For many small businesses, if you aren’t giving yourself time to prepare for potential opportunities and/or issues, then you won’t be able to jump to action to resolve them when the time comes. As the old saying goes, “failing to plan is planning to fail”....
We think the beginning of a new year is the perfect time to delve into your business’ financial closet and give it a good, clean, fresh start for the year ahead. A financial re-vamp can improve a business’ efficiency, growth and profitability...
When staring a new business, one of the biggest and most crucial decisions you will make is the business structure. The type of structure you set up for your business can depend on several factors, including the size of the business, employee requirements, market and...
Being a Tradie in Australia has its ups and downs. On one hand, you get to work outside in the fresh air all day, and on the other hand, you have to work outside all day...
The Australian economy relies heavily on its agricultural industry and with an uptick in performance over the past 12 months, the outlook for 2017 to 2018 is also looking good. In fact, the Australian Department of Agriculture and Water Resources (ABARES) has predicted that the...
Many people who rent out a room or property on Airbnb don’t realise that the money they receive is considered as extra income by the ATO. This means that you will have to declare this income when you do your yearly tax accounts and depending...
When tax time rolls around, you have so much on your plate that it’s hard to remember every little piece of information you need to disclose or prepare for your tax. There are so many aspects of your business that can be affected at tax...
One of the biggest problems for a small business is cash flow, which means that you need to keep your accounting and finances up to date. It is no secret that many businesses fail simply through a lack of capital, leaving them floundering with a...
All small businesses, no matter what industry, want to claim as many deductions as possible. After all, you pay so much tax during the financial year, you may as well claw back as much as you can from your business expenses. When doing so, it’s...
Many company owners will agree that finding a good accountant is fundamental to the success of your business. Without this type of expert help, you will have to collate all of your business tax financials yourself and spend extra time at work when the EOFY...