by Tommy | 29 Sep 2021 | Small Business Tips
Making time to look over your financial reports each month is an important task for any business owner. If you are not taking the time to do this, either because you’re too busy, or perhaps you don’t really understand what you’re looking at and it doesn’t make sense... 
by Tommy | 28 Sep 2021 | Small Business Tips, Tax Updates
As part of the Federal Budget 2020-21, the government announced a loss carry back measure to encourage new investment and work with the temporary asset expensing measures also announced at the budget. The new law started on 1 January 2021. Eligible corporate entities... 
by Tommy | 24 Sep 2021 | Small Business Tips
The post-Covid, globalised economy has created a number of challenges for the average business. Depending on your business purpose and strategy, you may need to either upsize, or downsize, to secure the long-term future of your company. But what are the implications... 
by Tommy | 23 Sep 2021 | Insolvency & Business Recovery, Small Business Tips
With extreme weather events on the rise and climate change becoming an increasing threat, it’s never been more important for your business to have a disaster recovery plan in place. Weather is becoming more severe, more unpredictable and more destructive over... 
by Tommy | 22 Sep 2021 | Small Business Tips
Casual Employment New Rules from March 2021 The Fair Work Act 2009 has been amended to enforce several new rules for employing casual workers. The Act includes a statutory definition of casual employment, a pathway for casual employees to become permanent, and a... 
by Tommy | 20 Sep 2021 | Bookkeeping Tips, Small Business Tips
There are certain items of equipment, machinery and hardware that are essential to the operation of your business – whether it’s the delivery van you use to run your home-delivery food service, or the high-end digital printer you use to run your print business. But... 
by Tommy | 16 Sep 2021 | Tax Updates
With the increased availability of share trading apps, making it cheaper and easier to buy and sell shares, more people are entering into share trading for the first time. You must declare all income from investments in your tax return, including dividend payments... 
by Tommy | 15 Sep 2021 | Small Business Tips
Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have... 
by Tommy | 14 Sep 2021 | Small Business Tips
Cash is the lifeblood of any business – once the cash dries up, problems quickly begin to multiply. Keep the cash running freely and you can continue to grow your business. Here are five tips for improving your cashflow: Have a system to manage your debtors –... 
by Tommy | 13 Sep 2021 | Accounting, Small Business Tips, Tax Updates
If you are planning to close your business, there are a few important things to take care of. When you’ve put a lot of time and hard work into building a business, sometimes it’s hard to know what to do in difficult times. We can discuss whether alternatives might be...