Reading Time: 3 minutesSince a medical practitioner is expected to improve your condition, you, as a patient, have the right to take legal action against a doctor, or nurse, if your condition worsens or a new one develops as a result of their negligence or malpractice. Your insurance would generally only cover future medical costs that resulted from […]
Your Workplace Rights in Australia
Reading Time: 2 minutesBreach of Workplace Rights The majority of workplaces in Australia are covered by the Fair Work Act 2009. As a full- or part-time employee in Australia, you have rights that cannot be breached. As an employer in Australia, you have a duty to uphold the law and make sure you are providing a workplace that is in […]
Qualities That Make a Great Accountant
Reading Time: 3 minutesA good accountant might be excellent at crunching numbers but a great accountant has far wider range of skills. Of course, you want a person who will manage books, accounts, payroll and taxes efficiently but, when hiring a financial and business partner for your company, you also want someone that you can trust completely, can […]
A Primer on Double-entry Bookkeeping
Reading Time: 3 minutesThe idea of double-entry bookkeeping sounds confusing, doesn’t it? Many people are confused by the concept of double-entry accounting systems though it is one of the most standard of accounting practices. You might think that the easiest way of keeping track of your accounts is to simply make a single recording of every transaction made […]
How to Read a Financial Statement
Reading Time: 3 minutesWhether you are an investor, employee, board member or owner of your own SME, knowing how to read a financial statement is a skill you will need to call upon if you want to make informed decisions regarding spending, investing and more. Sure, you might rather leave the interpretation of financial documents to your accountant […]
Conveyancing – What is it?
Reading Time: 3 minutesWhat is conveyancing? Simply said, conveyancing relates to the legal process of transferring the right of ownership of a property from one person, or entity, to another. However, this process can be greatly varied due to the different types of properties available and laws governing the process in each instance. Different buyers and sellers, with […]
Fraud Auditing, Investigation and Forensic Accounting
Reading Time: 4 minutesAnyone who has read the autobiography of Frank Abagnale, “Catch Me if You Can” (also adapted into a film starring Leonardo DiCaprio and Tom Hanks) would be surprised by the ease conmen find weaknesses in controlled processes. By the tender age of 21, Frank Abagnale had already defrauded banks of 2.5 million via bad cheques […]
Curveball Series: Receiving a Death Threat or Being Stalked
Reading Time: 3 minutesThe Internet is a many splendored thing. The ways it helps reduce the distance between friends and family members who may not live in the same city or even country would have been unthought of in a previous century. Unfortunately, as such great things tend to be, the Internet is also a double edge sword. […]
Curveball Series: Sudden Death of Key Man
Reading Time: 3 minutesImagine if your business suddenly lost its founder, CEO, CFO or top-grossing salesperson due to their sudden death. A sad and pretty devastating idea, isn’t it? The passing of an important figure within a small or medium enterprise (SME) can be especially debilitating. It might be the kind of thing that keeps you up at […]
Accountants and Early-stage Startups
Reading Time: 4 minutesIt is common for early-stage startups to put off hiring an accountant, either because they think they don’t need one or because they think they can’t afford one. In some cases, the idea of retaining an accountant is not even on the radar of early-stage founders yet. While it might seem too soon to some, […]
5 Things to Ask Yourself About Life Insurance
Reading Time: 4 minutesSome people know a lot about life insurance while others know very little. The one thing that most people seem to know and agree on, however, is that they need it. Maybe lots of it. Some people might go and ask questions about life insurance of friends, colleagues or loved ones but, the truth it, how […]
Curveball Series: Breach of Employment Contract – For Employers
Reading Time: 3 minutesWe do not like to think that our employees might divulge sensitive company information or make an exit en masse for a competing firm but the truth is, it happens. When it suddenly comes to light that an employee has breached their employment contract by sharing information with a competitor, been working towards their own […]