The phrase “work on the business, not in it” comes from Michael E. Gerber’s book, “The E-Myth Revisited.” Its core message revolves around the idea that there’s a difference between …
As a small business owner, you probably know it’s important to have an engaging website that reflects the image of your company and attracts customers. A great website can give …
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As a business owner, have you ever been caught short of cash? What if I told you that the solution to your cash flow woes might be hiding in plain …
In the unpredictable world of business, finding a little certainty can make all the difference. While the future remains a mystery, tools such as budgeting and cash flow forecasting can …
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Underpaying employees occurs when workers are paid less than the minimum wage or are not provided with their correct entitlements and benefits as stipulated by Australian employment laws. Key factors …
A ‘death benefit nomination’ is a legal document that allows a superannuation fund member to specify who should receive their superannuation benefits in the event of their death. When a …
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An ATO payment plan allows you to break down your payment into smaller amounts made via instalments and spread over a fixed period. Within a payment plan, you pay an …
When it comes to running a thriving business, understanding and effectively managing your working capital is crucial. Essentially, working capital is the cash readily available for the day-to-day running of …
Starting a new business is exciting, but it also comes with its fair share of responsibilities. One of the most critical responsibilities is maintaining accurate records of your business transactions. …
Read More… from Essential bookkeeping practices for start-ups
In the world of business, one constant factor you are likely to encounter is change, particularly in the financial landscape. One such change that can bear significant implications for small …
Read More… from How rising interest rates impact small businesses and ways to mitigate those effects
Starting a business is a wild ride with its fair share of ups and downs. One hurdle many new entrepreneurs encounter is the difference between the profits they expected and …
Read More… from Unravelling the mystery of missing profits: A guide for new business owners
Running a business comes with a lot of financial responsibilities, and as a business owner, you’ve probably come across terms like BAS (Business Activity Statement) and IAS (Instalment Activity Statement). …
Small business owners face a common set of challenges – limited HR or admin staff, long hours, and endless pressures. A new free service offers coaching in problem-solving and stress …
As a small business owner, you’re likely already wearing many hats. But the hat of a financial analyst might seem a little oversized, particularly if your background isn’t in finance …
Asset protection refers to the strategies used to safeguard wealth and assets from potential risks, such as lawsuits, creditors, and financial downturns. Asset protection aims to create a barrier between …
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The Commissioner of Taxation wields considerable authority under subsection 126A(2) of the Superannuation Industry Supervision Act 1993. Under this act, the ATO Commissioner is authorized to disqualify individuals from acting …
Read More… from Why you could be disqualified as the Trustee of your SMSF
In the business world, cash flow remains the lifeblood that keeps your operations running smoothly. Whether you’re a start-up finding your feet or a seasoned business, maintaining a steady cash …
Read More… from The ultimate guide to improving business cash flow
So, you have a great idea. You have dreamed of how it can work and everything adds up in your mind. You are confident that it could grown into a …
Read More… from 5 essential steps to crafting a solid business plan
Xero Beautiful Business Fund applications are now open! Xero recently announced the launch of the Xero Beautiful Business Fund. Itʼs their new initiative, backing small businesses for the future. What …
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Every business encounters financial challenges at one point or another. But when the going gets tough, just remember that you’re not without options. One practical strategy that can help you …
Read More… from Navigating financial pressure: a guide to asset liquidation for your business