Under new changes to the Corporations Act 2001 (Cth) and the Treasury Law Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth), Australian company directors are now required to verify their identity through a new director identification number (director ID) requirement. These changes came into effect on 1 November 2021. What is a director ID? A director ID is a...

The COVID-19 pandemic has created some of the most challenging circumstances modern businesses have ever faced. From economic uncertainty, to navigating lockdown restrictions, businesses have had to quickly adapt and pivot to survive. The conditions have intensified some of the more common accounting challenges businesses face. Here’s how you can approach these challenges and find solutions. Cash flow bottlenecks Cash...

One of the best strategies to ensure your business is generating predictable revenue is to develop a recurring revenue stream. Under this model, the customer or client is billed at a predetermined interval (for example monthly), often at a fixed price, in return for regular and ongoing access to products or services.  Examples include subscriptions for streaming such as Netflix...

Our team at Keeping Company work with a diverse set of clients in both industry and size. One of the dividing differences between overall performance we have noticed, is the level of sophistication in their financial insights and planning. This highly correlates with the presence of CFO services or lack thereof. Without comprehensive financial insights and governance it can be...

How to raise venture capital or private equity Every business will reach milestones in their life cycle where they will need to source capital. Start ups or early stage businesses will require capital to get their business off the ground. Most businesses seeking to expand will require capital to source people, technology, product or equipment. More established businesses which are...

One of the most positive experiences I had in 2020 alongside my business partner, Tim Wearne, was connecting with Food Futures Company and being invited to participate as mentors in their Native Ag+Food Ideas 2 Business Program.   Who are Food Futures? Food Futures Company is an Australian based ag+food innovation ecosystem design firm. They work globally with researchers, corporates,...