Your Business Performance vs ATO Small Business Benchmarks
Are you interested in comparing your business performance against the ATO Small business benchmarks? It can be a valuable exercise to see whether your business is performing well, on average, or lower than the benchmark figures. Each year the ATO publishes industry-based data to highlight specific ratios of financial and other types of performance. For example, […]
Spend More Efficiently with Digital Credit Cards
Do you need to manage expenses for your business and team? Digital credit cards have been around for some years but have recently grown in popularity. Their user-friendly practicality is becoming appreciated by many business owners. How do Digital Credit Cards Work? The provider issues a digital card number in exactly the same format as […]
Business Relationships in Times of Crisis
Strong relationships with clients, customers, suppliers, and staff are key to business success. But in a crisis, it’s easy to focus on your own issues and neglect those important connections. Here’s how to stay connected during difficult times – because you won’t get through without strong relationships and ongoing support. Communication and contact Transparency goes […]
Stay Competitive in Your Business Industry
It’s challenging to make your business stand out from the crowd, especially in the 21st-century digital environment where large and small businesses compete for the same customers. Remaining competitive is vital for any business. If you stay ahead of your competitors and hang onto your customer base, your sales stay stable, and your revenues remain […]
5 Ways to Reduce Your Business Energy Bills
Rising global energy prices are a worry for all business owners. When the cost of your predicted annual bill goes up, that’s likely to stretch your cash flow thin. So, what can you do to overcome the problem of rising electricity and gas prices? We’ve outlined five simple ways to reduce your energy bills. Simple […]
Making the Most of Your Business Data?
Are you recording, measuring, and analysing enough of the data being generated by your business? With so many apps and digital solutions now available to businesses, there’s a wealth of valuable data to trawl through – and plenty of hidden insights from which you can benefit. Here are 5 ways to get more insights from […]
Record-Keeping Strategies to Maximise Your Tax Return Benefits
Accurate record-keeping of your income and expenses is essential to ensuring you get the most out of your tax return. By implementing some simple and effective record-keeping strategies, you can ensure that you can accurately document both your income and expenses for filing taxes. With this, you’ll be able to take advantage of all the […]
Business Tips: Selling Up – What’s Next?
Once you’ve sold your business and received the funds from the sale, you’re faced with a big question: what happens next? After guiding the helm of your company, it will be tough to let go. But if the circumstances are right, there’s no reason why exiting the business should be a sad occasion. You’ve built […]
Holidays & Annual Leave – What You Need to Know
The summer holiday period can be confusing to employers and employees alike. Public holidays worked or taken as annual leave, business shutdowns, annual leave provisions… There are many rules employers need to understand. Employees are entitled to annual leave and public holidays under the National Employment Standards minimum entitlements. Employers can ask employees to work on public […]
Monthly Journal – February 2023
DJ Grigg Monthly Journal – February 2023 by DJ Grigg Financial