Warning on bank advice to business owners

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Warning on bank advice to business owners

Warning on bank advice to business owners

Some banks are advising customers with business accounts to transfer excess cash to pay down the business owner’s home loan.  While it might sound like common sense to use the excess cash in your business, there are significant potential problems for business owners who do this. Money in your business account is the money of …

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Growing your business to death

Growing your business to death

Most people are not surprised when a start up business fails. But it’s not just start ups that grow to death; it’s also a common cause of business failure for mature businesses. Start-up businesses often fail because they are undercapitalised.  They grow until the money runs out and then they can’t afford to fund further …

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Good-governance templates for small charities

Good-governance templates for small charities

The Australian Charities and Not-for-profits Commission (ACNC) and Justice Connect Not-for-profit Law has developed a set of governance templates to help small unincorporated charities registered with the ACNC. A significant number of small unincorporated organisations applying to be registered with the ACNC have trouble providing documents to establish the commission’s requirements.  The templates are designed …

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