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 […]
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 […]
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 […]
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 […]
Superannuation Rate Rises in July to 11%
In July 2023, the superannuation guarantee statutory rate rises to 11%. Annually, the rate is increasing by 0.5% until July 2025, when it will reach the legislated 12%. Prepare Now for the July Rate Rise If you’d like help reviewing payroll costs and employee agreements, talk to us now, and we’ll make sure you have […]
Hit Tough Times? Keep your Cashflow Strong
Small businesses are particularly vulnerable in tough economic times. How can you keep your cashflow strong? When sales are slow, overheads and salaries still need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive. Ensure you have a clear picture of your payroll […]
International Business in Australia – When to Register for GST
Does your international business make sales in Australia? You may need to register for Australian goods and services tax. Like many countries, Australia charges a goods and services tax (GST) on most products and services sold within Australia. Australian GST is a tax of 10% added to the price of goods and services. Any business […]
Get More from your Personal Finances
Managing personal finances is an essential skill that everyone should learn. It can help you make the most of your money, achieve your financial goals, and build a solid foundation for your future. Here are seven tips to help you manage your personal finances: Managing your finances well requires discipline, knowledge, and a good understanding […]
Control Your Business Finances – Here’s How
Having proper control of your business finances is a big advantage. It helps you make well-informed business decisions and keeps your organisation profitable. With so many digital tools for managing your bookkeeping, accounting, and management reporting, it’s never been easier to manage, track and forecast your financial position. But what are the primary tools you […]