DJ Grigg - Blog outsourcing

Outsourcing: Could it Help your Business?

When you run a small business, the amount of work can ebb and flow. Unexpectedly busy periods can create too much work and stress for a small team or one-person business. But if a surge is seasonal or unreliable, you don’t necessarily want to commit to taking on another employee. One solution is to use […]

DJ Grigg - Blog buy or lease

Buy or Lease? Business Plant and Equipment

When your business needs new plant or equipment, what’s the best choice – buy or lease? The answer will depend on your circumstances, but the following considerations can help you weigh the options. The advantages of buying Buying gives you certainty and ownership at a higher upfront price but a lower total cost. Owning an […]

DJ Grigg - Blog cashflow forecasting

Cashflow Forecasting: Get Back in Control

We all know that positive cashflow is the beating heart of any successful business. And with so many external pressures on your cash right now, it’s important to have one eye on the future. Cashflow forecasting is an increasingly important tool for any finance team. You can make well-informed financial decisions with a better view […]

DJ Grigg - Blog Tax offsets expiring

Some Tax Offsets Have Expired: Are You Affected?

What is the $1,500 low and middle income tax offset (LMITO), and how will it affect my tax return in 2023? As you may have heard through various news channels and articles, millions of Australians are due to feel a sharp increase in their taxes which will result in lower tax returns in 2023. Why? […]

DJ Grigg - Blog business loan

Applying for a Business Loan? Here’s How.

Need some extra cash to take your business to the next level but daunted by the loan process? You’re not alone. There’s a lot of paperwork and number-crunching involved. Before you start, remember that banks want your application to succeed, as the interest you pay is a vital revenue stream. So it’s up to you […]

DJ Grigg - Blog family and domestic violence leave

Family and Domestic Violence Leave – New Entitlement Rules

Employees of non-small business employers can now access ten days of paid family and domestic violence leave over a 12-month period. From 1 August 2023, employees of small businesses can access the leave. Employees have had an entitlement to unpaid family and domestic violence leave (FDVL) for some time as part of the National Employment […]

DJ Grigg - Blog goodwill

Are you Building Goodwill in your Business?

Goodwill in accounting refers to the intangible value that a company can hold, above and beyond the pure financial value of its assets. This covers brand reputation, intellectual property, and external and internal relationships. A business that can show its goodwill in the marketplace is worth more– intangibly and financially. When a company is up […]

DJ Grigg - Blog digital bookkeeping

Digital Bookkeeping: Have you made the change?

Keeping up-to-date records of your business transactions isn’t the most glamorous part of being an entrepreneur, that’s for sure. But, in reality, having accurate and up-to-date digital bookkeeping is one of the core ways to control your finances (and your business). Digital bookkeeping is the future of your finance The digital age has revolutionised how […]