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Edition 442 – Ready, Set, No!

With the work we undertake with one of our great clients, they send us their Dashboard, each day, that summarises what has happened in the business, that day. It contains key financial and non-financial data, which they transpose from their in-house software system, and generally provide some commentary about the day’s happenings in the business.

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Edition 439 – Jumping To Conclusions

It’s early Monday morning. I’ve stayed up on the Northern Beaches on a Sunday night to make sure I’m fresh for the two days of meetings. They’re great clients and I always like to turn up on or before time, to get a good start on the day and catch up on proceedings since I was last there.

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Edition 438 – Ethical Standards

An accountant is approached by a potential client for help with their compliance matters. The client is late with their prior year’s tax returns and needs things undertaken as soon as possible. The reason for the hurry is not because the authorities are chasing them up. The client needs finance for a property they’re purchasing and, as part of the loan process, copies of most recent tax returns are required. That, in itself, is probably the first warning sign.

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Edition 437 – Behind The Numbers

I have a saying that’s almost become a philosophy – “Numbers are reasons in disguise”. I’ve long subscribed to the fact that the financial statements, nor the accounting systems maintained by most small and family businesses, tell the full story of what’s happening inside of that business.

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