Outsourcing: Could it Help your Business?
Outsourcing: Could it Help your Business? When you run a small business, the amount of work can ebb and flow. Unexpectedly busy periods can create too much work and stress for a small team or one-person business. But if a surge is seasonal or unreliable, you don’t necessarily want to commit to taking on another […]
Buy or Lease? Business Plant and Equipment
Buy or Lease? Business Plant and Equipment When your business needs new plant or equipment, what’s the best choice – buy or lease? The answer will depend on your circumstances, but the following considerations can help you weigh the options. The advantages of buying Buying gives you certainty and ownership at a higher upfront price […]
Cashflow Forecasting: Get Back in Control
Cashflow Forecasting: Get Back in Control We all know that positive cashflow is the beating heart of any successful business. And with so many external pressures on your cash right now, it’s important to have one eye on the future. Cashflow forecasting is an increasingly important tool for any finance team. You can make well-informed […]
Tax Offsets Have Expired: Are You Affected?
Tax Offsets Have Expired: Are You Affected? What is the $1,500 low and middle income tax offset (LMITO), and how will it affect my tax return in 2023? As you may have heard through various news channels and articles, millions of Australians are due to feel a sharp increase in their taxes which will result […]
Applying for a Business Loan? Here’s How.
Applying for a Business Loan? Here’s How. Need some extra cash to take your business to the next level but daunted by the loan process? You’re not alone. There’s a lot of paperwork and number-crunching involved. Before you start, remember that banks want your application to succeed, as the interest you pay is a vital […]
Family and Domestic Violence Leave: New Rules
Family and Domestic Violence Leave – New Entitlement Rules Employees of non-small business employers can now access ten days of paid family and domestic violence leave over a 12-month period. From 1 August 2023, employees of small businesses can access the leave. Employees have had an entitlement to unpaid family and domestic violence leave (FDVL) […]
Are you Building Goodwill in your Business?
Are you Building Goodwill in your Business? Goodwill in accounting refers to the intangible value that a company can hold, above and beyond the pure financial value of its assets. This covers brand reputation, intellectual property, and external and internal relationships. A business that can show its goodwill in the marketplace is worth more– intangibly […]
Digital Bookkeeping: Have you made the change?
Digital Bookkeeping: Have you made the change? Keeping up-to-date records of your business transactions isn’t the most glamorous part of being an entrepreneur, that’s for sure. But, in reality, having accurate and up-to-date digital bookkeeping is one of the core ways to control your finances (and your business). Digital bookkeeping is the future of your […]