Accurate financial reporting is an essential aspect of running a successful business. Companies are obliged to maintain appropriate financial records that accurately record and explain their transactions and financial performance. These records should allow for the preparation of “true and fair” financial statements that can be audited. What financial records should be kept? Under section 286 of the Corporations Act...

Starting a business is hard. Growing a business is harder. But hardest of all? Surviving and thriving for the long-term. A disruptive idea or a great business model won’t hold up forever in the face of competition, economic shocks or disruption. So, how can your business remain resilient for the long-term? Foster innovation and adaptability Remaining agile and adaptable is...