When running a small business, it’s important to ensure you’re taking advantage of all the tools and resources available. While your mind might immediately go to software or marketing automations, this also includes finding the right people to help your business grow. A common question we get asked when our clients start building their team…
Sitting around wondering why cash flow is important for your current venture? With financial issues a common painpoint for Aussie businesses, it’s more crucial than ever before to know why your money management is the be all and end all. As a business owner, getting a handle on your cash flow is mission critical for…
Operating a small business in Australia comes with many risks and responsibilities. While passionate owners pour their hearts and souls into building their enterprises, the reality is that unforeseen events can derail even the most promising ventures. A major lawsuit, accident, or natural disaster can rapidly transform minor hurdles into existential threats. Without proper contingency…
Despite the existence of the safe harbour laws and the temporary COVID-19 relief, it’s important that directors stay on top of their duties to avoid trading insolvent. Here’s more info.
Audits can be scary, but there is a lot you can do to prepare in order to have the best possible experience. Here’s what happens during an ATO audit.
Audits can be scary, but there is a lot you can do to prepare in order to have the best possible experience. Here’s what happens during an ATO audit.
Medical professionals constantly juggle their day-to-day practice with the business side of things. But let’s face it, as a doctor, you’ve got your hands full with patient care, so management and financial planning tends to take a backseat. While a doctor’s primary goal is to focus on providing health services to their clients, they mustn’t…
At the start of September 2022, the Reserve Bank of Australia (RBA) raised interest rates once again, pushing it to 2.35%. This marks the fifth consecutive increase since May 2022, making it the most rapid cash rate growth that Australians have seen since 1994.
Business owners are always looking for ways to save money, and one great way to do so is by claiming motor vehicle expenses. Unfortunately, many business owners overlook the benefits of claiming the cost of running a vehicle as part of a broader strategy to reduce taxable income.
From reinvesting in the business to offering dividends, companies have several choices, including the Div 7A loan, for managing their profits. It can also use it to pay down debt, or, among other things, reinvest in new technology and equipment. But in most cases, private companies will choose to distribute their profits via dividends, wages,…
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