WMC Accounting, Geelong, Colac, Bellarine Peninsula

Category: Business Advisory

What does the ATO look for when it chooses which companies to audit?

Are you paying taxes right?

The ATO​s new online tax system will make tax compliance and lodgment easier, but what other practices could bring the taxman to your door? Read More »

An accurate cash flow forecast can help your business plan for the future.

Projecting cash flow: how and why

Every business relies on cash flow to ensure employees receive their wages, bills are paid and suppliers are kept happy. But why is a cash flow forecast so important? Isn’t a profit and loss statement sufficient? We explain how to project your cash flow and why your estimates need to be as accurate as possible. 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 »

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 »

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 »

Setting up a new business in a regional location can be challenging.

What factors are important when launching a regional start-up?

Setting up a business has unique challenges when you’re based in a regional location. Enlisting the services of experienced tax accountants in Geelong can help you address these issues and build a successful organisation outside a big city location. But what key factors should you consider? Read More »