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Xero's Small Business surveys show that almost half of invoices get paid late. Late payment of invoices are one of the most frustrating things a business can face. Here are six tips to get paid faster. Review and adjust your payment terms and pricing - Think about...

Who is your competition? As a small business, what can you learn from them? While the presence of well-established competitors is daunting, it’s entirely possible to use this to your advantage when starting up a small business. Market research is invaluable in the early days....

Why does your business exist? Profit or purpose? Your purpose is three to seven words explaining why your business exists for your customers; it should be about them, not you. It is a small statement with immense power - your reason for being. EXAMPLES:Tesla: To accelerate the...

As a small business owner, do you need a bookkeeper, an accountant, or both? Bookkeepers can seem a little mysterious. In fact, they deal with the organisation, recording and reporting of financial transactions of a small business. Simply put, a bookkeeper clears the way for the...

Organising your documents now will mean you can get your tax return completed earlier. Then you can access any refunds due or start planning for tax payments. Getting your business records up to date and accurate will allow us to work with you proactively to plan...

End of the Financial Year (EOFY) is around the corner and this means an increase in scams to try and spot. The Australian Competition and Consumer Commission have recorded over $14M lost by businesses in payment redirection scam losses this year, just one of the...

Making time to look over your financial reports each month is an important task for any business owner. If you are not taking the time to do this, for whatever reason, then here are 6 reasons we recommend that you should start to. But before we...

https://youtu.be/gRtrTc-of6s Are you about to apply for a job for the first time? Are you starting a second job? When you fill in your Tax File Number Declaration (TFN) Form, and you come to the question, 'Do you want to claim the Tax-free threshold?' Do you tick yes or no?  Here’s what you should...

Having a self-managed superannuation fund (SMSF) gives you control and flexibility over how you make investments and prepare for retirement. It’s important to get your deductions and record keeping correct for the SMSF audit process and the tax return, as there are strict laws governing SMSFs. A...