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accounting Tag

KMT Travel Diaries: Kathy visits Hungarian Wine Region

KMT Partners ‘Chair and Consultant’ Kathy, along with husband Toni are on a wonderful European summer holiday. Kathy and Toni plan on spending a great deal of time in Kathy’s native Hungary. Kathy has checked in with an update on their recent foray into one...

8 Tips to Raise Financially Savvy Kids

Are you raising your children to be financially smart?   We’re living in a time where most financial transaction is cashless - as of June 2019, there are 19.1 million credit card accounts which accounts for almost 76% of the entire Australian population.   The prevalent use of bank...

Painful Piles of Paperwork

TAX TIME, TAX TIME, TAX TIME! If you haven’t been keeping tabs throughout the year, pulling together your paperwork may be a bit of a challenge. No matter how hard, "nothing is IMPOSSIBLE, even the word itself says it’s POSSIBLE!" Plus the team at KMT would...

TaxWise Business Newsletter – May 2016

Please click the attached link for the Special Budget Edition of: "TaxWise Business News - May 2016"   TaxWise Business News is a quarterly bulletin, which will keep you updated on important tax matters that may affect you or your business. In this Edition: Budget measures affecting individuals and families Small business measures Changes...

Is Accrual Accounting Actually Accurate?

Accrual accounting seeks to temporally match expenses to revenues. That is, it corrects for time differences between when the cash from revenues is actually received by a business and when expenses are paid out by that business. For example, in selling a product, firms frequently pay out...