The (extended) Bottom Line of the Federal Budget 2021-22

Federal Budget 2021-22 Building a healthy recovery The October 2020 Budget was a stimulus Budget designed to soften the blow of COVID-19-related impacts for Australians. Now 6 months on and the report card is largely positive.  Economically we are in a much better position than the Government’s forecasts in October last year. The focus of the…

The Bottom Line of the Federal Budget 2021-22

Federal Budget 2021-22 The October 2020 Budget was a stimulus Budget designed to soften the blow of COVID-19-related impacts for Australians. Now 6 months on and the report card is largely positive. Economically we are in a much better position than the Government’s forecasts in October last year. The focus of the 2021-22 Federal Budget…

Why do I need a Profit & Loss Report and how do I read it?

Most people start their business because they are passionate about the primary work of the business — which usually    is not accounting. This means that most business people aren’t completely aware of how to interpret the monthly financial reports they receive. For business owners, the Profit & Loss Report, and other financial reports can highlight…