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PKF Australia

Accountants and Business Advisers

Our Blogs

24 02 2021

General practitioners v specialist accountants

For some time now sellers have been able to effectively ‘wing it’ and get a decent result however going forward this will not likely be the case as the supply and demand equation begins to change. Even though this is known, less than 25% of Australian business owners have a succession plan and unless a different approach is adopted, business owners will likely get a much lower sale price than what they need for their next chapter or worst still, they may not have a buyer at all.

17 02 2021

Business Analytics – Hype or Hero?

Social science has demonstrated that knowledge is currently doubling almost every day! And yet most businesses are already overwhelmed, confused and thoroughly daunted by the amount of ‘knowledge’ or data and information they currently hold or could hold. Instead of being locked away in different systems, in different parts of the business offering only limited, if any practical use, PKF Digital collects and displays all the relevant data to the executive team through a series of comprehensive dashboards. Applying complex analytics allows the business to improve margins and purchasing efficiency and create a stronger sales and revenue mix. We have also found that the level of precision offered by PKF Digital is allowing businesses to differentiate themselves in the industry, attract better employees and renegotiate better arrangements with suppliers due to the data evidence and predictive modelling.

10 02 2021

Is your business deal ready?

With a large pools of public and private capital looking for investments as well as cashed up companies looking for strategic acquisition it is an opportune time to consider a capital raising, divestment or acquisition. Before you consider undertaking a financial deal of some form it is important to ensure that your business is Deal Ready.

03 02 2021

Is your business health affecting your mental health?

A recent study commissioned by the Department of Industry Science Energy and Resources (DISER) found that nearly one in three small to medium enterprise (SME) owners experienced mental health issues over the past 12-months.

20 01 2021

Tax planning opportunities for trustees and their accountants

There has been a raft of new changes and legislation for SMSFs in recent years but there are some small but important tweaks which trustees and their accountants need to be aware of for tax planning opportunities.

13 01 2021

Seven leadership qualities that will make you a more effective leader

All leaders are different, and there are many characteristics that make up a great leader. Working out your own style and what type of leader you would like to be can help take your skills to the next level. Many people believe that if they are not displaying what are perceived as the ‘stereotypical’ leadership traits, such as being outspoken, they will never possess excellent leadership qualities. This could not be further from the truth.

05 01 2021

Take 5 with Senray Loy

Senray Loy is the PKF Sydney & Newcastle Employee of the Year for FY19/20. Ever the professional, Senray is known in the Business Recovery and Insolvency Team as a cool head no matter the situation. His team look up to him and learn from his calm attitude and high quality work. This has led to him being seen as a rising star within the team and with clients and referrers who are confident in appointing Senray directly with high profile engagements.

28 12 2020

Five areas of focus for Clubs in 2021

This has been a tumultuous year for Registered Clubs, with numerous challenges and risks arising from the pandemic along with ongoing uncertainties. Social distancing and health guidelines throughout 2020 have changed many services to members, as well as the flow of people through venues. This has had a dramatic effect on gaming performance and F&B offerings.

14 12 2020

Surcharge Land Tax on residential land owned by discretionary trusts

Discretionary Trusts that own residential land in NSW and which do not specifically exclude foreign persons (as defined) as beneficiaries, will be subject to surcharge Land Tax. Such trusts have until 31 December 2020 to amend their Trust Deed.

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