast that businesses are having to catch up with society. Even though most CEOs would not want to admit it, their organisations probably still look and operate far too much like a system designed for Henry Ford’s […]

The cloud is rapidly becoming a primary IT infrastructure for growing numbers of organisations. Attracted by the promise of improved flexibility and reduced costs, many businesses are shifting core systems and processes to cloud-based platforms. It’s not enough to simply trust that a cloud provider will keep your company’s data secure. It’s important to thoroughly […]

“Embrace your tax audit” are the last words you’d expect to drop from the lips of a financial advisor, but that’s exactly what the head bean-counter from First Class Accounts is asking us to do. Clive Barrett, Executive Chairman of First Class Accounts, said the very idea of a tax audit struck fear into the […]

250 businesses in Melbourne’s Dandenong region will be audited by the Fair Work Ombudsman as part of a new campaign to check that employers are paying the correct minimum hourly rates, penalty rates, allowances, loadings and providing appropriate meal breaks. Fair Work Ombudsman Natalie James says the Dandenong region is home to thousands of businesses […]

Fire can have disastrous consequences and businesses can spend years trying to recover – yet many business owners and managers fail to conduct an annual hazard audit.

With the end of financial year just around the corner, it’s a great time to consider the results for this year and what you want to achieve next year.

As the end of financial year approaches, the Australian Taxation Office (ATO) is expected to data-match over 640 million transactions to tax returns this year.

Not paying ATO debts is a dangerous game. The reason being, the ATO have powers far greater than other business creditors.

The common question we’re asked by many clients is, “how much of client Christmas entertainment can I claim as an income tax deduction?”