The Impact of Vape Bans on Business Owners in Australia

The Impact of Vape Bans on Business Owners in Australia

Effective 1 July 2024, the sale, supply, manufacture, importation, and commercial possession of non-therapeutic vapes in Australia is prohibited under the Therapeutic Goods and Other Legislation Amendment (Vaping Reforms) Bill 2024. Following a Senate meeting on 24 June, the Federal Senate voted in favour of this Bill, making the sale of all vaping products illegal […]

Unravelling the Personal Property Securities Register (PPSR)

Unravelling the Personal Property Securities Register (PPSR)

This is Part 1 of a 2-part series. When safeguarding security interests in personal property, the reality is that relying solely on a written agreement may not suffice. Registering on the Personal Property Securities Register (PPSR) ensures the necessary protection and transparency, minimising the risk of financial loss if the business you’re dealing with goes out […]

Top 8 Common Mistakes in Managing Employees During Insolvency

Top 8 Common Mistakes in Managing Employees During Insolvency

When a business encounters insolvency, it can be a daunting and stressful experience with numerous challenges and repercussions for all stakeholders, particularly its employees.  Insolvency can threaten job security and create significant uncertainty and stress among employees.  Business leaders need to understand the profound impact insolvency can have on their workforce and take thoughtful, strategic […]

The Benefits of an Advisory Board

The Benefit of Advisory Boards

Succeeding in business isn’t merely about having a groundbreaking idea; it’s about cultivating a support system to fuel your journey along the way.  Just as a car’s engine requires more than just power to operate smoothly, a business needs the collective wisdom and guidance of experienced professionals. This is where an Advisory Board becomes beneficial […]

Presumption of Insolvency – a warning for directors!

Presumption of Insolvency – a Warning for Directors!

In 2023, media reports highlighted a significant surge in formal insolvency appointments, marking a sharp contrast from the COVID-19 pandemic days of 2020 to 2022. Voluntary administrations witnessed a notable 42% increase, while receiver and manager appointments skyrocketed by 56% compared to the preceding year. There were 10,366 corporate insolvencies in FY22/23, the highest level […]

Change Management: A Vital Strategy for Business Sustainability and Growth

Change Management for Business for Growth

In today’s dynamic business environment, change is both constant and inevitable. Organisations must adapt to survive and thrive, whether prompted by market shifts, technological advancements or internal restructuring. Effective change management is not only crucial for optimising business processes but also for ensuring the well-being and productivity of employees. When implemented correctly, it can be […]

Mastering Cash Flow: 10 Essential Tips for Business Survival

Mastering Cash Flow: 10 Essential Tips for Business Survival

Cash flow is a frequently used term that plays a significant role in business success.  It serves as the lifeblood that ensures operational efficiency.  For business owners, understanding the drivers of cash flow and implementing effective management strategies are critical for ensuring the survival of any business.    In essence, cash flow management revolves around […]

Unlocking Insights: The Power of Data Visualisations

Unlocking Insights: The Power of Data Visualisations

When discussing “data visualisations,” we’re referring to the graphical representation of data and information. If executed effectively, good visualisation techniques successfully remove the noise, making pertinent information more prominent.    These visualisations play an important role in facilitating understanding, analysis and communication of insights. They transform raw data into visual formats, such as charts, graphs, […]

Data analytics: Empowering forensic accounting

Data analytics: Empowering forensic accounting

Forensic accounting revolves around combating the persistent and evolving threat of financial fraud within today’s complex business world.  Leveraging the benefits of today’s technology, the integration of data analytics with traditional investigative techniques has become a game-changer. It empowers professionals to efficiently delve deeper into complex financial transactions to uncover fraudulent activities that may otherwise […]

Ensuring Financial Security: Segregation of Duties in Companies

Ensuring Financial Security: Segregation of Duties in Companies

In the complex world of corporate finance, where money flows in and out and financial transactions are initiated, recorded, and reported, segregation of duties is a cornerstone of financial integrity and security. This principle may not always be in the spotlight, but its significance cannot be overstated. It ensures that no person has complete control […]