One of the most critical tasks in small business ownership is regularly assessing your company’s financial health. Understanding your financial well-being goes beyond just looking at your bank balance; it involves thoroughly examining various financial indicators. In this article, we will delve into the critical aspects of evaluating the financial health of your small business.…
There is comfort in knowing if you take the time to do your business budget you have the power to eliminate excessive spending and create a faster cash flow positive business sooner. It can really help you plan for whatever it is you want to do in your business. A sad reality is that many…
After a financially difficult year for most, many small and medium-sized businesses are looking to reduce costs in the year ahead. Unfortunately, when reducing costs, some of the first people to go are Apprentices and Trainees. But before you cut them loose, did you know you can get 50% of eligible apprentices and trainees’ wages…
While on the surface, your business banking may look as simple as choosing the right bank, there are many other things that must be considered. Here are the 5 most important aspects your accountant wants you to know about your business banking:
With Australia officially in recession, it’s no wonder that freelancing is one of our fastest-growing sectors. Matt Barrie, CEO and Chairman of Freelancer.com, said, “Since the Covid-19 pandemic proliferated in the last 30 days of Q1 2020, Freelancer.com has seen exponential growth in user sign-ups, suggesting a strong desire for individuals to get back to…
You have a great idea and you’re ready to jump feet first into the business world. Congratulations! Before you take that leap, here are 5 important steps we recommend you take to give your new business the best chance of success. Step One: Legal Structure Should you be trading as a sole trader, a company,…
Are you aware that there are strategies that legally minimise tax liabilities and in doing so allow you to keep more of your hard-earned revenue?