Cashflow
As your small business expands, you may want to look into new accounting software to keep up with the growing number of invoices, bank transactions and other everyday accounting tasks you are bound to face. But most accounting software in the market includes features you won’t need or ever use.
We’re moving away from the days when we could have completely separate and siloed systems for the different areas of our business – like accounting, operations, online and in-store. The future is all about connectivity.
More Australians are encouraged to venture into the SMB world and are on the lookout for savvy business advice. Here are 5 must-know tips.
An individual earns income, pays income tax and then pays expenses with what’s left. A business basically pays for expenses with pre-tax dollars whereas an individual pays expenses with post-tax dollars.
As easy as it might be now to juggle a full-time job and work as a freelance writer in your spare time, you may not have considered the tax implications – a mistake that can leave you out of pocket for several thousands of dollars when your tax bill comes in.
Nobody understands the pressures you face on a daily basis and the threats and challenges you have to overcome to succeed. You might say it’s a bit like being a superhero.
The concept of working to live rather than living to work reigns true in many people’s minds and issues like limited work-life balance, unsatisfactory pay and lack of development opportunities become big reasons why staff leave.
For all of the well-known entrepreneurs, there are many who take too great a risk, only to fade into insignificance, never to be heard of again.
Three-quarters of small business employees, and not to mention the majority of freelancers, maintain an office in their home. But a proper workspace at home doesn’t come cheap.
With the end of the financial year behind us now is the time of year to come up with resolutions, especially for small to medium sized enterprises.
Everyone has the same frustrations – it’s always about being exhausted with no time, having no team or a dysfunctional one, and seeing no profit. But did you know that turning your business around starts with you?
The recent budget has given small businesses a lot to think about, and it’s no wonder some are struggling to prioritise what needs to be done in the next couple of weeks.
While the $5.5 billion package has been well received, the questions facing Australia’s two million-plus small business owners are two-fold: what does it mean for me and what to do with the incentive?
Sage One is aiming to disrupt the cloud accounting market with a competitive solution aimed at Australia’s small businesses and accountants.
It’s crucial small business owners use this time to take stock and analyse the business to try and find small opportunities or improvements that could be made, and make a strong plan for the year ahead.
If you are a contractor or tradesperson, you’ll know that your insurance needs are a little different to those of standard white collar workers.
Nothing new about the ‘doing more with less’ strategy, but what happens when a business operator ‘doing more with less’ decides to ‘do even more with even less?’
With the End Of The Financial Year on the not so distant horizon, it’s a good time to organise your financial affairs and assess whether your investments are structured to give yourself the best tax advantage.
Take the following steps to ensure that your business’ bookkeeping doesn’t become an overwhelming burden.
There were certainly plenty of announcements for small businesses across Australia to think about in this budget. Let’s take a walk through the major announcements…
