McAdam Siemon : Accountants and Business Advisors

"Never Say Never" - Worrells' golden rules to avoid insolvency
Insolvency simply means the inability to pay your debts as they are due, and in today's increasingly challenging economic environment, its prevalence is on the rapid increase.  Business insolvency is basically defined in two different ways - cash flow insolvency (unable to pay debts as they fall due) and balance sheet insolvency (having negative net assets, in other words, your liabilities exceed your assets).

Preparing for the rollercoaster ride - A Strategic Plan can help.
Standards and Poors has downgraded America's AAA Credit rating, local and international markets are volatile and easily spooked, picking changes in interest rates is more akin to crystal ball gazing, the carbon tax is coming, consumer sentiment remains tight and no one is feeling particularly confident.  Welcome to the 2011/2012 financial year.

McAdam Siemon's Supplier Program - are you in the know?

In the midst of challenging economic times, McAdam Siemon is proud to introduce a new initiative which will directly benefit our clients and associates.  McAdam Siemon's Supplier Program connects our clients and associates with each other for the purpose of relationship-building and cost savings.

Via our confidential, member-only online community, the program introduces clients and associates to a McAdam Siemon supplier community that can plug into your existing supply chain or replace suppliers in a given skill set.  Special service rates and discounts are offered by every supplier, bringing real value to the new business relationships that the program will help facilitate.

"Looking to sell your Management Rights complex? Is your complex ready for sale?

Browse the words of advice from our Management Rights Accountant Sam Hodgetts CPA, to make sure you're on the right track.

1. Purchasers are becoming increasingly wary of any issues found during the financial verification process. Small issues that may have been overlooked by purchasers are now being scrutinised heavily, and in many cases can end in contracts being terminated.

When it comes to Management Rights, here are the two questions I'm frequently asked by purchasers looking at a complex: "Is this a good deal?" and "Is the multiple correct and am I paying too much?"

Follow these five simple tips and you'll be closer to determining if you're onto a good thing:

1: My view has always been that the market will dictate the multiple. I am not a valuer and as such multiples are not my area of expertise however, my advice is that you must look at your purchase from a variety of angles in order to determine if it's a great deal or a lemon. Each case is mutually exclusive and should be treated as such.

Facebook, Twitter, LinkedIn, blogs....Social media has taken over as one of the most powerful business marketing tools in the world, and any business (no matter how big or small) that doesn't have a grasp on the basics, should definitely get in the know.

Social media does two very powerful things for business: it connects audiences with brands, and people with services. In fact, it has the potential to do more for a business than any paid-for advertising campaign.

On the other side of the coin, done poorly or without proper thought, it can be a risky venture. But it's a risk worth taking, as opting out of the social media world leaves a business exposed to their competitors who - right now - are connecting with customers and promoting their services online. You either get online or get left behind.