2020 end of financial year checklist.

2020 end of financial year checklist. June 16, 2020 | Business, Tax, Tips and Tricks We are now into June, which means another financial year is fast approaching. 2020 has certainly been a hectic time for all businesses with bushfires, floods, and COVID-19. Fortunately, the government stimulus measures have proven very effective but are wildly…

Read More

What’s the best Mac accounting software platform in Australia?

Australian small businesses using Macs have the same financial tasks as those using PCs. But often it’s a challenge to find Mac accounting software that’s as feature rich as the Windows version. So, if you’re on the hunt for the best accounting software to run on your Mac, you’ll find you answer here. Hint: It’s…

Read More

How To Protect Your Business During A Crisis

During a crisis it is important to take practical steps to help protect your business during and afterwards. These steps should be implemented into your business plan to be enacted when crisis strikes. However, it is important not to make the mistake of not responding at all, or making too drastic of a change. An…

Read More

How To Find A Great Business Idea

So, you want to join the exciting world of small business, be your own boss and shape your own career? All it takes is a great idea and you can get started. The trick is to find this great idea and run with it.  Some ideas are crazy, and others are boring, but they still work. There are…

Read More

A Guide For Setting Up Xero

Xero is the big thing in the world of small business software. It enables business owners, employees, and accountants to do so much more within a business, all from one place, without the insane cost it would have required before Xero. Now you can automate many tedious processes, see all your data in real-time, and collaborate with…

Read More

Cash vs Accruals, Which GST Reporting Method Is Better?

If your business is registered for GST you should be aware of the reporting requirements you have. Most businesses will need to report the GST they collected each quarter in a business activity statement (BAS). Where things can get confusing for some business owners is in the different reporting methods you can use. Often, business…

Read More

5 Tips To Organising Your Small Business Finances

Becoming self-employed is a great goal. Starting your own business is a part of an exciting journey to financial freedom. You are in good company too, according to the Australian Government 98% of all Australian businesses are small businesses. The trick to finding success when starting your own business is to become financially savvy. If…

Read More

5 Things For Your Business To Avoid This Christmas Time

The Christmas crush is almost here. As the dates tick down to the 25th of December consumers go crazy, rushing to buy all the presents they need for their friends and family. This can be a stressful time for business owners. There is a delicate balance across the business’ processes to ensure that the entire business…

Read More

5 FBT Tips For Christmas

Everyone loves a great Christmas party. They are a great way to let your employees know that their hard work is well appreciated. However, a little tax planning is necessary to ensure you aren’t copped with a huge FBT (Fringe Benefits Tax) bill at the end of the fun.   Generally, the three primary benefits employers will provide their…

Read More