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Australia
Elevating dental practices: the essential role of Virtual CFOs

By Angela Jeffrey on 12/10/23 - Mins to read: 3 minutes

Running a successful dental practice requires careful planning, excellent patient care and effective management. While the quality of patient care is undeniably important, the financial health and stability of a dental practice are equally critical. This is where the role of a Virtual Chief Financial Officer (CFO) comes into play,...
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Personal Services Income: the fact from the fiction

By Julie O'Reilly on 12/10/23 - Mins to read: 3 minutes

As business advisors who work closely with medical professionals, we wish to highlight some common misconceptions about the impact of the Personal Services Income (PSI). Ignoring the PSI legislation can lead to very serious consequences such as an ATO review or audit, resulting in tax avoidance and significant penalties. It...
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Understanding early tech company revenues

By Nicholas Benbow on 12/10/23 - Mins to read: 3 minutes

Tech company revenues – so important for valuations as these companies aim to build and grow. The sector has long used revenue multiples, and not traditional profitability measures, to justify valuations. But what, and here’s the rub, exactly are revenues under accounting standards? Tech companies will usually earn revenues under...
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How wealthy does my family need to be to establish a Family Office?

By Andrew Bradley on 12/10/23 - Mins to read: 3 minutes

A common question that wealth managers are asked is, “How wealthy does my family need to be to establish a Family Office?” Some say you need $500m to start your own Family Office, however, we think this is a misconception and help families establish their own structures with less than...
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What is phoenixing?

By Sean Wengel on 12/10/23 - Mins to read: 3 minutes

Illegal phoenixing is a deceptive manoeuvre used by some businesses to sidestep their obligations, leaving creditors, employees, and other stakeholders at a loss. It involves deliberately transferring assets from an indebted company to a new one, leaving the former to face insolvency. Such predatory practices not only damage the economy...
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