Business & Finance News

Stay updated on the latest in Australia’s business and finance sectors. We cover news and all essentials in financial, economic, and local business-related topics. Plus, you can also find significant details that may affect your investments, money, and overall financial health.

We have already delved into various Government programs and initiatives, including JobKeeper payments. We will continue to tackle important events, so you never miss vital facts that may change how you run your business.

M2 Corporate understands the need of our readers to get to the point of stories that matter. It is why we bring timely updates, news, and reports – mostly trending and exciting. More importantly, our goal is for you to be well-informed about the current goings-on in the Australian financial and corporate markets.

It always pays to be in the know. Whether you are a beginner, intermediate, or experienced in the world of finance, you will find useful information here. We recommend that you check back often to get the top stories in business and finance.

What Does a Business Accountant Do?

Business accountants discussing their responsibilities

A business accountant plays a multifaceted role, focusing on financial analysis, strategic planning, and ensuring regulatory compliance to optimise a company’s financial health and growth.

With over a decade of experience as a business accountant, I’ve witnessed firsthand the pivotal role we play in the success of companies across Australia.

In this blog, I’ll delve into the responsibilities, benefits, and costs associated with hiring a business accountant, sharing some personal anecdotes and expert insights along the way.

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Internal Audits vs External Audits

Mace Turco showing a graph to a business accountant in a team meeting

In my years in the financial arena, I have found that the word audit causes some turmoil among business professionals. In many cases, the concern is entirely unwarranted.

In basic terms, internal audits are conducted by a company’s own staff to improve business operations and focus on specific areas, while external audits are performed by independent firms to verify the accuracy of the company’s financial statements.

Leveraging my years of experience, I’ve broken down differences between the two as well as the pros and cons to help you better understand.

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What to Take to the Accountant for Your Small Business 

Small business over looking at his bank statements with a small business accountant

For many small business owners, tax season is a time of uncertainty or possibly angst. Even those who are typically well-prepared can find themselves stressed when thinking about taxes.

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How to Pay Tax as a Sole Trader

sole trader tax return guide header

Your job as a sole trader is challenging, and you must oversee every detail of your business to make sure everything is done correctly. Why add stressing about how to pay tax as a sole trader to the list?

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What Do Business Advisors Do?

A business advisor is a strategist who works with your company to help with planning, finances, marketing, and even development.

While many titles in the business world are name-apparent, others sound familiar but leave you unsure about what the job entails. A business advisor is one of these terms. The job title of business advisor became fashionable in the 1970s. However, even in the 21st century, most people only have vague ideas regarding the job’s purpose.

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How to Lodge a Business Tax Return

If the tax return process confuses you, it’s a good idea to check out the ATO resources.

Tax time does not need to be dreaded by business owners. While a significant amount of effort goes into preparing a business tax return, and many simply leave this task for their business accountant, this six-step guide can help you lodge your business tax returns.

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The Essential Guide to Small Business Tax Deductions

There are a variety of deductions that small businesses can take during tax time.

Taxes for a small business are unavoidable, but that does not mean your struggle to understand the ins and outs is also unavoidable. Our expert small business accountants have prepared this guide to offer you the information you need to get your taxes sorted and filed painlessly come tax time.

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Do I Need an Accountant for My Small Business?

One of the most important decisions you’ll make when starting out is whether or not to hire an accountant.

Many owners of small businesses wonder if they need to work with a business accountant. Some are convinced that they can handle their taxes on their own. Others are on the fence. Shifting the burden of doing taxes sounds very attractive, but you may wonder if you are too small to need an accountant. That is why we’ve prepared this handy blog to answer all of your questions.

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Improving Financial Reporting Accuracy

Financial reports are key in providing an objective, accurate picture of a company’s financial state.

Updated 19th June, 2023.

Getting your financial reporting correct is crucial. However, not everyone is a business accountant, and it can be hard to understand what this means or what to include. Read on below for more information regarding what financial reporting is and how to ensure accuracy.

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Planning a Business Exit Strategy

An exit strategy is a contingency plan for a person to exit a business in the event that it meets a substantial profit, or becomes no longer profitable.

Whether you have inherited a family business, bought your company, or built it step by step from the ground up, there may come a time when your journey with your company has reached an end. That is why our business accountants have prepared this handy guide for planning your business exit strategy.

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