‘P’ is for Purpose not Profit
Understanding Your Business’s Purpose When you start a business, it’s crucial to know why it exists. It’s not just about making profit; it’s about why your customers need you – your purpose. You should be able to sum up your business’s purpose in a short, powerful sentence that explains why you’re here for your customers. […]
Cyber Security: Is your Business Focused Enough?
Understanding the Vital Importance of Cyber Security for Businesses With today’s rapid advancement in technology, cyber security has become more critical than ever for Australian businesses. Protecting sensitive data and safeguarding against cyber threats is not only essential for maintaining business operations but also for building trust with customers and clients. In this article, we […]
Accounting Basics: Profit & Loss Statement
Accounting Basics: Decoding your Profit & Loss Statement Are you struggling to understand your Profit & Loss statement in Australia? Look no further! In this ultimate guide, we will decode your P&L statement and provide you with everything you need to know. From explaining the purpose of a P&L statement to breaking down each component […]
The Bookkeeper: Essential for Your Small Business
Running a small business can be overwhelming – you wear multiple hats and juggle countless responsibilities. With so much on your plate, keeping your finances in order can easily be pushed aside. This is where a bookkeeper comes in. Hiring a bookkeeper is not just for large corporations; it’s a smart move for small businesses […]
Fringe Benefits Tax (FBT) 2024
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT updates and problem areas FBT Exemption for Electric Cars Electric cars represent a small but growing proportion of the new car market in Australia. To encourage Australians to make the shift, the Government has passed […]
Unlocking New Opportunities: Artificial Intelligence for Businesses
Artificial Intelligence (AI) has emerged as a game-changer for businesses across various industries, unlocking countless new opportunities for growth and innovation. In today’s fast-paced digital landscape, harnessing the power of AI is becoming more important than ever. With its ability to automate processes, analyse vast amounts of data, and make intelligent predictions, AI has the […]
Stay on the Right Side of the Law: Tax Planning vs Tax Evasion
Are you looking to minimise your tax liabilities in Australia? It’s essential to know the difference between tax planning and tax evasion. While both terms relate to managing your taxes, they are vastly different in terms of legality. In this article, we will guide you through the nuances of tax planning and tax evasion, ensuring […]
Cash Flow Confidence: 5 Tactics to Ensure Prompt Payment in Australia
Struggling with late payments, the bane of many businesses, can significantly impact your cash flow. In Australia’s fast-paced business environment, ensuring prompt payment is crucial for maintaining financial stability and growth. In this post, we’ll delve into five powerful tactics tailored to the Australian business landscape. From leveraging technology for seamless invoicing to navigating the […]
The $20,000 Tax Deduction: Electrify Your Business with Energy Incentive!
Are you a small or medium-sized business owner? Do you want to give your company a powerful boost while contributing to a greener future? Well, you’re in for a treat because we’ve got some electrifying news for you. Electricity is the new black, and fossil fuels are on their way out. The government has introduced […]
Unlocking the Power of Giving: A Guide to Tax Deductions for Donations
Discover the untapped potential of your generosity. In Australia, making charitable donations not only supports causes close to your heart but also comes with significant tax benefits. Are you aware of the tax deductions available for your charitable contributions? If not, this comprehensive guide is here to shed light on the subject. We will delve […]