Accounting

Accounting Lingo

Sometimes it might feel like we’re speaking a new language, so we’ve put together a list of common accounting and taxation acronyms and terms we get asked about. If the term you’re looking for is not here, let us know and we will send you a definition. We’ve also included links to each so you …

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Director Identification Numbers

If you’re a director of a company, you may have heard the term Director ID lately. It is now a requirement by ASIC that all company directors have a Director ID. A director identification number (director ID) is a unique identifier you will keep forever. You will only ever have one Director ID, no matter …

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How the Federal Budget could impact your business

The Federal Budget was passed down in May and there was a lot of press coverage on some aspects; but what about your business? We’ve explored some of the key takeaways for businesses below. How the Budget could impact your business Increase capital expenditureUnder the proposed Budget temporary full expensing is extended until 30 June 2023. This …

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