Businesses come in many shapes and forms. That’s why, it’s hard at times to generalise a best practice that all businesses should follow. That said, a question we tend to hear often relates to sole traders and their finances and business structure. So, today we are looking at the question, does a sole trader need…
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Choosing an accountant is not an easy task. After all, when working with an accountant you are placing a lot of trust and at times sensitive information in another person’s hands. In a previous blog we looked a number of tips to help businesses choose an accountant. Since then, we noticed that a question we…
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As an accounting firm specialising in helping businesses with their processes and systems, we often get asked what apps are worth having to make a business more efficient and successful. Today we are looking at apps we highly recommend implementing in businesses. Xero You may or may not be familiar with Xero – an accounting…
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COVID-19 did not only force businesses to adapt and adjust to a new way of working but for many it meant reinventing a direction, purpose, and long-term plans. Today we are looking at how COVID-19 has changed businesses as we know it and what should businesses be focusing on to improve their results. Home vs…
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We often get asked what makes our accounting business different than others. So, today we wanted to take a moment to introduce ourselves and talk about how your business would benefit from working with Eventum Consulting and our accountants in Victoria Park. Accounting and technology Using the right technology in your business can have…
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It is no doubt that when it comes to running a business, cash flow can have a huge impact on the day-to-day operation and future of any company. In fact, we often have business owners come to us regarding the topic, looking for ways that will allow them to better set-up and run their business.…
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Every year around tax time, we come across mistakes businesses make that end up costing them both time and money. So, today we are looking at three financial mistakes businesses should avoid and we hope this helps you and your business throughout the year and most importantly, when it’s time to file your taxes. Keeping…
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We often have clients ask us regarding custody trusts, the dos, don’ts and best best practices. Today we are looking at what custody trusts are, how they should be managed and what are the important details to consider. Firstly, what is a Custody Trust? In 2007, treasurer at the time, Wayne Swan Amended the Superannuation…
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Every business owner at some stage asks themselves if they need an accountant or when would be the right time to speak to or hire one. As every business is different, there’s not one answer that is right for all businesses so today we are looking at when do businesses need an accountant. What is…
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A common question we often get asked by our client’s is what actions can one take so they are able to retire with more money. We love answering this question as the result allows our clients to take action today and be rewarded in the future. Superannuation and Investment While we know that we can’t…
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