If you are looking to exit your business or have a future plan to do so, you need a strategy. When you sell up, you want your business to have as much inherent value as possible – so you get a good price, a great return on your investment and the best possible payout. So, […]
Create a Business Plan in 10 Steps
‘Fail to plan, plan to fail’, as the saying goes. If you’re going to create an effective, successful and profitable business, you need to create a solid strategic plan Your business plan is the route map that defines your goals, explains your strategy and gives real direction to the everyday running of the company. So […]
Report PAYGW Correctly to Claim Tax Deductions
If you don’t meet PAYG withholding obligations for your workers, by not withholding tax from their payments and not reporting it to the ATO, you could lose your tax deduction. This will apply to income tax returns lodged for the 2020 financial year and beyond. If you withhold tax from payments to workers, you must […]
Update Your ABN Details to Ensure Notifications in an Emergency
Did you know that government agencies use Australian Business Number (ABN) details to identify individuals and businesses in communities affected by emergencies or natural disasters? This can happen any time and any season, so we encourage you to keep your Australian Business Register (ABR) details up-to-date. This enables immediate emergency services assistance and ensures affected […]
The Value of a Brand Style Guide
Your brand is an integral part of what makes your business unique. So, keeping your brand style consistent across all communications, marketing and online channels is important – and this is where having a brand style guide can become invaluable. A brand style guide is a key document that sets out the rules and guidelines […]
Using Testimonials and Case Studies to Transform Your Business
Good reviews are gold for your business. You can spend all day telling people how wonderful and great your product or service is, but what they really want is proof. Showcasing testimonials and written or video case studies is a great way to do that because prospective customers are less inclined to believe what you, […]
Your Business Recovery Plan
As businesses emerge from Covid-19 restrictions, for many ‘Business as Usual’ has become ‘Business Unusual’. So, how do we navigate our way towards a sustainable new normal? During lockdown, we focused on crisis management, activating relevant Government support packages and doing our best to build cash war chests. Now we enter the recovery phase on […]
Improve Your Work-life Balance
Most of us aim for work-life balance, but it can be a tricky thing to do when everything gets busy. Here are a few tips that might help at any time of year: Take holidays – Holidays are great for allowing you to reset your thinking and refresh your mind. Encourage your staff to do […]
What Is Inventory Accounting? – and Why It’s Important
Keeping track of your inventory, the time it takes to sell and the profit made on each product is essential if you want to manage your business effectively. What counts as inventory? Inventory is anything you buy to on-sell, including fully-completed items to sell in your store, products that you install in people’s homes or […]
