1. Articles in category: Bottom Line Magazine

    1-15 of 15
    1. What Your Practice Must Consider in Planning for 2020

      What Your Practice Must Consider in Planning for 2020

      We couldn't just let this fascinating piece pass us by without sharing it with you first. It's called How to plan for practice success in 2020 and it's got some really important points that it wants to get across.

      Here is a thought-provoking one:

      Do you know which of your clients are driving the most profit to your practice?

      Chances are there are a few high performers, but there’ll be at least as many dragging you down.

      So start building a personal naughty list populated with the names of clients that are hindering your success, either ...

      Read Full Article
    2. Tax Season Has Come Again. Here's What You Need to Know to Get the Ball Rolling

      Tax Season Has Come Again. Here's What You Need to Know to Get the Ball Rolling

      Tax season has come upon us again and this eye-opening article from Smart Company is just the type of article that becomes a must-read at this time of the year. It's called Six things to do now to make tax time 2020 a little less taxing.

      It shares some really thought-provoking points. This one is perhaps the most interesting of them:

      Greig also advises business owners to remember that if they’ve made a donation to a bushfire cause in recent weeks, it won’t be tax-deductible unless the entity is a registered charitable organisation.

      Social media and crowdfunding ...

      Read Full Article
    3. Freelance Workers Can Help You Scale Your Business

      Freelance Workers Can Help You Scale Your Business

      In this fascinating piece from Smallbiz-Resources, we learn a thing or two about the benefits of hiring freelancers. It's called 5 Benefits of Using Freelancers to Grow Your Business.

      Here's one benefit that we just can't help but echo:

      The costs of hiring a new employee can be prohibitive in some cases. From recruiting to interviewing to onboarding, you have a lot of expenses before the person ever lays foot in your office.

      Once he or she is on staff, you are then faced with expenses such as: salary, benefits, equipment, office space, and much more.

      When ...

      Read Full Article
    4. Most Commonly Committed Accounting Mistakes

      Most Commonly Committed Accounting Mistakes

      Did you happen to catch wind of this new write-up at the business consultancy website BPlans? It's called The 8 Most Common Small Business Accounting Mistakes and we thought that it would make for a great early year reading for business owners?

      They share some really interesting mistakes here. This one's particularly thought-provoking:

      Do you handle all of your bookkeeping and accounting in-house? When you run an extremely small business with limited revenue, it can be tempting to lower costs by handling your accounting on your own.

      While taking care of your accounting yourself might seem like a ...

      Read Full Article
      Mentions: Home
    5. FinTech Isn't Affecting the Accounting Industry Yet But That's No Reason Not to Try to Adapt to the Changing Landscape

      FinTech Isn't Affecting the Accounting Industry Yet But That's No Reason Not to Try to Adapt to the Changing Landscape

      Stumbled upon this fascinating article from Adviser Voice Australia and we thought that it would be helpful. It's called The silent disruption of the accounting industry

      It shares some really interesting perspectives. Here's one that really provoked some deep thought:

      Financial Technology (FinTech) in Australia is booming. The average business growth in 2017-2018 was 125% and it is forecast the industry will add $1Billion of value to the Australian Economy in 2020. FinTech dropped to second place in 2018 on Start-up Musters most common start up industry in Australia, only behind Artificial Intelligence. FinTech is still being designed ...

      Read Full Article
    6. Nobody's Going Out to Shop Anymore. What's a Brick and Mortar Retailer To Do?

      Nobody's Going Out to Shop Anymore. What's a Brick and Mortar Retailer To Do?

      The online marketplace is in full swing and retail stores are failing because of it. What are stores to do? 

      Jenny Cermak, Guenièvre Lasalarié, Abe Levavi, and Joseph Tesvic Open share their views in this fascinating piece on McKinsey & Company. It's called Retail ghost town and they make some interesting perspectives such as this one:

      Over the next 5 years, we expect the need for selling space to decline by more than 10 percent in the mid-case for some categories. Of course, these estimates are sensitive to assumptions, meaning retailers need an eagle eye on how online penetration ...

      Read Full Article
    7. Turning Raw Data into Stories Your Bosses Won't Fall Asleep Listening To

      Turning Raw Data into Stories Your Bosses Won't Fall Asleep Listening To

      Explaining to your bosses about the necessity of certain expenses can be as frustrating as teaching Facebook etiquette to your granny. This piece from Smart Company shares how this unpleasant experience can be warded off.

      In it, Priscilla Pho lets us know about the groundbreaking efforts of Avertro. Here's a short excerpt of what the application is all about:

      The idea is technical experts would input raw data, and the dashboard then translates it in real-time into a visual presentation more compatible with the manager’s expertise

      Give the rest of this interesting piece a read to learn more...

      Read Full Article
    8. Small Business Insurance Shakeups are Imminent

      Small Business Insurance Shakeups are Imminent

      Finding the right insurance provider can be a huge boon to your business. It is, however, not easy to find the perfect one for you. 

      This piece from McKinsey & Company makes some interesting points on insurance companies and offers. This one, in particular, absolutely deserves a share: 

      Currently, the SME insurance market accounts for an estimated AU $9.4 billion in general insurance premiums. However, a recent report by the Insurance Council of Australia found that some 13 percent of these companies are not insured, and 1.9 percent report being underinsured. Reasons reported for lack of insurance or underinsurance ...

      Read Full Article
    9. Has the Australian Accounting Standards Become Out of Touch?

      Has the Australian Accounting Standards Become Out of Touch?

      This Australian Financial Review shares this interesting report. It's a fascinating piece titled Accounting standards now 'outrageously complex'.

      In the article, Liberal MP Jason Falinski says:

      Accounting standards have become outrageously complex. That’s detrimental to the proper functioning of corporate entities and to investors in the capital markets.

      Let's take a look at how we can improve it together, shall we?

      Read Full Article
    10. Retail is Going Back To Bricks and Mortar

      Retail is Going Back To Bricks and Mortar

      Here's a compelling article from the MYOB. It's called Consumers are Turning to Local, Bricks and Mortar Retail This Christmas.

      It's got some perceptive insights on retailHere’s one that’s particularly thought-provoking: 

      As farmers and regional communities continue to do it tough as a result of drought and bushfires, Australians are hoping a change in shopping habits might help.

      That’s because nearly two-thirds (64 percent) of Aussies say campaigns such as the drought relief effort mounted by local business encourages them to shop Australian.

      The same percentage have also said they intend on shopping ...

      Read Full Article
      Mentions: Locals
    11. The Best Business Accounting Apps to Download

      The Best Business Accounting Apps to Download

      Painstakingly writing down records in heavy ledger books is supposed to be a thing of the past, and yet some technology that we used for accounting and business today seems just as tedious. If you feel that your current system is not working for you, Style of Money blog shares some innovative apps that can make your accounting a breeze.

      Here's one talking point in the article that shouldn't be missed:

      Considering the chances of human error, even a minute’s error may give rise to major issues which might eventually lead to the downfall of a business ...

      Read Full Article
    12. How AI Can Benefit Accounting

      How AI Can Benefit Accounting

      I found this compelling article from the Artificial Intelligence B2B. It's called AI in Robotic Accounting and Auditing. 

      It makes some really interesting pointsHere’s one that’s particularly thought-provoking: 

      Corporate audits can be time-consuming, directing the attention of workers away from more productive pursuits as they work to demonstrate compliance to proper accounting practices. AI accounting software can be used to automate corporate accounting processes to reduce the demands of human labor in ensuring compliance to accounting and tax codes.

      Have a look at the complete article for more of the author’s observations.

      Read Full Article
    13. The Benefits of Having an Integrated Accounting System

      The Benefits of Having an Integrated Accounting System

      Discovered this interesting piece by Jayne Thompson and it really piqued our interest. It’s called What is an Integrated Accounting System?

      It shares some intriguing points. Here’s one of them:

      Depending on your system's modules, you can perform some fairly sophisticated accounting processes such as job costing or sales commission calculations automatically. This is tricky with standalone systems since basic bookkeeping software will not "talk" to your order management system or CRM system, so it does not know which costs, commissions or people are associated with which jobs or projects.

      If you want more, give the full ...

      Read Full Article
    14. Taking Advantage of Small Business Tax Deductions Can Result in Huge Savings

      Taking Advantage of Small Business Tax Deductions Can Result in Huge Savings

      Thought we'd share this fascinating article from Sarah Sugar. It’s titled The Ultimate List of Small Business Tax Deductions.

      It offers some stimulating perspectives. Here’s one that we thought was genuinely noteworthy:

      Small business owners spend time each quarter reviewing invoices and receipts as a first step toward filing their taxes. But this process typically results in spending money rather than saving it. Let’s flip this concept on its head for a moment. In reality, tax time can be a time when you save money if you take advantage of all the small business tax deductions ...

      Read Full Article
    15. Hiring Growth Consultants for Your Accountancy Firm

      Hiring Growth Consultants for Your Accountancy Firm

      Stumbled upon this convenient article from Michael Northcourt and thought that we would share it. It's titled 3 Ways Your Accounting Firm Can Benefit from a B2B Growth Consultant.

      It offers us some fascinating ideas. This one was particularly thought-provoking:

      As the task of accounting continues to grow more complex in nearly every aspect to the point where fundamental concepts are also challenges, several growth opportunities are overlooked. CPA firm owners continue to find themselves struggling with conflicts that pertain to public accounting and capitalizing on growth.

      Give the rest of this piece a read to learn about how ...

      Read Full Article
    1-15 of 15
  1. Categories

    1. Read Publishing:

      Amazon Experts Magazine, At Home Noosa, Bottom Line Magazine, Chrisco, Fortnite, Get Funded Magazine, Get Published Magazine, Happy Hormones, Healm Magazine, Health Wisdom Magazine, Importing For Profit, Intrapreneur Magazine, Jennifer Porter, Leads Magazine, Lisa Cox, Love Your Pets, Magazine Website (Read), Matt Buchel, Millionairess Magazine, Money Matters, Move On, Painters Domain, Plastic Free Planet Magazine, Property Portfolio, Resistance Magazine, Scalable, Soulful Business Magazine, Stand Out Marketing, Thyroid Health, Todays Electrician, Wise Girls Money, Your Career Magazine, Your Home and Garden, Youth In Business
    2. Millionairess Magazine:

      Happiness, Health, Love, Money, Personal Growth, Relationships, Vocation
  2. Popular Articles

  3. Homes in the News

    1. (1 articles) Home