Compliance with ACNC reporting is an important task, but the ACNC has identified that many NFPs struggle – especially with incorrect reporting types and incomplete statements. Good accounting advice can help ensure your NFP avoids the pitfalls. As outlined in the 2020 ACNC review of reporting practices Reporting Statistics for the 2018 Reporting Period, many […]
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Considering the benefits of a merger, acquisition or partnership
With key Covid-19 government support schemes gradually decreasing, many prudent Australian organisations are seriously analysing future opportunities and threats. The three options that your business or NFP might consider are: A Merger An Acquisition A Partnership – including joint ventures and project partnerships. As Australia’s financial landscape begins to reshape, now is the perfect time […]
A six-point segmentation plan to rebuild your organisation after a crisis
Segmentation can provide the financial clues you need to start rebuilding operations after a crisis. Segmenting will help your organisation track positive performance, identify critical weaknesses and become more resilient. In financial reporting, segmentation is the process of breaking down the whole organisation into various segments and focusing on each one’s progress. The segments could […]
Salary Packaging – How to Make 1 April a “Happy New Year”
Guest Article written by Tony Vitacca – Director, GO Salary Let’s make 1 April 2021 the start of a happy new year. The salary packaging limits ‘re-set’ every 12 months. This creates opportunity. First, if you have not maximised your salary package for 20/21, you have until 31 March 2021 to do so. For most […]
The Road to Organisational Resilience
Resilience is the main attribute that enables organisations to withstand the pandemic and its aftermath, and it also underpins those businesses and NFPs which will continue to thrive. Hopscotch Accounting has prepared A Roadmap to Organisational Resilience: Tips for strategies and success, a free ebook to guide organisations that are geared to survival but must […]
What you need to know before applying for the JobMaker hiring credit
Your new year plans should already be in motion, but with JobMaker subsidies up for grabs until October, it is worth reviewing how the hiring credit could boost your organisation’s productivity, and the implications of claiming it. The JobMaker scheme was developed by the Australian government and opened in late 2020. Essentially a subsidy to […]
