Financial management

The RSM Financial management team has expertise to help make your business better off.Every balance sheet tells a story. Every P&L describes your business in exquisite detail - for those who have the eyes to see it.

Now, thanks to deep analytics and powerful financial information processing, we can not only run an exact ruler over your business, but model the financial implications of multiple decisions and scenarios.
Algorithms and data wrangling can only take you so far - it’s the ability to take that information, turn it into insight and actions that reduce risk, increase efficiency, improve processes and deliver profit that really matters.

Whether you want to access capital, manage cash, plan for and minimise your tax obligations, reduce financial risk or develop meaningful reporting that improves your decision making, our financial management expertise can help make your business better off.

Mandatory Director ID Numbers

Mandatory Director ID Numbers

What is a Director ID? A Director identification number (Director ID) is a unique identifier you need to apply for once and will keep forever. It will help prevent the use of false or fraudulent director identities.
The End of Bed Licenses – A game changer for the Aged Care sector?

The End of Bed Licenses – A game changer for the Aged Care sector?

From 1 July 2024, the Australian government will abolish bed licenses and the Aged Care Approvals Round (ACAR) process in response to the recommendations of the Final Report of the Royal Commission into Aged Care Quality and Safety (Royal Commission).
Business and Finance Spotlight Webinar

Watch the Recording: Business and Finance Spotlight Webinar | 12 October 2021

In this Business and Finance Spotlight hosted by RSM Partner Nadine Marke, we hypothetically adopted an aviation theme and explored the journeys of businesses and individuals who have navigated headwinds to thrive. We heard the story of Flight Centre, from Chairman Gary Smith - how the $19 billion dollar business, founded by two vets from Queensland in the early 1980s and today has more than 30 brands. We also spoke to dual Olympic gold-medal swimmer and world champion Bronte Campbell OAM about the daunting flight she’s been on as she opened up about her time at the Tokyo Olympics, her third Olympics. We finished with a candid presentation from experienced former CFO and now RSM Partner Craig Amos who has taken many companies through transformational journeys – he shared lessons he’s learnt from taking calculated risks.

Support for the Victorian Building Industry

With the Victorian Building Industry re-opening this week following its two week COVID shutdown, the Victorian State Government has recently announced a support package for affected businesses in the form of one-off cash grants. 
Support funding available for WA tourism operators

Support funding available for WA tourism operators

WA Tourism and Travel Agents Support Fund 2021 The WA Tourism and Travel Agents Support Fund 2021 was announced by the WA and Federal governments on 22 August 2021.

Crypto assets continue on their fast-paced evolution

During the last couple of years, crypto assets have evolved and new players continue to appear in this space, while others - like the Libra from Facebook - appear to have vanished before their debut.
Mundane compliance work, or key to a successful business?

Mundane compliance work, or key to a successful business?

What is the key to a successful business?
Using digital farm finance to future-proof your farm

Using digital farm finance to future-proof your farm

The gross value of agricultural production is expected to reach a record of over $66 billion in 2020–21 according to the Department of Agriculture, Water and the Environment.
Farm Management Deposit (FMD) or Prepay Plus product?

Farm Management Deposit (FMD) or Prepay Plus product?

In recent years, we’ve noticed our clients’ shifting appetite for putting money in Farm Management Deposit (FMD) accounts, in favour of relatively new prepayment products such as the Prepay Plus offered by Nutrien Ag Solutions (Nutrien).
Make hay while the ‘cashflow’ sun shines

Make hay while the ‘cashflow’ sun shines

Have you got good cashflows coming in and ultimately, what are the best ways to use this cashflow?
New COVID-19 Support Package for South Australia - Shopping Center

Small business COVID-19 support package for SA

The SA Government, in conjunction with the Federal Government, has announced a new $100 million COVID-19 Business Support Package.

Small business COVID-19 support grant for NSW

The NSW State Government, in its efforts to reduce the spread of COVID-19 in the community, has imposed further lockdowns and restrictions on Greater Sydney.

Future Farmer Webinar Series | April - June 2021

Empowering South Australian farmers to navigate the complex business world.
Changes to Compulsory Super Guarantee Payments

Changes to Compulsory Super Guarantee Payments

As part of Australia’s superannuation system, employers are currently providing superannuation guarantee of 9.5% under Superannuation Guarantee (Administration) Act 1992 (Cth).
medical practice owners

COVID-19 stress testing medical practice owners

It’s been a challenging 12 months for people in the medical field. Amid a health crisis, they have stood strong on the frontline and bravely put themselves in situations that most people would go to great lengths to avoid.
Budgeting

Effective Budgeting for agribusiness

With harvest rapidly ending, attention is turning to the next phase in the farming business operation, planning for the next season. A good way to start planning is to prepare your budget for the coming year!
Cashless Transactions: The Way of the Future?

Cashless Transactions: The Way of the Future?

Selecting and implementing the right technology in your business can be overwhelming and confusing. As technology continues to advance, the choices become endless and it is understandable many businesses choose to throw it in the ‘too hard basket’ and continue doing business the way they have done in the past.
Dairy farmers

WA Dairy Farmers Funding

In good news for Dairy Farmers, funding is now available through the WA Farmers Dairy Industry Fund and the Woolworths Dairy Innovation Fund.
success

What is your success?

What does success look like for you? Is it as simple as just getting through the season with the bills paid, or is your road map for the future a bit more complicated? How long do you want to work or need to work?
ASIC

ASIC further extends financial reporting deadlines

ASIC has extended the relief under which it is offering entities an additional month to lodge their financial reports.  Having previously allowed a one-month extension for 30 June year-ends, ASIC has now provided the same relief for all balance dates up to and including 7 January 2021.
Fidem Property Group

Case study: Fidem Property Group

Fidem Property Group (Fidem) is a medium-sized property and construction company based in Sydney. Founded in 2009, Fidem delivered a variety of projects in the North-Western corridor of Sydney before establishing a dedicated construction arm in 2017 working with private and commercial clients. Emmanuel Ghobrial, Fidem’s Development Manager, started the business with his brother Michael to leverage each of their unique skillsets and build upon their experience within the sector.
Five questions to ask BEFORE a SMSF property development

Five questions to ask before an SMSF property development

With rapidly declining rental vacancies and lower numbers of properties for sale in Western Australia, property is once again becoming a topic of interest, and the ever-popular question is coming up once again:
Succession Planning

Succession Planning tips for farming families

Succession planning for farming families can be quite daunting and there certainly are some horror stories on how it can spiral out of control. The flip side is succession planning can be a very rewarding process for all involved if tackled with goodwill and respect.
Rental property FAQ's and common issues tackled

Rental property FAQ's and common issues tackled

During these uncertain times of COVID-19, some clients have used the time to assess their finances and plans for the future.
Strong Alliances the key for allied health today

Strong Alliances the key for allied health today

On face value, you may assume that the health industry is one of the few to financially benefit from the current global pandemic. Whilst this is true in some cases, the realities are a significant portion of income comes from planned procedures in this industry.
Risk assessment, strategic planning, innovation – What does the future of higher education look like in the face of COVID-19?

The future of higher education in the face of COVID-19

Risk assessment, strategic planning and innovation – What does the way forward look like for the tertiary education sector in the face of COVID-19? Without question, the higher education sector in Australia has been heavily impacted by COVID-19.
RSM’s multidisciplinary Family Law Support team are experts in untangling the financial web in family law matters.

Case Study: Untangling the financial web

Understanding financial statements and their underlying supporting documents can feel like interpreting a foreign language, but they contain a wealth of important information for property settlements.
Superannuation Guarantee Amnesty

Still Time to Act - Superannuation Guarantee Amnesty

Time is running out to make any voluntary employer superannuation contributions to the ATO, under the Government’s Superannuation Guarantee Amnesty. The deadline for the submission is 7 September 2020, with no further extension possible, under the legislation.
Ethical investing is part of a broader approach to ensuring a sustainable future for generations to come.

Ethical investing with a clear conscience can be very profitable

Global coverage and media attention on climate change had fallen 59% in early 2020 at the outset of the Covid pandemic, does this mean climate change was 59% less of a problem? Obviously not...
Scott Morrison has recently announced the introduction of the new HomeBuilder program.

Are you eligible for the new HomeBuilder program?

In an effort to support jobs in the residential construction sector, Scott Morrison has recently announced the introduction of the new HomeBuilder program.
COVID-19 has had significant impacts on the work of independent experts.

The impact of COVID-19 on the work of independent experts

The significant volatility in local and global equity markets over the last few months clearly demonstrates the impact that COVID-19 is having on Australian companies.
The Substantial Increase in Turnover Test has differing views on how the test may be applied.

Demystifying the substantial increase in turnover test

The legislative instrument and associated guidelines around the alternative decline in turnover tests that can be applied by an entity in order to qualify for the JobKeeper scheme have recently been released.
Potential JobKeeper Payment Implications of COVID-19 transfer pricing issues

COVID-19 and transfer pricing issues: Potential JobKeeper Payment Implications

COVID-19 has had a very adverse impact on the cash flows of many Australian businesses, who will be looking closely at the JobKeeper Payment regime and whether their turnover has declined by the requisite percentage. 
Transfer pricing issues of COVID-19

COVID-19 and transfer pricing issues: Financing

COVID-19 has had a pervasive effect on business and one of the most salient is its impact on a company’s cash flow and funding arrangements.
Early Release of Super

Early release of Superannuation - short term gain for long term pain?

The Stanford Marshmallow experiment - a widely published psychological experiment, place a child in a room with a single marshmallow, promising them that they will get another marshmallow if they do not eat the first one for an unknown amount of time (usually between 10 and 15 minutes).
The Aged Care Industry has received new government funding for COVID-19

New COVID-19 funding announced for the Aged Care Industry

The Federal Government has announced new funding for the aged care sector to support staff retention in residential aged care and to assist with the viability of aged care facilities, as the sector continues to support the nation’s elderly during the COVID–19 crisis.

Assisting commercial tenants with the impact of COVID-19

With the recent release of the Mandatory Code of Conduct (the Code) governing commercial leasing arrangements, landlords and their tenants are required to engage in good faith negotiations in respect of rental reductions in the form of waivers and deferrals to help mitigate the financial stress and hardship s

Assisting commercial landlords with the impact of COVID-19

With the recent release of the Mandatory Code of Conduct (the Code) governing commercial leasing arrangements, landlords and their tenants are required to engage in good-faith negotiations in respect of rental reductions in the form of rent waivers and deferrals to help mitigate the financial stress and hardsh
Is it time to update your business systems?

Business has changed again - is it time to update your business systems?

Many businesses were planning to put 2019 behind them and were looking forward to 2020 with some optimism.  However, with the impact COVID-19 being felt by all, the first quarter of 2020 has not gone to plan.
$1,500 'JobKeeper' payment - Further support to businesses to retain workers

$1,500 'JobKeeper' payment - Further support to businesses to retain workers

The Federal Government announced on 30 March 2020 further support measures for businesses and individuals impacted by COVID-19.  The JobKeeper payment for eligible employers will be effective from 30 March 2020 and delivered through the tax system. 
Debt free, cash free transactions

Debt free, cash free transactions – the devil is in the detail

Most private M&A transactions are undertaken on a debt free, cash free basis. This means the vendor pays out any debt at completion and keeps any remaining cash in the business (typically by way of a pre-completion dividend).

Further Drought Support Announced by the Federal Government

The Federal Government has announced avenues of support for Drought-affected farmers and businesses.

Farmers and Communities to Receive Further Drought Relief Funding

Drought-affected communities and farmers will get an immediate cash injection, with the Federal Government promising a new $100 million drought relief package.

Superannuation Legislation for High Income Earners

The Government has passed superannuation legislation for high income earners (with income exceeding $263,157 per annum) which allows employees with more than one job to choose not to have the 9.5% superannuation guarantee paid by all their employers.

Asset protection vs tax optimisation

In business, there are many risks that are simply out of your control. This thinkBIG report takes a closer look at one of the great conundrums for owners of small businesses - the balance between asset protection and tax optimisation.

Market Update with William Keenan from Lonsec

Identifying new stock market opportunities in 2017 Whether you are a beginner investor, learning the basics of investing in the stock market or a long-term stockholder,  investing in financial stock markets can be worthwhile, but are often hard to predict, especially in our current financial climate.

Liquidity a problem? Give your business a health check !!

Companies relying on historically low interest rates to mask their true capacity to pay bills when they fall due, need to seriously address debt serviceability once the official cash rate starts moving higher which some will say will occur in 2017.
Local firm merges with our RSM Wagga Wagga office

RSM Wagga Wagga Merges with Local Firm

It’s a time of growth for the local Wagga Wagga office of RSM Australia, who is merging with JP Pallister & Associates as of 1 July 2016.

Case study: Hutcheon and Pearce

The global population is expected to total more than 9 billion by 2050 and farmers will need to double their agricultural output while using the same amount of land, water and other resources. This challenge is one that General Manager of Hutcheon and Pearce, Arron Hutcheon, is ready to play a part in.