If you're in business, you should be aware of the changing nature of accounting software.  Historically the most common business accounting software for small business was MYOB or Quicken.  However the past few years has seen a seismic shift to Cloud accounting.

Enter Xero.

You've grown your business gradually, and now your mind turns to collecting your reward from your investment of capital, know-how and years of effort.

Achieving the most money for your business requires the same diligence it took to grow it.

So how can you ensure you receive a return for your efforts?

When selling a house, real estate agents will always advise that a little preparation and planning will assist in achieving your desired sale price.

Selling your business is no different.

I reckon there's a gap that business people don't pay enough attention to until it's too late.  And that's the gap in what they need for retirement and the value of their business.  So there's no time like now to see how big that gap is.

I've been going on a bit lately in my blogs about leadership.  And I'd planned on making the one on Focus the final in the series.  Then it occurred to me that we often think of leadership and management as being the same thing.

But they're not.

To Appeal or Not To Appeal?...That is the question. And though it is not uncommon for taxpayers to object to assessments issued by the ATO, legal...

Clifton Accountants proudly sponsors Shoalhaven Australia Day 2011 At Cliftons we are proud to be involved in the community that we live and run...

Until recently there were very strict rules on a SMSF being able to borrow to invest funds for the retirement of the member of the fund.

Often the lure of cash is hard to knock back, and reporting it to the taxman even more so. Many Australian businesses accept cash and don’t declare it....

The Federal government has handed down its latest budget. The deficit is estimated to be $18bn for 2013-14, a turn-around of some $20bn from the...

Treasurer Wayne Swan has handed down his budget for the 2011/2012 year. It was been widely noted as being a lacklustre budget with a jobs focus,...

ATO Penalty Changes The ATO, courtesy of a legislation change in a bill passed in November, now has the power to levy vastly increased penalties...

Stronger Super This program is being introduced by the Government in response to the Super System Review whic was announced in December 2010. A...

Claiming self education expenses for Youth Allowance. The recent win by a taxpayer in a case regarding self education expenses has ruled that...

Valuation Issues with Property Valuations are particularly important where CGT Small Business Concessions are being accessed, property is being...

Capital Gains Tax CGT events are taxed based on the contract date, however the event is deemed to have "happened" until settlement occurs.  Hence if...

Share Trading Business The ATO are establishing distinctions between accounts held on capital, trading or revenue based on time periods held,...