What small business owner wants to pay more tax than they need to? No one! So, here are tips to ensure you get the most out of your money during tax time. Utilise the $20,000 immediate tax deduction. In the budget issued on 12 May 2015, the Federal Government announced that qualified small enterprises can […]
If you are not satisfied with the profit that your business is generating, the first person should call is your accountant. They are your most reliable advisor and the foundation of the financial sector. The first person who you must contact to guide you in expanding your business, especially your profit, is your accountant. Accountants […]
Purchasing property using SMSF is becoming widespread. However, careful consideration is required before you decide to do this. Make sure that it fits perfectly with your general investment strategy to prevent needless risk. Property Purchases in SMSF 101 Properties purchased through super have become popular as a result of the Limited Recourse Borrowing Arrangements (LRBA). […]
It is frustrating to do some work and not get paid. So many business owners can’t manage their time well. They’re out on the road for most of the day doing tasks related to their business and customers. They come home at the end of the day with hours of invoicing to do. Many are […]
Your business can truly benefit from having a bookkeeper. Whether one works for you full time or part time, you still must make sure they are the right one and have the skills to meet the requirements of your business. You can ensure they are the right fit for you by asking these 10 important […]
It is not easy to grow a flourishing business. If it was, people would work beyond eight hours and be rich! Growing a business takes time, discipline and hard work. You can’t take a shortcut because there isn’t any. Adopt a structured, disciplined approach that you have to make sure you follow daily. Sadly, being […]
A business is like a human being – it will grow when you nurture it or it will die when you neglect it. Owning a business means you have to take care of it like a newborn baby. You have to look after it and provide the basics. If not, your business will fail. Similar […]
It will serve you well to learn from other people who have been running a business much longer than you have and take to heart their advise. There are times when you would overlook some things that could have made a difference, so here are five things I hoped I found out earlier: 1. Change […]
Access to capital is one of the major troubles faced by small businesses. Thus, illegal activities such as fraud or theft can harm a small business in an instant. Here’s a true to life experience involving Ken, an owner of a construction crane rental business. He was passionate about cranes, but was not too confident […]
It’s not easy to start a new business. What is even harder is learning all the legal requirements, not to mention an employer’s responsibilities with regards to salaries, benefits, and superannuation, which is one of major payments for employees. New employers may find it difficult to understand superannuation. However, it is quite simple; all you […]