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Let’s just not kid ourselves - the profession that is focussing on getting clients books in order for the quarterly/monthly activity statement is dying. The pool of fish gets smaller and smaller - predators fishing out the ones that are too overworked to fight for the...

Big relief for all small businesses that had to, or were planning to, let go of their staff because of the shut-downs- a wage subsidy of $1,500/fortnight was announced today for all employees that were on the books on 1 March! All full-time, part-time and casual...

"Business Hibernation" - How can this help your small business? Every crisis has its hidden opportunities and "Business Hibernation" is one of them. Because the recent shut down affected big numbers of small businesses the power that big companies (like landlords,...

ANCONSULT SERIES: Business Shutdown - What To Do? - Part 3 You've dealt with your staff and you shut down your shop - now its time to think about yourself. The government has covered the problem that you as a sole trader are actually out of a job as well with expanded...

ANCONSULT SERIES: Business Shutdown - What To Do? - Part 2 Your are confronted with an unthinkable scenario - within a couple of days all your money inflow stopped. No time to prepare, no time to think about it beforehand. If you have employees please read part 1. Now...

ANCONSULT SERIES: Business Shutdown - What To Do? - Part 1 So many businesses - be it hospitality or other - are utterly confused at the moment. Too much legal language, too much sensationalised media coverage and nobody can give you clear answers. Well, firstly take...

End of financial year came and passed – and now we have to finalise all the reporting. There are statements put together by our bookkeeper that we should verify before we hand it over to the accountant. But how can we verify when we don’t understand?

Hospitality is one of the last businesses that still deals with cash, as in physical money. The ‘Cash Account’ in hospitality is often used for cash sales but also for any expenses that did not get paid from a business account.