Accord Insights

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Highlights

Busy but not more profitable? Here is why

For many business owners, rising sales feels like proof that the business is moving in the right direction. More jobs, more customers and more turnover usually sound like good news. But higher revenue does not always mean higher profit. We regularly see businesses working harder, turning over more, and still feeling pressure on cash flow. In many cases, the issue is not a lack of sales. It is margin leakage. Costs creep in, pricing falls behind, discounts become habitual, or

Tax

David Tilley

Mar 27

Student loan debts: what you need to know about the latest changes

If you are one of the more than three million Australians with a student loan, there is some welcome news. The Government has introduced a significant one-off reduction to student loan balances, along with changes to how compulsory repayments are calculated. For many people, these updates could reduce their overall debt and lower their annual repayments going forward. The 20% debt reduction: how it works A 20% reduction to eligible student loan balances is now being applied

Tax

Josh Tilley

Feb 2