With many businesses back at work and trading more normally, it’s the perfect time to consider marketing your products and services and beginning to bring in some much-needed revenue. But 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 […]

The taxable payments annual report (TPAR) reports to the ATO information about payments made to contractors for certain services. TPAR for the building and construction industry has been in place for some years. In recent years, cleaning services, courier services and some government entities have been added to the system. This year, taxable payments reporting […]

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, either because you’re too busy, or perhaps you don’t really understand what you’re looking at and it doesn’t make sense to you, then here are 6 reasons […]

Prepare now for your taxable payments annual report (TPAR) lodgement. Whether you lodge your own report directly with the ATO or if you use our lodgement services, this form is due by the 28th August. There are a number of supplier details required in the TPAR. If you have not kept up-to-date supplier records throughout […]

If you are lodging your own PAYG withholding payment summary annual report (PSAR) you need to lodge with the ATO by the 14th August. If you are using our lodgement services, the due date is the 30th September. Make sure you check the following before completing the annual summary: Check your payroll detail reports for […]

Business cashflow is simply money coming in and money going out of the business. Your outgoings will include things like rent, payroll, taxes and supplies. Your income will be revenue from sales but might also include investment funds or the sale of assets. For most businesses, income and expenditure don’t always happen at the same […]

If cashflow is the lifeblood of your business, then working capital is the health check you should regularly undertake to keep your business alive. Regularly checking working capital will play an essential part in maintaining business success during these times of greater economic insecurity. What is working capital? Working capital is your current assets minus […]

When it’s time to sell your business you’ll want the best price for it. And the sooner you plan for sale the better, so that your business is in the very best shape to attract an investor. The more attractive the business looks in the market, the better the price you’ll achieve, or the better […]

Running a business will always mean incurring certain expenses, or ‘spend’. There are always costs, overheads and supplier bills that mount up – and these expenses will gradually chip away at your cash position, making it more difficult to grow and make a profit. So, what can you do to reduce your spend levels? And […]