News
The Matthews Steer team was delighted to welcome a socially-distanced in-person capacity crowd to their information-packed Success Stories breakfast on November 12, which featured presentations from Human Resources guru Shanyn Payne, climate and energy policy expert Tennant Reed, and Matthews Steer Government Grants expert Gary Twomey.
Accounting firms are increasingly finding themselves looking inward to solve challenges that arise with changes in the sector, and to deal with the shortcomings of age-old ways of working. This imperative to innovate has impacted the accounting industry in numerous ways, challenging us to do more with less, and leading to the exploration of artificial intelligence solutions and deep dive into data and analytics.
From November 2021, the Australian Business Registry Services (ABRS) will legally require all Directors (or Alternate Directors) to verify their identity by registering for a Director Identification Number (Director ID).
Planning can be exciting, engaging, and fun to do. Speak to anyone who’s set their sights on a house build or renovation, or a holiday, and they’ll wax lyrical describing every detail they’ve planned down to the second dishwasher in the butler’s pantry or the poolside cocktails they’re intending to consume. Planning, it seems, can be highly enjoyable and, when we’re not wrestling with a global pandemic, a hugely fruitful occupation to devote some time to. So, why then do so many Australian business owners fail to write or refine a formal business plan?
One attribute most businesses share is the desire to build and improve and evolve. In the volatile world in which we now live, maintaining a crystal clear focus on our business intelligence – what we know (or think we know) about our clients, markets and competitors – has become essential to tackling and overcoming the changes and challenges we, as business owners, face on an almost daily basis.
Think a career in accounting is all about the numbers? Think again! Accounting is a diverse field that offers opportunities to apply your talents in a range of areas and industries. And, while a defined career path, and structured professional development – like that offered here at Matthews Steer – is highly prized, that doesn’t mean you have to be pigeonholed. If you opt for public practice accounting, your technical accounting skills can take you in a range of diverse directions, focus areas and specialisations – a career ‘choose your own adventure’ if you like!
Many business owners – from start-ups to SMEs to major enterprises – wish they could delegate the financial oversight of their operations and free themselves up to focus on business development. The problem is, not all businesses can afford to employ a full-time CFO, particularly when they’re just starting out, or they’re undergoing an intensive period of growth. The good news is there is a solution to this catch-22.
As the old cliché says: ‘There’s no such thing as a silly question’. Here are some of the accounting FAQs we hear from accountants, experienced and aspiring.
According to the Australian Taxation Office (ATO), there are nearly 600,000* SMSFs with more than 1.1-million members, representing 30% of all super assets in Australia. So how do SMSFs work, why would you consider starting a SMSF, and how do they compare with industry or retail funds?
With the end of the financial year rapidly approaching there’s no better time to familiarise yourself with the products nurturing your nest egg. It could help to save you money and maximise the performance of your investment.
Managing Partner of Matthews Steer Accountants and Advisors, Ken Matthews, shares insights, learnings and advice for Melbourne business owners gleaned through his own entrepreneurial journey.
Treasurer Josh Frydenberg’s hotly anticipated Federal Budget 20/21 delivered a number of changes to superannuation that may have implications for family business owners. Here are the ‘super’ headlines you need to be aware of from the ‘coming back’ budget