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 but a lower total cost. Owning an […]
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 financial decisions with a better view […]
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 revenue stream. So it’s up to you […]
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) for some time as part of the National Employment […]
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 and financially. When a company is up […]
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 finance The digital age has revolutionised how […]
Superannuation Rate Rises in July to 11%
In July 2023, the superannuation guarantee statutory rate rises to 11%. Annually, the rate is increasing by 0.5% until July 2025, when it will reach the legislated 12%. Prepare Now for the July Rate Rise If you’d like help reviewing payroll costs and employee agreements, talk to us now, and we’ll make sure you have […]
Hit Tough Times? Keep your Cashflow Strong
Small businesses are particularly vulnerable in tough economic times. How can you keep your cashflow strong? When sales are slow, overheads and salaries still need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive. Ensure you have a clear picture of your payroll […]
International Business in Australia – When to Register for GST
Does your international business make sales in Australia? You may need to register for Australian goods and services tax. Like many countries, Australia charges a goods and services tax (GST) on most products and services sold within Australia. Australian GST is a tax of 10% added to the price of goods and services. Any business […]