Calculate Your Net Worth.
To calculate your net worth can be a quick and easy way to get an outline of your financial position. By working out your net worth each year, you can get a sense of whether your finances are going in the right direction. Tracking your net worth can also help you focus on the big […]
New Startup? Marketing and Promoting Your Business
Even with the best products and services in the world, you won’t make many sales if your intended customers don’t know about your business. To raise awareness of your brand and kickstart your sales process, you need to start marketing and promoting the business. Sales and marketing don’t have to be complicated. It is important […]
New Startup? Establish a Mission Statement
You’ve had your initial business idea and written a plan. But do you know WHY you’re creating this business or HOW you’ll deliver your end product/service? What will the company’s underlying purpose be, and how will your core values drive the business? To get these crucial elements ironed out, it’s a good idea to write […]
New Startup? Define Your Business Idea
Having that Eureka moment when you cook up a great startup business idea is a great moment. You’ll be full of ambition and eager to begin building your startup. But once you’ve had that initial rough idea, how do you assess and plan out your business idea to make sure that it has legs? Defining […]
New Startup? Need Funding?
A great business idea is an excellent starting point for a company. But without startup funding to provide the necessary capital, your business idea could be dead before it’s even begun. To quote a well-worn phrase, ‘Cash is King’ means it’s critical to start thinking about funding as early as possible. Think about how much […]
Compliance: Setting up the right foundations
To trade as a business, you need to meet the right compliance requirements. It’s certainly not the most exciting part of creating a business. Still, setting up the right compliance foundations ensures that you’re doing everything by the letter of the law. Let’s look at the main steps to think about when setting up compliance […]
Are You Suffering from Business Burnout?
The last two years have been demanding and exhausting for many business owners. Are you one of them? Could you be suffering from business burnout? The challenges have been relentless, and we know many small business owners have had to navigate unprecedented demands because of the pandemic and related government regulations. Burnout results from long-term […]
Understanding the Basics of Personal Income Tax
Australian residents pay personal income tax on all forms of income after a tax-free threshold of $18,200. The tax office calculate tax at four different rates according to how much income you earn each year, and the tax rate increases the more you make. The highest tax bracket applies to those with a taxable income […]
E-invoicing: How can it protect you?
Is your business using e-invoicing? It’s a fantastic way to protect yourself and your customers from invoice scams. It can also help you get paid faster. E-invoices replace emailed PDF invoices or links to online invoices. Instead, e-invoices are delivered securely to your clients, even across different accounting systems. Preventing invoice fraud Invoice scams are […]
Understanding the Basics of Tax on Superannuation
Do you know how much tax you pay on superannuation contributions and withdrawals? The amount of tax depends on several factors. It is possible to minimise the amount you pay by understanding how the tax on super works. Tax on super is generally a lower rate than the tax on your income. By using a […]