Experts Accounting Tips

 Hey All, Bookkeeping is a tough job. A professionally qualified and expert person can perform it effectively to make the business run in the best manner. They manage several tasks simultaneously which is not possible for the business owner, who already has several other responsibilities. I have seen businesses suffering when they do not hire a bookkeeper and pass on the role to the business owner or another inexperienced candidate. The business starts showing early signs of failure such as inability to meet short-term objectives, spending more than earning, paying heavy taxes and feeling burdened under huge debts. If you wish to know about these signs in detail, read the article shared below.     https://www.agibookkeeping.com.au/signs-your-business-needs-a-new-bookkeeping-service/

 The senior management shake-up of Melbourne-founded, New York-based employee experience (EX) software group LiveTiles (ASX: LVT) continues after it was announced today that co-founder Karl Redenbach would be departing from the CEO role he has held since the business began in 2014. The news comes within a week of another ASX-listed, Aussie-founded, US-based tech company - Bigtincan Holdings (ASX: BTH) - withdrawing from a scrip-derived $65 million takeover bid for LiveTiles, citing very limited engagement from the target and not being granted access to due diligence as its reasons.  The outgoing leader will be replaced by Salesforce regional vice president David Vander, who prior to that job was global growth director at LiveTiles. Read More: https://www.businessnewsaustralia.com/articles/livetiles-co-founder-to-step-down-from-ceo-role.html

 A Melbourne-based recruitment platform used by the likes of Qantas (ASX: QAN), Woolworths Group (ASX: WOW) and Big W to hire people within hours has closed a $17 million Series A funding round led by Macquarie Capital and W23. Sapia.ai’s capital injection comes eight months after it raised $7 million in a funding round backed by global recruitment firm Hudson, Yarra Capital Management chair Dion Hershan, Melbourne investor Leigh Jasper and former Macquarie Corporate Advisers chair Jim Craig. Originally called PredictiveHire, the company will use its latest funds to scale aggressively in the US, where currently 10 of its 50 enterprise customers are based. It also plans to make its platform available in multiple languages. Read More: https://www.businessnewsaustralia.com/articles/ai-powered-recruitment-tech-sapia-ai-closes--17m-series-a-as-it-eyes-us-expansion.html

 It appears that the combined disruption of a pandemic, floods, global conflicts, rising inflation and fears of a global recession can’t keep a good tech company down, as Melbourne medicinal cannabis player Montu was named one of the fastest growing companies by Deloitte’s Technology Fast 50 since the list was established 22 years ago. Montu, which develops innovative cannabinoid-based products and makes them accessible to patients through a nationwide network of doctors, achieved a massive 20,728 per cent growth in revenue over the three years to 2022, making it a clear winner in this year’s list. This is the fastest growth of any tech company that has made the list since 2004. Read More: https://www.businessnewsaustralia.com/articles/australia-s-fastest-growing-tech-companies-beat-the-odds-to-hit-an-18-year-high.html

 Hi, I had set up my business in 2011. It was easy to start as a sole trader because I was offering consulting to my clients. After five years, I wanted to expand and grow but had to change the structure of the business. Thus, I changed it into a company and got some investors onboard. It was highly gratifying and I am surprised why I started as a sole trader in the first place. Setting up a company is an expensive and complex task thus many shy away from doing it. However, I realised that choosing the right structure is the best way to go forward. Here is an article that will help you in this regard.     https://www.business2sell.com.au/blogs/strategy/how-to-choose-the-right-business-structure-for-your-business

 Three of Australia’s largest telecommunications providers have been hit with multi-million dollar fines after misleading customers about achievable Internet speeds, in breach of consumer law. Having admitted liability in three separate proceedings instituted by the Australian Competition and Consumer Commission (ACCC), Telstra (ASX: TLS) will pay $15 million in fines, Optus will pay $13.5 million, and TPG (ASX: TPG) will pay $5 million. The fines are the result of the three companies having made false or misleading representations when promoting some 50Mbps and 100Mbps NBN plans to nearly 120,000 customers. Read More: https://www.businessnewsaustralia.com/articles/telstra--tpg-and-optus-hit-with-multi-million-dollar-fines-after-misleading-customers.html

 Co-working and flexible workspace services provider Victory Offices (ASX: VOL) has today entered into voluntary administration, citing the impact of COVID-19 on its operations as the reason behind its downfall. However, the company maintains it is currently solvent, but notes it is likely to become insolvent at some future point in time - hence the appointment of DV Recovery Management (DVRM) as voluntary administrators. In an ASX statement, Victory Offices says it is looking to recapitalise the business to ensure it can emerge from the period of voluntary administration in a stronger financial position. Read More: https://www.businessnewsaustralia.com/articles/victory-offices-appoints-voluntary-administrators-but-maintains-company-is-solvent.html

 Mike Hewson could be Australia's most scrutinised artist — not necessarily by gallery-goers, but by the harshest critics of all: parents.   Mr Hewson designs and builds "risky" playgrounds, typified by climbable rocks with with jutting edges, buckets placed precariously on top of one another, and misshapen iron monkey bars. But his designs are anything but haphazard.  Each tiny detail is painstakingly planned to the millimetre. Mr Hewson's new $2.5 million playground in Southbank, which he calls Rocks on wheels, is his first in Melbourne. Read More: https://www.abc.net.au/news/2022-11-09/mike-hewson-risk-play-playground-artist-melbourne/101628342