Internal fraud poses a significant and insidious threat to the financial health, reputation, and operational integrity of businesses across sectors.
If you’ve ever seen a business owner or CEO make a decision that makes no logical sense, you could have been witnessing cognitive bias at work.
The start of the new financial year is the ideal time to organise your business tax return for the year just ended. Your deductible expenses are still front of mind, and you still have plenty of time to comply with lodgement deadlines and avoid penalties.
The terms ‘debt refinancing’ and ‘debt restructuring’ are often used interchangeably, but they are quite different in purpose, advantages and risks.
The RBA hiked rates by a quarter percentage point at its June meeting, taking the cash rate to 4.1%. Concerns about inflation staying too high for too long was the key factor driving the rate rise. The higher-than-expected April CPI data was probably the most single important single piece of data.
Even though you may not have a huge advertising budget at your disposal, your business can still make a big impact. Try some of these creative and relatively low cost alternatives.
Supply chain visibility gives small business owners the ability to track and monitor essential operations.
Real-time insights into inventory management, customer service and performance, and logistics issues provide crucial data that can help drive decision-making.
By utilising the right technology small business owners can improve long term strategy around supply chain issues and help prevent problems before they start.
Small and medium-sized businesses make up the bulk of all Australian enterprise. But, while most operate in a similar way to big corporates, small business owners have unique concerns when developing a strategy for success.
The main forecasts are pretty much as expected and close to those released by the RBA in its May Monetary Policy Statement. Economic growth is expected to slow this financial year before picking up the following financial year as households’ real disposable income (disposable income after allowing for inflation) growth improves. The weaker economy will see a modest rise in the unemployment rate that will hit 4.25% by mid-next year and peak around the end of next year.
If you think a brand identity is only for the likes of giant fast food, retail, telecommunications or banking companies with massive advertising budgets, it’s time to think again. Brand identity matters just as much for small and medium sized enterprises.
For personalised service, the very best financial products and exceptional customer service where you really matter, look no further than the professional team at Mainland Finance
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