Sky Accountants

In the past there was no set way in presenting the annual financial statements but changes were desperately needed.

Small business and startup owners are often unsure whether they need a CFO or not. After all, how can a CFO add value to a young company? There is a perception that CFOs are expensive and are for billion-dollar corporations only.

Your company may choose from many different sources to finance its working capital. If you are a new business, you would probably generate working capital through lending money to your company or buying more shares in it.

Many small businesses are not yet aware of the good news coming their way.

State governments are starting to reduce their payroll tax one by one and the WA Chamber of Commerce and Industry is urging the McGowan Government to do the same, saying local businesses need the reduction so they can employ extra staff.

As with anything else in this world, expectations from the hospitality industry grows bigger and bigger by the day. Hotel, bar, restaurant, café, pub and gaming venue operators are expected to provide efficient and courteous service at all times.

Australians love to eat out. According to the Australian Bureau of Statistics in 2018, an Australian household spends an average of $95.05 each week on restaurant and takeaway meals – an amount that's about triple their electricity bills or secondary...

Sky Accountants have reviewed and analysed numerous businesses and have seen patterns emerging.

Australians are known to spend large amounts of money at gambling tables and the government has taken steps to restrict live casino operators in the hopes of curbing gambling expansion and controlling gambling addiction.

Clubs are similar to businesses in many ways and they should also adopt best practices in terms of finances. It's important to ensure the organisation's viability as it directly affects its future, staff and volunteers.