Putting important company policies in writing makes good sense. Firstly, it compels you to think about how you want your workplace to run. Second, it makes these rules and guidelines official so your employees know what you expect from them and what they can expect from...
Common Tax Deductions for Small Business There are many expenses common to most small businesses. And then, there are other expenses that are specific to the nature of the goods or services the business provides. Are you claiming all the tax deductions that you are entitled...
As more and more business moves online, you need an efficient way to contact customers. An online customer database helps you reach out to your customers at different stages in the purchase cycle. It enables you to convert searches into sales and builds an understanding...
It can be lonely at the top when you're running your own business. As the owner-manager, the buck stops with you. That can result in all the pressures of financial management, people management, strategy and business performance, ending up on your shoulders. To ease this...
When you started your business, you probably dreamed about flexible hours and highly profitable, stimulating work. Ideally, you would’ve adopted best practice and documented those dreams in a succinct Business Plan. The plan would specify how much cash you need from the business, your role, and...
Turning a profit is at the heart of running any successful company. But should profits be the only financial focus if you're looking to create a stable, long-term business? Cash flow is the beating heart of your business. Without an even and predictable flow of cash...
The Fair Work Ombudsman (FWO) has released guidance for employers on covid-19 vaccinations and the workplace. Currently, there are no laws in place that allow employers to order existing employees to be vaccinated against the coronavirus. The Australian Government policy is that vaccinations are voluntary. Each...
As part of the Federal Budget 2020-21, the government announced a loss carry back tax offset measure. This will encourage new investment and work with the temporary asset expensing measures, also announced at the budget. The new law started on 1 January 2021. Eligible corporate entities that...
With trading across international and regional borders now more complicated and impractical, many business owners will be looking to their local communities for support, sales and (importantly) a regular level of income. So, how do you change your business and marketing model to fit a more...
When the future looks uncertain, what can you do to prepare and strengthen your business during a downturn? Recent times have certainly shown us that the future path of your business can change in an instant – usually, due to influences that are far beyond our...