Author Archive

STP reporting will be introduced for a number of businesses this year. Are you one of them?

Are you ready for the Single Touch Payroll deadline?

Single Touch Payroll will soon be introduced for businesses that have 20 or more staff from 1 July. But what preparations should organisations be making ahead of the changes? And will small or medium-sized enterprises need to comply? We can help you answer all these questions and more. Read More »

Thinking of starting a new business in regional Victoria? WMC Accounting can think of five reasons why you should.

5 reasons to start a business in regional Victoria right now

There are many reasons why regional Victoria is an excellent place to start a new business. The Victorian government offers significant support via grants and development programs, and new research suggests business confidence is through the roof in the state. But that’s not all – read on to find out more. Read More »

Are you considering buying a business in regional Victoria? Let WMC Accounting help.

Good types of businesses to buy in regional Victoria

Buying a business in regional Victoria is a huge decision, which is why entrepreneurs should perform thorough research and contact a local Geelong accountant for guidance before taking the plunge. But what type of businesses could offer potential opportunities? Read More »

Starting a business in Australia isn't easy, but WMC Accounting is here to help you put together the pieces of the puzzle.

Starting a business in Australia: what you need to know

There are a number of steps you must take in order to start a business in Australia. You will need to set up a business plan, apply for an Australian Business Number, register for taxes and much more. Here is our guide to pursuing your entrepreneurial dreams. Read More »

Do you have enough cash on hand to pay your day-to-day business expenses.

4 tips for managing small business cash flow

SMEs need enough cash on hand to ensure their business can handle its day-to-day expenses. When customers don’t make payments on time, this has a knock-on effect for your firm’s financial security. But how can you ensure your small business doesn’t run out of cash on hand? Read More »

Ensuring your family's future financial security is key when estate planning.

3 life costs you should consider when estate planning

Effective estate planning ensures your loved ones are financially supported should unforeseen circumstances strike. However, many people underestimate the full costs of securing a family’s future when things go wrong. Are you adequately prepared? Read More »

SMEs want accountants to communicate well, be technologically savvy and offer a range of business advisory services.

3 things SMEs want from their accountants in 2018

SMEs contribute 57 per cent of Australia’s GDP, according to recent NAB research. However, many SMEs need extra support and access to advisory services to ensure they continue running a successful business. Here’s how accountants in Geelong can help. Read More »

SMEs may need to improve their data security as new breach notification laws come into force.

SMEs focus on cyber risk as new data breach laws commence

Australia is the latest country to introduce mandatory data breach notification laws, with businesses required to inform the relevant authorities when their systems are seriously compromised. But are SMEs adequately prepared to comply with the legislation? Read More »

SME owners are dealing with a number of late payment woes.

4 late payment facts keeping SME owners up at night

Late payments are a constant challenge for SME owners, leading to cash flow problems, investment delays and – in worst-case scenarios – insolvency. We’ve scoured the latest research to bring you four statistics about late payments that should get you thinking about your debt collection processes. Read More »