Paul Blahut - JWA

Operating and Non-operating Expenses & A closer look at their differences and similarities

You might just be curious as to what on-operating expenses may be since operating expenses is quite self-explanatory: these are the expenses that your business incurs in order to properly run and operate the business. Now non-operating expenses in its simplest form are all the costs that the business has incurred in the performance of peripheral or incidental purposes. Telling them apart can be...

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Accounting and Management Reporting

People can very simply put the blame on bookkeeping whenever a business goes on a downward spiral. The accurate and reliable record of your business’s books possesses a significant role in satisfying the company’s demands as well as in the recognition of financial rewards.  There are a lot of benefits that comes with bookkeeping in a business. It not only aids in financial decisions but...

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Vision – The Ultimate Goal

Where is your business headed? What do you want it to become? Are you just responding to the market place, letting it take your business wherever it might go? These are very serious questions for which it is best that you know the answers. In the quest for more revenue, businesses are pulled in many different directions; Jumping at opportunities, sometimes trying to please everybody. But are...

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SMSFs – Liquidity Risks in Buying Property

The last few years have seen changes to superannuation legislation resulting in superannuation funds being able to borrow to acquire certain assets.  The most common asset being acquired using borrowings is property, which being an illiquid asset, exposes the SMSF to potential liquidity risks.  In this article we will provide an insight into liquidity risks arising from the acquisition of...

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Estate planning explained

The world is a complex place and becoming more so. Family break-up, longer life expectancies and the possibility of premature death or a  debilitating disease such as dementia all mean that proper estate planning is a very important aspect of life to get right. If determining what happens after your death, such as who gets what and how and when, is important to you, then a proper estate plan is...

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