Here is a list of answers to common questions that we get asked regularly about bookkeeping, GST and tax and accounting software. Q: I have started my business, registered for an ABN and Business Name and now I need to know what to do next? A: A part of running your new business is record […]
You’ve worked hard to keep your business running and your customers happy. With the end of the fiscal year fast approaching, you need to ensure that all of this customer happiness is translating to a happy balance sheet. If you don’t already have someone handling the financial side of your business, you may not know […]
As a business person, you understand the value of hard work and dedication. Whether you run a small enterprise or a large corporation, you know that your employees are the lifeblood of your business. Without those dedicated people, you would have serious issues filling orders and carrying out day-to-day tasks. That’s why it’s important to […]
These are exciting times. You are just about ready to open your new business. You’ve been busy setting up all of the systems that you need for your business to work - including the bookkeeping. This is where many owners succumb to pitfalls while setting up their business. Because there are many forms to file […]
When shopping around for your business, regardless of what you’re purchasing, the first thing you should consider is your budget. Your budget will always be the first business resource that will take a hit every time you purchase business equipment and goods. However, when it comes to getting your business its cloud accounting software, you […]
If you’re running a small business in Australia, chances are you’re constantly pressed for time. Preparing and lodging your business payment summaries would certainly take time, good thing the Australian Tax Office (ATO) now allows certain reports to be lodged online. If the type of annual report you’re going to lodge is all about payments […]
Owning a small business is always exciting. It’s an uphill battle most days, but owning and operating your own venture creates a great sense of pride and purpose. While the sense of accomplishment is running high, many people that open businesses tend to overlook certain aspects of the operation. One such area that isn’t very […]
Thanks to a number of bills and laws passed in order to stimulate the Australian economy, a lot of business owners get to see their operations flourish. But the biggest winner of them all is current owners of small businesses and those who are planning to live out their entrepreneurial dreams. For Small businesses to […]
One of the critical aspects of retail, wholesale or manufacturing business is achieving the perfect inventory setup. Not having enough stock to keep up with demands will lead to unsatisfied customers and drive away would-be customers. Overstocking makes your business vulnerable to unused stocks that spoil or go stale. These possible pitfalls are the reason […]
Small law firm owners and administrators know how complex running a small law firm is. Mixing up billables and documents on legal matters are bad news, but the operational problems brought by downsizing, and even expansion, are worse. You’ll want to make sure that you avoid all of these problems as much as possible. Getting […]
