‘Advice’ Category:

As accountants we are often asked “how can I have made a profit when I don’t have that much money in my bank account?” Profit does not equal cash.  Profit is sales less expenses.  But there are other amounts that…

The Reserve Bank of Australia (RBA) has lifted the cash rate by 0.50 percentage points. It means the cash rate target is now 1.35 per cent, up from 0.85 per cent last month. This follows interest rate increases in both…

There has been an increase in cybercriminals impersonating businesses and suppliers, accessing emails, intercepting invoices, changing bank account details and robbing the invoice amounts from the customer leaving the invoice unpaid with the supplier or business. How to avoid paying…

If you think your company might be in financial difficulty, it's important to get professional accounting and legal advice as soon as possible. How can I tell if my company's in financial difficulty? Some signs that your company is having…

When working in Excel, there are so many keyboard shortcuts that can make our jobs easier and much quicker. We have compiled a small list below of the CTRL shortcuts that we use every day, and thought that you might…

Fun is one of our core values here at Avance. Here is a mid-week joke to get you to the weekend. Enjoy! Three brothers aged 92, 94 and 96 live together. One night the 96 year old draws a bath,…

It is important to have an up-to-date Will in place to reflect your wishes upon passing, not only to ensure that loved ones are appropriately provided for, but to help avoid any disputes arising after you are gone. You can…

Depends, with assets of shares/land/buildings and debt it may advantage you, if on fixed income or hold cash it may reduce your living standards and cash reserves. Inflation is the decline in purchasing power, you get less for your dollar,…

When you're starting a new business, it's important to find out what registrations apply to your business to ensure you're complying with all relevant regulations.  You may need to register your business for a number of tax obligations. The most…

Last November, the AWU secured an historic industrial win for fruit pickers by successfully arguing the Horticulture Award should be altered to ensure every worker is entitled to take home the minimum casual rate of pay, currently $25.41. Changes to…