How to diversify your business
The unpredictable nature of 2020 means diversifying your business might be a smart thing to do.How to diversify your business
An overview for small businesses of the government’s economic stimulus packages
In response to the economic impact of the coronavirus, the Australian Government has, so far, introduced three stimulus packages to assist small and medium businesses. Here’s the key information you need to know.An overview for small businesses of the government’s economic stimulus packages
Good vs Bad Debt
In Australia, debt is often considered a dirty word. But for many businesses, debt is a healthy way to grow and flourish. Here's how to distinguish good debt from bad debt.Good vs Bad Debt
How to deal with unpaid invoices at the end of the year.
The end-of-year period is a busy time of year for everyone, which means that making sure you’re paid on time can be particularly fraught.How to deal with unpaid invoices at the end of the year.
Making the most of the seasonal ups and downs
"Strike while the iron is hot" - it's an old adage, but holds a lot of truth. So, how do you make the most of the ups of seasonal business? And what can you do during the down times to set you up for peak success?Making the most of the seasonal ups and downs
How best to spend your small business’s time – and money – over the summer period
Whether your business is slowing down or gearing up as this year comes to a close, it’s smart to get those loose ends tied up and some plans in place, so you’re entering the new year ready to go. Here are six things you can do pre-2020 that could help you reap dividends next year.How best to spend your small business’s time – and money – over the summer period
The benefits of decoupling personal and business finance
Access to funding is critical for many small businesses. And, the reality is that traditional lenders don’t typically lend to businesses who don’t have an extensive trading history. As a consequence, many businesses have resorted to using their personal mortgage, a personal loan or credit card to fund their business, with the belief that doing so is a viable and cost effective alternativeThe benefits of decoupling personal and business finance
When timely access to funding makes a difference
At this time of year, many small businesses are starting to think about gearing up in readiness for the next few months as we head towards one of the busiest times of the year – the Summer holiday period. Yet many plans require an injection of funds which may not be readily available at this time of year.When timely access to funding makes a difference
How small businesses can benefit from the $30K instant asset write-off
This year’s Federal Budget raised the instant asset write-off level for businesses to $30K. So, what differ-ence does it make and how can small businesses maximise its impact? We explain.How small businesses can benefit from the $30K instant asset write-off
Single Touch Payroll: What is it and what changes will it bring?
The arrival of Single Touch Payroll is being described as the biggest revolution in tax since the GST was introduced in July 2000. But wrapping your head around how it all works can seem challenging from the outside. We spoke to the experts from the Australian Taxation Office (ATO) about what small businesses need to know. In principle, it’s simple. From 1 July 2019, all businesses with fewer than 20 employees will be required to report their employees' payroll information to the ATO every time they pay them.Single Touch Payroll: What is it and what changes will it bring?
Beyond the basics: Advanced implications of Single Touch Payroll for SMBs
With Single Touch Payroll (STP) on the horizon for all Australian businesses, it will have different implications for different owners. We spoke to the experts from the Australian Taxation Office (ATO) about some of the advanced elements of STP.For some, it will mean little more than hitting an extra key each pay run. For others, it will usher in a new chapter in managing outstanding debt with the ATO.So beyond the basics of Single Touch Payroll, what can Australian small businesses expect for the new financial year?Beyond the basics: Advanced implications of Single Touch Payroll for SMBs
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