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Nine ways to use technology to make business easier

In today’s fast paced business world, technology has become as essential to success as a great idea. It’s a real equalizer that puts even the smallest business on equal footing …

Business Update – 19 April 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Reserve Bank of Australia considers a rate hike The …

Personal Services Income: What you need to know when running a business

It’s quite common for people to structure their professional affairs by setting up an entity to run their business through. This could be a trust, a partnership or, most often, a …

Reducing waste and spoilage: Best practices for inventory management

As businesses grow, managing inventory effectively becomes crucial to staying competitive and maintaining profitability. One key aspect of inventory management is reducing waste and spoilage, which can have significant financial …

Business Update – 12 April 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Federal Court decision shakes up public holiday rostering rules …

Unlocking the secrets of small business cash flow

When it comes to running a small business, maintaining a healthy cash flow is essential for sustainability and growth. Your business can be incredibly profitable but still ultimately fail because …

Business Update – 5 April 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australian house prices surge, but experts are divided over …

4 day work week trials dubbed a resounding success!

A little more than a century ago, most people in industrialised countries worked 60 hours a week – six ten-hour days. A 40-hour work week of five eight-hour days became …

Mastering the Art of Lean Inventory: A Small Business Guide to Just-In-Time Management

As a small business owner, it’s essential to find ways to manage your inventory effectively to reduce costs, optimise warehouse space and ensure customer satisfaction. How you manage your inventory …

How to Succeed at Succession Planning – Part 4

Welcome back to the final instalment of this series in succession planning. Part 4: Drafting your exit plan You’ll also want to work with a team of planning experts who …

How to Succeed at succession Planning – Part 3

Welcome back to this series on succession planning. Part 3: Selling your business If you plan to sell your business, you’ll have to decide whether to sell to a family …

How to Succeed at Succession Planning – Part 2

Welcome back to this series on succession planning. Part 2: Important planning considerations Before you draft a succession plan, you’ll need to spend time giving careful thought to your personal …

How to Succeed at Succession Planning – Part 1

A succession plan is something every business owner needs to prepare for the inevitable – the day you’ll transfer assets and control of your business to a family member, business …

Business Update – 29 March 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Changes to home-based business expenses Businesses operating from home …

Using financial reconciliation to keep your business on track

As a small business owner, you’re likely already aware of the importance of keeping your finances in order. Financial management goes deeper than paying your bills on time and collecting …

Reducing taxes with estate planning

Estate planning is an important process that everyone should undertake to ensure that their assets are distributed according to their wishes after they pass away. However, it’s also important to …

Business Update – 22 March 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Why Australian banks will come out the other side …

Avoiding bankruptcy: Top reasons it happens and ways to prevent it

Starting a business is not for the faint of heart. A certain level of stress comes with carrying the responsibility of ensuring your company’s success. If things go wrong, it …

Time to get Appy!

What Are Accounting Apps? Accounting apps are software programs that allow you to easily access your accounting data from your smartphone or tablet. They’re designed to integrate with your existing …

Should you set up a trust?

When it comes to planning for the future, creating a trust can be a wise decision for many people. Trusts can provide a range of benefits, including asset protection and …