Mistakes To Avoid When Registering For An ABN
Mistakes To Avoid When Registering For An ABN Facebook Twitter LinkedIn Registering for an Australian Business Number (ABN) is an essential step for anyone doing business in Australia. It can be an exciting time if you’re at the beginning of your business journey. But even for established businesses or experienced operators, there can be a […]
Fringe Benefit Tax: Record Keeping Tips For Your Small Business
Fringe Benefit Tax: Record Keeping Tips For Your Small Business Facebook Twitter LinkedIn Job perks – most businesses offer them and employees love them. From discounted products and free meals to gym memberships and accommodation, these common employee benefits are a great way to reward, retain, recognise and attract staff beyond standard salary and wages. […]
Lodging BAS: Commonly Asked Questions From Business Owners
Lodging BAS: Commonly Asked Questions From Business Owners Facebook Twitter LinkedIn If you’re a business owner, chances are you’ve heard of BAS, otherwise known as Business Activity Statements. They’re a common (and frequent) reporting tool that keeps the Australian Taxation Office (ATO) up to date on the financial activity of your business, particularly GST and […]
The ATO is cracking down on small business tax debt. Are you ready?
The Australian Tax Office (ATO) has signalled its intent to crack down on collectable tax debt, setting its sights on the $33b currently owed by small businesses. Figures revealed at this month’s Tax Institute Tax Summit showed that collectable tax debt had increased by 89% in the past four years, with small businesses over-represented in […]
What You Need To Know When You Start A New Business
Starting A New Business – What You Need To Know Embarking on the entrepreneurial path can be both exciting and daunting. To transform your business idea into a thriving reality, you need more than just passion and ambition; you need guidance and expertise. The “Starting a Business: What You Need to Know” e-Guide is tailored […]
Take The Leap: Why 2023-24 Is The Perfect Time To Start Your Business
It’s been a dream, an ambition, a burning passion – the idea of running your own business. There are approximately 2.5 million small businesses in Australia built by dreamers and doers who had an idea and made it a reality. Each year they collectively contribute more than $5 billion to Australia’s GDP. What’s stopping you […]
Business Activity Statements (BAS) for Dummies
When it comes to navigating the world of business and taxes, it’s important to stay on top of your business activity statement, or BAS. For many small business owners in Australia, this can be a particularly daunting task. BAS is often seen as a challenging and intricate part of the taxation process, but with a […]
Use these Strategies for getting paid faster
Cash flow is the life blood of any small business and managing it is the most important task of any small business owner. In an environment of rising labour and energy costs, together with other inflationary cost pressures, it has never been more important for small businesses optimise every aspect of their cash flow management. […]
What does Fringe Benefits Tax (FBT) mean to your Business?
Why is this important to me as a small business owner? As small business owners struggle to attract and retain their best staff in times of high inflation, it may be tempting to explore alternative benefits you can offer your staff. However, it is important that you appreciate the hidden tax cost of providing such […]
The importance of a Strong Toolkit and Dashboard to Manage Cash Flow
Managing business cash flow is undoubtedly the most significant challenge that small business owners face. Cash flow is the lifeblood of any business, and managing it effectively is essential for business success. In the current business climate, with price inflation leading to higher costs, managing cash flow has never been more critical. In this article, […]