What Everybody Ought To Know About KPIs For Small Business
“If you don’t know your numbers, you don’t know your business” – Marcus Lemonis What do you think about this statement by American businessman, television personality and philanthropist – Marcus Lemonis? If you’re like most business owners we’re spoken to at our Accounting Firm, you will agree with what Mr Lemonis stated here because it’s […]
How To Increase Cash Flow In Small Business
“How To Increase Cash Flow In Small Business” gets searched hundreds of times a month on Google, and that doesn’t come as a surprise because cash flow is crucial for survival in business, as small business owners are well aware. Without a steady stream of cash coming into a business, it’s tough to keep the […]
How To Start A Business In Australia
As of June 30th, 2021, there were 2,402,254 actively trading businesses in the Australian economy, and during the 2020-2021 financial year (July 1st – June 30th) there was a: 3.8%, or 87,806, increase in the number of businesses. 15.8% entry rate, with 365,480 entries. 12.0% exit rate, with 277,674 exits. These numbers reflect a large […]
How To Save Tax In Australia: A Comprehensive Guide For Individuals
Nothing is more frustrating than seeing a large chunk of your paycheck disappear into the government’s coffers. The good news is many legal ways to reduce your taxable income and keep more of your money in your pocket. This article will discuss some of Australia’s best methods for legally reducing your taxable income as an […]
5 Common Signs A Business Needs Bookkeeping Services
Small business owners have to be very resourceful and often take pride in doing things themselves. This resourcefulness is helpful when starting a business. Still, as a business grows & a business owner’s time/energy starts to get stretched – a business owner continuing the do EVERYTHING themselves is a recipe for disaster. When there are […]
Financial Ratios and How to Use Them in Small Businesses
What are Financial Ratios? Running a business, whether large or small, means that having a good grasp on all financial aspects that are part of ensuring business success is essential. One of the best ways to determine the business’ financial performance is through financial ratios. Financial ratios are numerical values that measure the relationship between two […]
Why Do I Owe The ATO Money?
Received A Tax Bill & Not Sure Why? It’s the dreaded tax time again and after finally lodging a tax return and breathing a sigh of relief, a bill arrives from the ATO demanding payment of money owing. Why and how has this happened? The most common reason is that insufficient tax payments were made […]
Basics Of Individual Tax Returns In Australia (2022 Edition)
While lodging a tax return in Australia isn’t supposed to be challenging, but it often can be. If someone hasn’t done this before, haven’t been aware of the process entirely or has not been provided with an overview of this essential annual task for Australian life – this article will solve that. It aims to […]
A Comprehensive Small Business Accounting Guide (Step-By-Step)
How vital is accounting to a business? Every business owner who knows their onions will tell you that it is essential for the growth of a business no matter the size. But then why is accounting important for the small business owner? Basically, it is essential for business growth. When a small business takes accounting […]
