Should I Use an Accounting Software in My Business?
Keeping yourself organised is always a good idea. Your business cash flow needs to be well organised for your ease. When the tax season is around the corner, all business owners start collecting and arranging their tax data differently. Some bring up piles of receipts or expenses’ slips or a list of revenue and expenses […]
Should I register my business for GST?
The goods and services tax, known as GST, is a broad-based tax charging 10% on goods and services sold in Australia. This tax affects businesses regarding their revenue. As a businessman, it is your responsibility to get your business registered for GST in three situations. Your business’ income is $75,000 or more. It is advised by […]
How Can I Become Paper-Free With My Business Finances?
Businesses are spending immense time and money on paperwork. Although analysts have been estimating paperless offices for over two decades, yet paper production increases every year. In many businesses, there is a possibility to get rid of paper. Digital documents are much more simple, easy to store and send, easy to find and more versatile […]
How A Succession Plan Can Help You And Your Family
No matter how smooth things appear, every field of life faces obstacles, challenges and tasks that must be dealt with according to the best possible solution. Succession planning is an integral part of doing any business, no matter how certain and promising your future appears. With the modern contemporary business market evolving every second it […]
When Should I move from a Sole Trader to a Company?
A common question that comes into every sole trader’s mind, especially owners of small businesses, is ‘when they can take a step forward and form a company.’ This decision is an important one and needs to be done when the business is at the right stage. There are certain factors that you need to consider […]
Does Your Business Have A Clear Direction?
Are you thinking in the right direction? Is your vision shiny and clear about how you need your business to run and flourish in the future? Am I taking the right step? Is it going to be a profit deal or a loss one? All these questions along with numerous others come into the minds […]
8 Reasons Why You Should Know the Value of Your Business
Since the beginning of time, man has thrived for a prosperous lifestyle, making sure all his needs and necessities are fulfilled accordingly. In this race of improvement and betterment, he has looked for opportunities in all walks of life and in all dimensions. This struggle ultimately led him to the realisation point where he understood […]
2017 Federal Budget- Breaking it down
So another Federal Budget was handed down last night, and on the big scale of things, has left many things untouched. The good news? Business can continue as normal without having to get their head around yet more changes. So let’s review the changes: Company tax rate As promised last year, the government is committed […]
2017-18 Tax Planning Starts Now
There are 5 key things all business owners must consider right now. Some of them are brilliant wealth creation ideas. Please read on… 30 June will be here before we know it. Let us help you get the most out of the upcoming months. Too often, we end up suffering because we have procrastinated and […]
How to get the most from your Accountant | Part 2
The best accountants add value to your business – here’s how to make sure your accountant is ticking all the boxes. Here is our promised final 5 of 10 tips for getting the most from your accountant while managing the cost of their service. These are important issues to address. Your accountant can make a […]
