Cultivating a small business beyond its initial customer base can be very challenging. These are some things you can do to grow customer base and your business income. Get to... read more →
Signs of growing revenue and profits are ones that indicate your business is succeeding. This does not reduce the importance of continually making small changes that will improve profitability of... read more →
Businesses should review their yearly financials and aim to create a budget which reflects any adjustments that need to be made. Gaining a good understanding of your revenue is the... read more →
At the end of the year, it is important for businesses to set time aside to reflect and ensure a strong finish and a fresh start. • Review last year’s... read more →
The end of the year is an excellent time to review the year and start preparing for changes that could be useful in the future. Review your documentation Utilise this... read more →
The government recognises that despite support to get through the COVID-19 outbreak, not all businesses are going to remain viable. Many small businesses will have significantly increased levels of debt... read more →
A question that I often get asked is "what type of business structure should I have?" It's an important decision to make before you start a business. This will reflect... read more →
Sustaining your business during an economic downturn comes with financial and managerial pressures you may never have had to deal with before. The following are four key measures you can... read more →
A super guarantee amnesty was introduced on 6 March 2020. Employers participating in the amnesty need to apply by 7 September 2020. The ATO's ability to identify underpaid Super Guarantee... read more →
As our economy heads towards a recession, now is the perfect time to conduct a business ‘health check’ so that you come out the other side improved and ready to... read more →
Most businesses have now determined their eligibility for the JobKeeper payment, but with the scheme about to commence, the questions are turning to what steps are next to administer the... read more →
A framework to help business owners to see their situation through a different lens and move upward. MELTDOWN. If you need to have a meltdown, do it. Negative emotions will... read more →
Thousands of small businesses across NSW struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme announced today by Premier Gladys... read more →
The Australian Taxation Office (ATO) issued a special edition Business Bulletin yesterday, 16 March 2020, which contains information about how the ATO can support your business during the COVID-19 crisis.... read more →
With the recent bushfires devastating many parts of Australia, it is not a top priority to be thinking of tax obligations, either personal or business related. In the event that... read more →
The business deals you make or don’t make can drastically change the course of your company, so it is important that you enter negotiations well prepared. Research: Have a well... read more →
The end of year period is a busy time for everyone, not just at work but preparing for the holidays and the New Year. For retailers, a large portion of... read more →
The taxable payment reporting system (TPRS) has extended to further businesses that provide particular services or pay contractors to do so. The extension was approved on 1 July 2019. Road... read more →
How often do you give your business finances a tidy-up? As another end-of-financial-year rolls by, now is a good time to undertake a bit of housekeeping. The stresses of running... read more →
Single Touch Payroll (STP) is changing the way employers report their workers’ tax and super information to the ATO. Employers are expected to report information on a variety of areas... read more →