Experts Accounting Tips

 Hi there, Staring a business is the most challenging task on earth if you are new to the industry. You need to learn a lot and liaise with a lot of people to make it work. The first thing I did when I launched my own business was to hire a bookkeeper and get an accounting software to keep my books updated and record every entry without any errors. We planned for the tax season in advance and budgeted for the entire year. We measured every financial aspect of the business and it helped us to keep a check on our performance and meet our goals. So, here is an article that will help you to manage your finances if you have a start-up.  https://www.agibookkeeping.com.au/tips-to-manage-finances-for-start-ups/

 With the Russian military at the Ukrainian border, harvest in "Europe's bread basket" is under threat and Australian farmers could be left to fill the gap in the world's grain supply.Ukraine is among the world's most fertile farming countries and last year exported a record 84 million tonnes of grain. It is forecast to supply 12 per cent of the world's wheat and 16 per cent of its corn this year, but with harvest still months away, a large chunk of Ukraine's fertile black farmland lies in the firing line of a brewing conflict. "There's speculation that the Russians are interested in territory east of the Dnieper River which is [forecast to harvest] over 12 million tonnes of wheat — around 47 per cent of Ukraine's production," Mecardo senior agricultural analyst Adrian Ladaniwskyj said. Read More: https://www.abc.net.au/news/rural/2022-01-24/russia-us-military-standoff-ukraine-harvest-in-the-firing-line/100778468

 Diesel-powered mining vehicles will be a thing of the past within the decade for Andrew Forrest's Fortescue Metals Group (FMG) under its plan to decarbonise by 2030. The iron ore miner announced yesterday it would acquire British engineering and technology company, Williams Advanced Engineering (WAE), in an effort to fast-track its decarbonisation plans. FMG chief executive Elizabeth Gaines said the acquisition would assist the miner in substituting its entire diesel mining fleet by 2030, with the view to remove diesel from operations altogether in the future. Read More: https://www.abc.net.au/news/2022-01-25/fmg-acquires-williams-advanced-engineering-in-bid-to-cut-diesel/100779862

 The Australian share market has plunged to a new eight-month low in the wake of inflation jumping more than forecast over the last few months of 2021, raising the prospect of sooner-than-expected interest rate rises.  The market opened lower, despite a late rally on Wall Street following a night of wild swings that saw the Nasdaq fall nearly 5 per cent at one point.  The losses on the ASX deepened after new figures showed consumer prices jumped 1.3 per cent over the December quarter. At its low point, the local market fell 3 per cent as US futures fell, indicating there would be a drop on Wall Street overnight as the Federal Reserve commenced a two-day meeting.  Read More: https://www.abc.net.au/news/2022-01-25/asx-wall-street-markets-currencies-commodities/100779156

 Hi all, As a small business owner, I am always worried about my organisation. It takes a lot of dedication and hard work to keep everything in control. Recently, I hired a bookkeeper to reduce my burden and take charge of the duties of payroll and inventory management. He pointed out many issues with the recording of the transactions. I was shocked myself and didn’t why some of the transactions were not recorded and some of the money had gone missing. He immediately asked me to develop internal cash control measures and we have been following them religiously. Here is an article that will tell you about these control guidelines for small businesses.  https://www.agibookkeeping.com.au/internal-cash-control-guidelines-for-small-businesses/

 Within days of learning about a sleepy beachside town in central Queensland, Sydneysiders Rahela Beevers and her husband had packed up and called the removalists.  Almost 10 years on, Ms Beevers is still in love with the "lovely laid-back village atmosphere" of Emu Park, near Yeppoon on the Capricorn Coast. It's this relaxed lifestyle Ms Beevers believes is at risk from a proposed high-rise development in the town centre. She was one of nearly 200 locals who made public submissions to Livingstone Shire Council opposing the multi-million-dollar proposal. Read More: https://www.abc.net.au/news/2022-01-10/emu-park-high-rise-proposal-angers-coastal-community/100743534

 The NSW government's decision to allow essential asymptomatic close contacts to come back to work without isolating is "reckless", a union says. The COVID-19 exemption is now in force for critical workers in the food, logistics and manufacturing sectors who become close contacts, similar to those previously introduced for health workers. However, the Transport Workers Union said scrapping isolation requirements was "beyond reckless".  "Workers are being thrown to the wolves by a government that continues to ignore all the warnings," said the union's national secretary, Michael Kaine. Read More: https://www.abc.net.au/news/2022-01-09/critical-workers-blast-nsw-new-close-contact-iso-rules/100746816

 The Australian share market is following a negative lead from Wall Street, where a tech sell-off over recent weeks has dragged the Nasdaq closer to a "correction".  A technical correction is where the value of an index falls 10 per cent or more. Since its most recent peak in mid-November, the Nasdaq has lost around 7 per cent of its value. Most of that has come since the new year started, with Wall Street's tech-heavy index off 4.5 per cent so far this year. That included a 1 per cent slide on Friday that capped off the Nasdaq's worst week in almost a year, with some big names such as Tesla included in the sell-off, with the electric car maker down 3.5 per cent that session. Read More: https://www.abc.net.au/news/2022-01-10/asx-wall-street-markets-australian-dollar/100747342