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Changing careers is a big decision in life. It can be both exciting and intimidating. Changing careers has financial ramifications that should not be disregarded, regardless of your goals—better work-life balance, increased income, or increased personal fulfillment. A sound financial plan is essential if you're based in Camberwell and thinking of changing careers to make sure it goes smoothly and lasts. Let's talk about what you should know and how expert advice can be beneficial.   Why financial planning matters when changing careers A career change may sometimes cause short-term income loss, expenses for retraining or further education, and modifications to your long-term financial objectives. You might find yourself in financial strain when you need clarity and confidence if you don't have a clear plan. Financial planning is helpful in every stage, whether you're starting your own business, switching to a new industry, or leaving a full-time job to freelance. This he...

If you’re running a construction business in Australia, you probably realize that keeping your finances in check is more complicated than in other industries. From tracking job costs to managing cash flow and processing payments, construction accounting is a whole different ballgame. At DFK BKM, we provide specialized accounting services designed specifically for the construction industry. In this blog, we’ll explore what sets construction accounting apart and why having the right support can make a difference. What is Construction Accounting? Construction accounting is a unique branch of accounting tailored specifically for the building and construction industry. It covers all the typical finance processes, like keeping track of income, expenses, and taxes, but also includes some industry-specific aspects such as:- Project base work Progress billing- Equipment costs Subcontractor management These additional elements make construction accounting more intricate than standard business a...