Budgets – Why do I need it and how do it do it?? A question we get asked several times. Really do I need a budget. Well if we do not plan well, if we do not know where we want to go, chances are we are not running the business the way we wanted….
Less than 2 weeks after announcing a very generous stimulus package to both individuals and businesses the government has rolled out a second package that will operate in addition to the first package. The additional spend is equal to $66 billion across both households and businesses. This brings the total investment so far to $189…
Last week the Federal Government released a stimulus package to help keep Australia’s economic head above water. While much of the stimulus package was focused on health resources (of course), there were also some big measures focused on economic stimulus, with small businesses getting a much needed boost in a few areas. In particular those…
Ask any small business owner what they need more of and the answer is always TIME! Running a small business is time consuming and there is often never enough of it. The second response is probably around cash flow. Small businesses need to operate on a lean budget and every dollar counts. So what if…
From 1st July 2019 every small business in Australia that employs staff will need to change their reporting to the ATO. Previously the monies paid to employees were reported annually to the ATO, however, this new system known as Single Touch Payroll will enforce weekly reporting to the ATO. This commenced in 2018 for businesses…
Often people think of bookkeepers and accountants as seperate and performing different functions. Many businesses keep the accountant relationship for the bigger ticket items and hire a bookkeeper for the every day accounting work for a perceived cheaper cost. However, there are a number of reasons why using a registered accountant as your bookkeeper can…
Christmas can be joyous, but when it comes to money we can all feel the pinch. As business owners there can be even greater issues around money and cashflow. So with only a few weeks to Christmas here are my top tips on preparing your business for a stress free Christmas. 1. Review past years…
Cloud accounting software has certainly helped us become more efficient. But now we can take it a step further and bring even more efficiencies with some cool integrated apps. Integrated apps are designed to work in with your existing software and add features that aren’t available within the software itself. Here are my top picks…
If you thought that a CFO or Chief Finance Officer was just for the big companies you were wrong. More and more small to medium sized businesses are including a CFO into their growing team. So what is a CFO and what is the difference between a CFO and a bookkeeper or accountant? Remember that…
Many people who start a business do so because they want freedom. It might be freedom to make decisions or freedom around their time and choosing where and when they work. However, the reality is for many small business owners is that once they start working in their own business they work longer and longer…
