Running a business involves a lot of accounting and financial management, and one of the critical aspects of this is submitting your Business Activity Statement (BAS). In Australia, BAS is a form that businesses must lodge with the Australian Taxation Office (ATO) to report their tax obligations. Now, some of you may need more information […]
What You Need to Know About Business Activity Statements Read More »
Small business owners are responsible for ensuring that their operations are compliant with various tax laws in their jurisdiction. One of the taxes that business owners may encounter is Fringe Benefits Tax (FBT). FBT is a tax that the Australian Taxation Office (ATO) levies on non-cash benefits provided to employees, including their family members or
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Small business owners have a lot on their plate. From managing day-to-day operations to ensuring customer satisfaction, keeping track of finances can be challenging. One aspect of your financial management that is often overlooked is accounts payable. But what exactly is accounts payable, and why is it essential for your business? In this article, we’ll
How Simplifying Accounts Payable Can Help Your Small Business Read More »
Cash flow is the lifeblood of any small business. It represents the amount of money coming in and going out of your business, which ultimately determines your financial health. However, managing cash flow can be a daunting task, and many small businesses in Australia struggle to maintain positive cash flow. Today, we will discuss six
6 Strategies to Boost Your Small Business Cash Flow Read More »
For small business owners, taxes can be a daunting task. The thought of being audited can be downright terrifying. While tax audits are relatively rare, they can happen to anyone, and being prepared is essential. Tax audits can be time-consuming, stressful, and costly. However, you can survive a tax audit with minimal damage with the
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As a business owner, you’re well aware that staying on top of your finances is crucial for your company’s success. However, managing your bookkeeping can be a tedious and time-consuming task, especially if you’re wearing multiple hats within your business. That’s where outsourcing your bookkeeping needs comes into play. By enlisting the help of a
Outsourcing Your Bookkeeping: The 7 Advantages of Doing So Read More »
Small businesses often struggle to manage their payroll efficiently. Payroll processing requires a lot of time and effort, and small business owners often have to manage this task themselves, which can be challenging. Outsourced payroll services have become increasingly popular among small businesses in recent years, as they offer a range of advantages. In this
Reasons to Outsource Payroll Services for Small Businesses Read More »
Running a small business in Australia can be an exciting and challenging experience. One of the critical aspects of running a small business is managing taxes. In Australia, the Australian Taxation Office (ATO) is responsible for administering taxes in Australia. Read on as we provide this guide to small business taxes in Australia, including the
Navigating Small Business Taxes in Australia: A Guide Read More »
Scams Awareness Week is an annual campaign dedicated to raising awareness of scams, with this year’s Scams Awareness Week being held from 7 to 11 November. As of 31 August 2022, Scamwatch received 146,700 reports, with losses over $381.2 million so far this year (a 100% increase in losses compared to the same period last
Scams – How you can reduce your risk? Read More »
Christmas is nearly here, and it’s a great time to let your customers and team members know how much you appreciate them. But after another unsettled year – it’s not easy to know how much to spend or whether to throw a party. Gifts, cards and donations The traditional professional Christmas gift tends to be
Christmas gifts for your customers and team Read More »
