When people look at starting their own business, the decision is usually driven by a particular passion. Whether it’s a love of coffee, fashion, design or helping others, there’s a good chance that a part of that passion doesn’t include accounting (unless of course, you’re starting your own…
When it comes to business, nothing can make or break your business faster than cash flow management. Poor cash management or a lack of understanding of cash flow, has seen many, many businesses fail. Despite this knowledge, many business owners still don’t take the time to completely understand,…
Like with every Budget announcement, understanding how certain changes and aspects affect small to medium businesses is crucial. From Single Touch Payroll right through to instant asset write-offs, having a clear knowledge of changes will help you with your business financials. So, what does the 2019 Australian budget…
Do you ever wonder how successful your business is? Where do you even start to look to see whether your business is performing well? Where do you look to improve your current performance? KPIs, also known as key performance indicators, is the best way to help you understand…
Is your business performing as well as it should be? The ATO has provided and updated their small business benchmarks, which is a guide to help you compare your business performance against similar businesses within the same industry. The ATO benchmark methodology has been approved as statistically valid…
There is a lot to consider when running your business. Especially when it comes to numbers and figures, it can be easy to feel inundated with information to ensure that you stay compliant. One of the biggest changes coming to small to medium businesses at the start of…
Opening a cafe is a big dream for a lot of people. Whether it’s the smell of coffee as the sun rises or being able to offer delicious meals to your customers, running a cafe can seem like the ultimate dream job. While you may have heard some…
If you’re running a business, chances are you’ve heard about bookkeepers. But, some people are confused as to what a bookkeeper actually does. The short story is, a bookkeeper is a huge asset to your business who will help you to accurately manage your financial records. They can…
