About the Author
Director of Proactive Accountants Network Pty Ltd21 posts
Colin Dunn is a Director of Proactive Accountants Network Pty Ltd, a network of proactive accounting firms in Australia and New Zealand providing member firms with the skills, tools and resources to help their business clients grow, improve profitability and free up new cash flow. He is a Chartered Accountant with 25 years’ experience in working with both business owners and accounting firms.
Yesterday, Australia stopped for a horse race. For many Australians, the Melbourne Cup is a once-a-year time to have a punt and take a bit of a risk. It’s a bit of fun and, for most, a low risk gamble. There is an argument that in business, judicious punts from time to time make a lot of sense. Economists might tell you that all profit is as a result of risk. And for many business owners, the biggest risk they h
The more I speak to my clients (accountants in public practice), the more I hear of their business clients facing cash flow constraints. So I thought it timely to blog about how you can put technology to work to make getting paid (and making payments) simpler. I’ll provide you with 4 technological ideas and supplement them with 3 good old common sense recommendations that, when implemented, will accelerate your cas
The Australian Tax Office (ATO) has announced its intention to step up its tax audit activities in a bid to recover significant amounts of unpaid or underpaid taxes. Here is a short summary of some sectors that could potentially be at risk of receiving an audit, as well as some warning signs that the ATO are looking for so that you can put together a plan to ensure you are in compliance and reduce the risk of being i
Crowdfunding has its origin in fundraising. It is typically well known in the form of online campaigns, encouraging people to raise money for activities such as disaster relief, political support, scientific research, non-profit causes or arts projects. Raising money for commercial businesses is a natural extension of crowdfunding.
During the transition from a one-person operation to what some might describe a ‘proper’ business, most businesses tend to go through a period of growing pains where expenses can blow out but revenue does not grow at the same rate. This can result in a drop in profitability. Many businesses never break through this barrier, and their owners remain frustrated, managing people and resources, working harder and h
Many small businesses owners typically got into business seeking freedom, a better lifestyle, more money, or simply because they wanted to run their own show. Although they possess business skills, financial acumen is rarely chief amongst them. In this article, I list the 5 most common financial mistakes.