Blog

The Years Ahead for the Practice of Law

I often think about what’s in store in the practice for a new lawyer. Would you, as a parent, suggest that your son or daughter become a lawyer, and if so, what type of practice would you recommend? Observers in the industry are forecasting a cooling of the legal market over the next five...

Young Thinking: Growing or Going

A favorite mentor of mine is always telling me you are either “growing” or your “going”. Over the years, I have truly come to appreciate the full impact of this simple wisdom. As more and more people are living beyond their savings and expectations, many baby boomers are finding themselves faced with more changes...

Re-Visit, Re-Fresh, Re-Vitalize, Re-Invent, and Re-Gain

To improve the likelihood of success in your business, I would suggest some simple steps to improve and grow your business over the course of the next twelve months. I will be referring to these simple steps as the Five “R’s”: Revisit, Re-Fresh, Re-Vitalize, Re-Invent and Re-Gain. Re-Visit When was the last time you...

Beware of Doubtful Debt Collectors

Accountants, being used to the concept of audited trust accounts, may be surprised to learn that debt collection agencies don’t actually use them. Many of them have an account which they call a trust account and label as such on the cheque book but that’s just little fiction that they share with the bank....

Financial Forecasting for Emergency Funds

This week’s tropical cyclone Nora affected millions of people across Queensland and left many small businesses at a standstill, some for almost the entire week.  This brings up the topic of financial planning in case of an emergency. Whether it’s something as big as a natural disaster or a leaky roof, having an emergency...

Real Estate Terminology Cheat Sheet

Accrued Interest Interest calculated but not yet added to the loan. Amortisation  Systematic repayment of a loan through regular installments over a period of time (e.g. Weekly, Monthly or Fortnightly). The Borrower plays the interest and part of the principal in each repayment. Arrears Amount that the Loan is overdue for repayment. Auction A...

Debtor Finance is Back on Track!

Statistics released from DIFA media release showed that Debtor Finance or Factoring is back on track and growing rapidly in Australia. These findings show that business owners are taking advantage of this type of facility to grow their business. In Australia with the change in Government, new businesses are at their highest figures in...

Cash Flow Projection

With only a few days left in 2017, a lot of us start to wonder what the New Year has in store. Wouldn’t it be nice to have a crystal ball for your business, something that could predict changes and trends and allow you to plan your business accordingly? While there is no magical...

Bond Loans for Christmas

Christmas can often be a stressful time involving a lot of expensive purchases. Organising decorations, presents for friends and family, food as well as the paying the normal household bills can place financial stress on many people at this time of the year. One way of ensuring a happy Christmas and avoiding financial hardships...

Why you May Need a Financial Planner

No one knows what the future holds. All an individual can do is be prepared for any eventuality. In order to deal with the uncertainties that life holds for us, we need to manage our finances in an orderly manner. You may be a civilised and well-organised person who earns well, pays taxes on...