Xero Global has announced the retirement of its Pay Run feature in the Global Edition — and here’s what you need to know: Xero is shifting its focus to region-specific payroll solutions, designed to better support local tax, leave, and compliance requirements. This means the Global Pay Run tool, which wasn’t built for markets like […]
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KTK Accountants & Advisors, one of Papua New Guinea’s leading professional services firms, proudly announces the appointment of Loata Qarau Mow as Partner — the first Partner outside the founding team and at just 35 years old. The announcement coincides with the firm’s 12th anniversary, marking a defining milestone in its history. Loata’s appointment is
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CPA Australia Asia-Pacific Small Business Survey 2024-25 was conducted by Certified Practising Accountant (CPA) Australia in November and December of 2024, to explore the economic trends of 2024 and forecast the trends for 2025 within the Asia-Pacific region. It was based on data from 4,236 small businesses across 11 markets: Australia, Mainland China, Hong Kong,
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“Securing PNG, through assisting families with cost-of living pressures, with a K2,322m household assistance package, including removing GST, at the supermarket checkout on 13 essetial items.” “The 2025 Budget projects a deficit of K2,949.3m. This results from a total revenue & grant projection of K25, 408.0m & a total expenditure & net lending of K28,357.2m.”
2025 National Budget: Securing Papua New Guinea in 2025 and Beyond Read More »
Keeping on top of your accounts is a big part of running a successful and profitable business. But you don’t want to spend ALL your time dealing with accounting tasks, especially when that time be spent building customer relationships, or developing new products etc. So, how do you keep your finances in check, while also
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On the evening of April 2nd, 2023, KTK Accountants & Advisors celebrated their 10th year anniversary at the Hilton Hotel in Port Moresby, Papua New Guinea. The event was attended by clients, staff, and family members, who all came together to commemorate this important milestone for the company. The festivities were kicked off by Master
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Small businesses often need help with accounting and finance management, especially in their early stages of operation. Accounting mistakes can lead to financial losses, penalties, and even legal consequences, which can be detrimental to the growth and success of any business. In this article, we will discuss ten common accounting mistakes small businesses make and
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As a business owner, understanding your financial statements is critical to managing your business effectively. Financial statements provide an overview of your business’s financial health, including your income, expenses, assets, and liabilities. In this article, we’ll provide a guide to understanding financial statements for business owners. The three main financial statements that every business should
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As a business owner, one of the most important things you can do to ensure the success of your business is to keep on top of your cash flow. Cash flow is the lifeblood of any business, and without it, your business could be in serious trouble. In this article, we’ll discuss some tips for
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