Financial Management

Part 2 of the smartAR Blog series moves on from historical observations to looking at modern themes that will make living with inefficient accounts receivable more difficult.

The end of a financial year is an excellent time to check in on your personal finances to see whether there are simple and easy changes you can make to better secure your future.  The good news is that there are often relatively easy and quick things that can be done that can increase the likelihood of living the life you want in retirement for both yourself and your family.

smartAR Group Managing Director Dave Birch explores ‘Why Law Firms Aren’t Paid on Time’ in Part One of this three-part series for firms in the legal industry.

See how legal firm, Mullins Lawyers used Sale and Lease Back to strategically inject cashflow into their business, whilst keeping their IT assets up to date with help from Maia Financial.

Learn how legal firm Hunt & Hunt used operating leases to cost-effectively acquire new IT assets, help their business maintain cashflow – and keep technology up to date.

In support of the day and this year’s theme, on 8 March we are all encouraged to “Imagine a gender equal world. A world free of bias, stereotypes and discrimination. A world that's diverse, equitable, and inclusive. A world where difference is valued and celebrated. Together, we can forge women's equality. Collectively we can all #BreakTheBias.”

Stapling is the prevention of unintended multiple accounts (otherwise known as “stapled funds”). Simply put, this means that an employee’s superannuation account will stay with them when they change employers. If an employee changes jobs, their new employer is required to pay Super Guarantee (SG) payments into the employee’s stapled fund unless the employee completes a ‘Choice of Fund’ form nominating a different super fund. If an employee does not have a stapled fund (for example, when an employee first enters the workforce) and does not make a ‘Choice of Fund’ selection, the employer may make the SG payments into an account set up with the employer’s default fund.