You’ve got a solid business plan. You’ve picked out an incredible location. And you’ve built up a good amount of buzz among your local community. Your small business is good to go, and you’re ready to take the world by storm - almost. While it may not sound like a big issue, it’s absolutely crucial that you have a business [...]
A good accountant is the key to a long and successful business. And we aren’t just saying that because we’re trying to justify our existence - a good accountant is worth their weight in gold. Long-term planning, tax accounting, making big financial decisions… each of these are big decisions, and need to be made with great care. Specifically, they need [...]
For most business owners, the only times they see their accountant is around tax time, when they need help filling out their business tax return. It’s the busiest time of year for us accountants - of course, that doesn’t mean that we’re spending the rest of the year just twiddling our thumbs because we don’t have anything to do! Our [...]
While it’s highly recommended (especially if you’re only just starting out), not every business needs an accountant. For sole traders in particular, you might only need the help of a small business accountant when first getting started. After all, it’s one of the most pivotal parts of your business’ financial journey. Assuming your business stays the course, you might only [...]
October isn’t the only due date you’ll need to keep in mind when it comes to your tax return - if you run a business, their business tax return is actually due at the end of February, a full 4 months after your personal one. As of the time of writing, that date’s only a little bit over a week [...]
Super contributions: everyone has them. Unfortunately, for many everyday Australians, that’s where their knowledge and understanding of superannuation contributions begins and ends! As your main source of income when you retire, it’s crucial that you take good care of your super, and carefully plan your investments. That means paying close attention to your superannuation contributions. Of course, first you’ll need [...]
A new year means new year’s resolutions. For most of us, that means things like bringing your diet under control, learning a second language, finally knocking out that DIY project or simply changing your outlook on life. All of these are good things, to be sure - if you ask us however, there’s one more thing you need to add [...]
It’s one of the most important resources at any business, big or small. And it isn’t just your business that it affects, either - it also comes into play in your private life. In order to get the most out of it, it’s important that you properly budget, manage, organise and plan it so you don’t run out or run [...]
It’s hard to believe that the year that’s felt a decade long is now somehow almost over. And what a year it’s been! The way we work has been changing for a while now - recent work-from-home requirements in Victoria have flipped things on their head even more, dramatically accelerating the pace that change is happening. However, there are a [...]
If you want to improve your financial situation, the first step is to get on top of your cash flow. And if you want to do that, you’re going to have to get on top of all your invoices, ensure that all invoices are paid on time and minimise the number of late or overdue invoices your business deals with. [...]
