AASB 16: The leases standard is changing from 1 January 2019. Are you ready?

Posted by Kelly Morgan on 20-Jun-2018 13:00:00

Designed to improve transparency, comparability and disclosure of leasing activities there is a new leasing standard coming. It takes effect on January 1, 2019 and you need to be ready. In this article we look at what are the changes, who it affects and what you need to do in order to be ready by 1 January 2019. #sydneyaccountants

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Topics: profit, Business accountants, Tax professionals, Balance Sheet, IFRS16, Accounting model, Leasing standard, AASB16, loss, Lease Accounting Standard

Is your business profitable?

Posted by Kelly Morgan on 27-Feb-2018 09:31:45

Running a small business can often feel like a mouse on a wheel. Lots of activity, lots of money in and then lots of money out. So, how do you know if your business is actually profitable?

Here we take a look at how to give your business a bit of a financial health check and determine just how profitable your business is. There are several indicators which you need to review.

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Topics: Azure Group News, Budget, strategy, management, profit, income, small business, Profitable business, Business growth