Finalists in the Australian Accounting Awards
We are excited to share that Elevate Accounting has been shortlisted for the prestigious Accountants Daily Australian Accounting Awards 2018. We are f…
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Whether you’re a startup, looking to grow a business, maintain a business or exit one, the Elevate team are always here to help. Learn more about business with each and every news update!
Single Touch Payroll
Single Touch Payroll (“STP”) is a reporting change for employers. It starts from 1 July 2018 for employers with 20 or more employees. You will report…
Don’t Assume all Businesses are Cash Flow Positive
It goes without saying that businesses need cash flow to survive. We would then assume that most businesses are cash flow positive – by this, we mean…
Protecting your IP
The life of an entrepreneur is tough. Amongst all the challenges in developing an idea, building a team, creating a product, selling the dream, raisin…
Managing Projects for Professional Services
We work with many businesses in the professional services sector – architects, builders, design agencies and consultants. A major issue that mid-size…
Profit on Construction Contracts
We work with a large number of construction businesses and we always find major variations in the treatment of Work in Progress. To assist in clarifyi…
The Art of Tax Planning
The tax year ends on 30 June. Once this date has passed the tax outcome for the year crystallises and transactions cannot be backdated. For this reaso…
Don’t process supplier invoices manually – it’s a waste of your time!
Businesses lose money every year in unclaimed expenses, such as misplaced receipts, but now you can stop these losses! Receipt Bank is an award-winnin…
Passing the business to the kids sounds great, but it has its problems…
Multi-generational businesses are great news stories, however, they are few and far between. Passing a business down from parents to children is a gre…
The Valuation Multiple
Businesses are generally valued using the Future Maintainable Earnings approach, whereby the maintainable profit (EBITDA, EBIT, NPBT or NPAT) is multi…
