Accounting
How to Use the Business Boost Grants Program for Your Business
The next round of the Business Boost Grants Program is opening shortly, and is for small businesses wanting to enhance their efficiency and productivity. Funded businesses are expected to: Increase turnover, profit, and employment Boost business confidence and skills Enhance efficiency and productivity Strengthen resilience and survivability Available Funding Eligible businesses who are successful…
How to Get the Juicy Business Basics Grant
What Is The Business Basics Grant? The Business Basics Grant is back! This program is for businesses wanting to enhance their core skills and adopt best practices. Funded businesses are expected to: Increase business confidence and skills Boost long-term turnover, profit, and employment Improve business resilience and survivability The current round of the program focuses…
Unlocking Benefits for Small Businesses: The $20,000 Instant Asset Write-Off
Small businesses are the backbone of our economy, driving innovation and fueling growth. At LINK Advisors, we understand the challenges and opportunities that come with running a small business. That’s why our team of experienced small business accountants in Brisbane is committed to empowering small businesses to thrive in today’s competitive landscape. One invaluable tool…
Key Initiatives of the 2024-25 Federal Budget Impacting Small Businesses
The economic landscape is creating challenges for most businesses. High interest rates are placing cashflow strains on businesses servicing debt, while supply chain disruptions are leading to lost sales or higher expenses. Labour and skills shortages are resulting in employers paying more to hold onto employees or incurring more costs to upskill them, which is…
Stripe Merchant Fees Down From 1 April 2024 – Update your XERO Integration
What is Stripe? Stripe is an online payment processing and credit card processing platform for business, that integrates with XERO to make it easy for customers to pay your invoices. You will save time and effort chasing and tracking down payments since your customers can easily pay by card, when it suits them. XERO will…
Turning Equity Into Opportunity: A Guide to Debt Recycling
Debt recycling is a strategy that can help property owners maximise their wealth accumulation while efficiently managing their debts. By leveraging the equity in their property to invest in income-generating assets, individuals can effectively reduce their non-tax deductible debt while simultaneously building their investment portfolio. This impact is greater if the equity they are leveraging…
What Does ‘Balancing Account’ Mean in myGov Account?
Ever logged into your myGov account and stumbled upon the term ‘balancing account’? If you’re feeling a bit lost, don’t worry. Simply put, when the ATO tells you that they are balancing your account it means they have the information you provided for your tax return and they are now working out whether you are…
NDIS Real Estate Investment: A Beginner’s Guide
The National Disability Insurance Scheme (NDIS) has opened new opportunities for real estate investors keen on supporting disability housing while tapping into Australia’s burgeoning market. Through its Specialist Disability Accommodation (SDA) scheme, the NDIS offers funding, sparking a surge in demand for accessible purpose-built dwellings that meet the needs of Australians with disabilities. However, the…
How To Increase Prices In Your Business
One of the most delicate decisions a business must navigate is increasing its pricing it charges customers and clients. Pricing directly impacts revenue, profit margins, customer perception, and market competitiveness. In this article, we delve into the main areas to consider when deciding when and how to go about increasing your business goods and services…
How to finalise Single Touch Payroll in XERO for the financial year
Another financial year down and now it’s time to finalise your Single Touch Payroll (STP) so your employees can complete their tax returns. Payment summaries or group certificates are a thing of the past, replaced by STP a few years ago. If you’ve opted into Single Touch Payroll, there’s no need to send employees any…