If you have been affected by natural disaster, there are a number of support options available to you. The ATO recognises that you have more important things to deal with than tax and compliance affairs. Here’s a list of the support you could access: More time to lodge and pay ATO forms Fast-tracked tax refunds […]
Gift Cards And Vouchers Now Have Three Year Expiry
Gift vouchers can be a great way to attract customers, maximise marketing campaigns and increase sales – so long as you don’t get caught out by the new rules. Does your business offer gift cards or vouchers? If so, new laws came into effect on 1 November 2019, which you’ll need to adopt. Gift cards […]
Common BAS Errors will impact your business
Most activity statement errors are unintentional – even so, such errors can have a big impact on your Business Activity Statement. Unintentional errors may result in you paying too much GST or not enough. Whether you lodge the BAS yourself or whether you use our services to lodge, it’s useful to understand some of the […]
Are You Paying Too Much Tax?
Paying tax is an inevitable part of doing business. The more your income grows, the more tax you’re liable to pay. You’re rewarded for your success with a bigger tax bill. While we don’t want our clients to avoid paying tax or evade the tax department. We do want our clients to only pay the […]
6 Secrets To Getting Prompt Payment
If you’re struggling with late payments, and about half of small businesses are, here are some simple tips to try. Invoice without delay Your customer can’t pay until you’ve invoiced them, so make sure you send your bill promptly. Customers are also more open to paying when they’ve just received the goods or services that […]
How Productive Are Your Business Meetings?
However big or small your company, business meetings are likely to be an inevitable and regular part of your working week – but are you getting the most from these meetings? For operational decisions to be made, marketing campaigns planned, or sales initiatives cooked up, you and your team need time to sit down and […]
Why Bookkeeping Is Essential For Your Small Business
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, the recording and the reporting of financial transactions of a small business. Simply put, a bookkeeper clears the way for the accountant to work with your business strategically. […]
How To Use Forecasts And Scenario-Planning
For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, that limits the insights you can achieve into your business. With a backward-looking ideology, it becomes difficult […]
Competitor Analysis – Know Who You’re Up Against
Knowing who your competitors are is a key piece of business intelligence, helping you understand your market and the core threats and opportunities in your sector. Competitor analysis is the process of identifying, researching and gauging the threat posed by your competitors and is usually carried at prior to launching your business. But monitoring competitors […]
