Real-Time Inventory Accounting Support -Dear/Unleashed/Cin7 Inventory+ Xero Acounting System

Real-Time Inventory Accounting Suppport with Cloud Inventory Software We regularly see the same issues with businesses when it comes to inventory management. Many of the businesses we work with have inadequate inventory management systems and expertise, and a lack of business planning and support around budgets and cash flow forecasts. Lack of clarity around the numbers prevents the business owner or management team from ensuring the right business decisions are…  Read more

Business Update – 4 August 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia’s Path to Reopening International Borders Prime Minister Scott Morrison announced a four-stage plan which will determine when COVID-19 restrictions can be eased. In a nutshell, 80% of Australian adults will have to be vaccinated before international borders can open. So far, about 15.7% of adults have been fully…  Read more

How to Build an Effective Financial Plan for Your Business

Every business needs a financial plan. Your financial plan gives you a way to monitor and review your cash flow, make adjustments to your spending, and anticipate any upcoming financial issues. It can also make you more prepared to request funding or find investors so you can bring more money into your business. Although many business owners are aware that financial planning is important, it is often overlooked. Without a…  Read more

Upcoming Key Dates

Upcoming Key Dates Upcoming key lodgment and payment dates for businesses: 21 June Lodge and pay May 2021 monthly business activity statement. 25 June Lodge and pay 2021 Fringe Benefits Tax annual return if you have a tax agent that lodges your return electronically. 30 June Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2020–21 financial year. Contact us if you…  Read more

Upcoming key lodgment and payment dates for businesses

Upcoming Key Dates Upcoming key lodgment and payment dates for businesses: 21 June Lodge and pay May 2021 monthly business activity statement. 25 June Lodge and pay 2021 Fringe Benefits Tax annual return if you have a tax agent that lodges your return electronically. 30 June Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2020–21 financial year. Contact us if you…  Read more

EOFY tips for small businesses

EOFY tips for small businesses Get your accounts in order in a cloud accounting system. Get in touch with us so we can recommend the right software for your business. Get in touch with your accounting advisor now to see if you can take advantage of tax minimisation schemes like the loss carry back tax offset scheme. If cashflow permits, you may consider bringing forward some expenses or purchasing capital…  Read more

EOFY is Fast Approaching

EOFY is Fast Approaching The end of the financial year is not just about tying up an interesting and challenging year, it’s also a chance to prepare for a successful year ahead! Below are some things you may want to consider. Temporary Full Expensing or Instant Asset Write-Off Small businesses with an aggregated turnover of less than $50 million can receive a full write-off for all assets. Both new and…  Read more

EOFY is Fast Approaching

EOFY is Fast Approaching Eofy The end of the financial year is not just about tying up an interesting and challenging year, it’s also a chance to prepare for a successful year ahead! Below are some things you may want to consider. Temporary Full Expensing or Instant Asset Write-Off Small businesses with an aggregated turnover of less than $50 million can receive a full write-off for all assets. Both new…  Read more

Important Change for Employers: Superannuation Guarantee increasing to 10% on 1 July 2021

A Quick Overview The Superannuation Guarantee (SG) is scheduled to increase to 10% from 1 July 2021. If you have employees, you need to be ready for this legislated increase. What is Superannuation Guarantee? The Superannuation Guarantee is the minimum super an employer must pay to their employees super fund. The current SG percentage rate is 9.5% of employees Ordinary Time Earnings, but this is changing. Ordinary Time Earnings or…  Read more

A Beginner’s Guide to Cash Flow Forecasting

Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. In a nutshell, cash flow forecasting involves estimating how much cash will be coming in and out of your business within a certain period and gives you a clearer picture of your business’ financial health…  Read more

COVID-19 Business Update – 10 February 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Active COVID-19 Cases at Near 2-Month Low Australia only has 46 active cases of COVID-19, the lowest number in nearly two months. However, authorities warned against complacency. New South Wales, which has now gone 23 days without detecting any local cases of COVID-19, also warned of a drop-off in…  Read more

COVID-19 Business Update – 27 January 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia Set for 10th Day of No Local COVID-19 Cases Australia is on track for its 10th consecutive day of no new local COVID-19 cases, with NSW hoping to ease restrictions this week after controlling a fast-spreading cluster. Meanwhile Victoria, which is hosting the Australian Open tennis tournament, has…  Read more

COVID-19 Business Update – 20 January 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australian Consumer Confidence Clouded by COVID-19 in January Survey The Westpac-Melbourne Institute index of consumer sentiment released today fell 4.5% in January, from December, when it rose 4.1%. This is due to new outbreaks of COVID-19 in Sydney and Brisbane, though the spread has now been contained with relatively…  Read more

COVID-19 Business Update – 16 December 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s updates and some ideas that will help us all overcome this crisis. State-by-State Guide to COVID-19 Restrictions Ahead of Holidays As Australia plans to reopen in time for Christmas and the New Year, authorities are reminding people to follow the COVID-19 restrictions that remain in place. Over the…  Read more

COVID-19 Business Update – 9 December 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s updates and some ideas that will help us all overcome this crisis. Australia Bounces Out of Recession As Economy Grows 3.3% Australia’s economy grew by 3.3% in the third quarter as it rebounded from its first recession in nearly 30 years. This rebound in Q3 GDP reversed around…  Read more

Contemporary Inventory Control Challenges

From IPR Accounting years of professional practices, we understand that inventory control is absolutely critical to run an efficient businesses. Thus, we will share some inventory management problems, and advise how to avoid such issues in the article. We also believe by solving inventory issues, it improves efficiency and fosters exponential growth for business, and Cloud based management software is the key.   Currently, IPR Accounting is partnered with Unleashed…  Read more

COVID-19 Business Update – 2 December 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s updates and some ideas that will help us all overcome this crisis. South Australia Now Open to Victoria Since 12.01am on Tuesday, the border with Victoria has been reopened, allowing travel between the two states. Victorians entering South Australia are still required to fill in an online permit…  Read more

Cloud Based Inventory Management – Unleased

What is unleashed? Unleashed software is a cloud based app that makes, manages and moves products by enabling them to achieve complete clarity and control over suppliers, production, warehouses and sales. For manufacturers, wholesalers and distributors that need efficient processes, Unleashed is an easy-to-use online inventory solution. Understand essential inventory health to make the right decision to scale your business with confidence. Real-time inventory control and reporting Enjoy real-time stock…  Read more

COVID-19 Business Update – 18 November 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s updates and some ideas that will help us all overcome this crisis. 6-Day Lockdown Ordered in South Australia The state of South Australia will begin a 6-day lockdown at midnight on Wednesday, with schools, universities, bars and cafes closed. Only one person from each household will be allowed…  Read more

COVID-19 Business Update – 11 November 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s updates and some ideas that will help us all overcome this crisis. No locally acquired cases for the first time since Feb! Great news this week for Victoria who recorded 12 days with no new COVID-19 cases, and the rest of the country as Australia recorded its third…  Read more

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