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How to set your business up for success during silly season

Our best business accounting tips to help you see through the silly season!

It’s been a strange year for all, but regardless, Christmas time comes with both its gifts and challenges for businesses. For retailers, it’s the busiest and most hectic time of y…

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Should your small business have public liability insurance?

If you own a small business, do you really need Public Liability Insurance? The short answer is yes.

If you own a small business, do you really need Public Liability Insurance? The short answer is yes. If you are a small business owner, you already have plenty on your pla…

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All you need to know about auditing

Auditing is very important in the accounting world and take place by examining and verifying a company’s financial records to make sure that transactions are represented fairly and accurately.

Auditing is the objective examination and evaluation of a company’s financial statements. This is usually performed by an external third party but can also occur with internal par…

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Let’s Talk About Cashflow

The success of a business is often measured using cashflow, as it is a key indicator of financial health and of a business is viable and successful - read more here!

Cashflow is extremely important for businesses of all sizes. It is basically the net change in your company’s cash position from one time period to the next. If your incoming cash …

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JobKeeper Payment Extension

Our breakdown of the new JobKeeper extension

With the ever-changing job climate brought on by the COVID-19 pandemic, it’s really important to keep up to date with any updates the Australian Government provides. Earlier in t…

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5 things to ask your accountant that can help your business save

There is never a wrong time to start asking the right questions to your accountant about how your business can better save.

Whether you have just hired a business accountant, are switching accountants, already have an accountant or are just considering it, there is never a wrong time to start asking th…

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How to keep personal and business finances separate

If you haven’t got that clear line between your business finance and personal finance established yet, don’t stress! It’s never too late to start.

It’s easier than you’d think to get your business finances and personal finances mixed up. No matter the size of your business, it is always a good idea to keep business finance a…

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How to transition from in-house to outsourced accounting

Our top tips on how to smoothly transition your business from in-house accounting to outsourced accounting

If your business is starting to grow, self-managing your finances can start to be difficult and overwhelming. It’s not uncommon for businesses who start out doing their accounting…

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The biggest EOFY mistakes businesses make

There are a handful of mistakes commonly made by businesses at the end of the financial year that are well worth keeping your eye out for.

The end of the financial year has a habit of creeping up on us, but it’s not a time you want your business to enter unprepared. There are a handful of mistakes commonly made b…

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Taxable Payments Annual Report

TPAR is the third party reporting of particular tax related information to the ATO by suppliers of certain services.

Taxable Payments Annual Report Running a successful small business can be an extremely rewarding endeavour. However, it does come with its fair share of challenges. There are s…

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Top tips on the hottest tax deductions

Here are a few different things that are worth claiming in your tax return that you might not know about!

Top tips on the hottest tax deductions One of the best and easiest ways to help with your personal tax return and give it a little boost is to take advantage of all the differe…

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Business budgeting tips for the new financial year

Business budgeting can be a pretty massive task, so we have compiled a list of things that we recommend reviewing in your business budget so that you can start this year off with your best foot forward.

Business budgeting tips for the new financial year This financial year has forced businesses to face some pretty difficult and unforeseen obstacles. However, the new financ…

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Selling a business: How do you value your business?

Learn why selling your business for a good price starts with understanding how a purchaser will value your business, and then achieving your target valuation.

  Are you considering selling your business? For most small business owners, their business represents a major chunk of their assets or net worth. For many, they see the eventu…

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Concerned about employee fraud? Discover the red flags & steps you can take to prevent it

What steps have you taken to prevent employee fraud in your business? It’s more common than you think and here’s what you need to know to prevent it…

  Did you hear the news from a couple of years ago about a female employee who committed fraud worth $1.2 million at the company she worked for in Perth?  Employee fraud rem…

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Working on a Business Continuity Plan? 6 Questions You Need to Ask First…

Business continuity planning might be one of the most important moves you make for your business. Get it right by asking these 6 questions before you start…

  Amongst all the upheaval of setting up a new business, it can be easy to forget about all the “what-ifs” that should be considered.  A new business venture is exciting. Wh…

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Does your small business need to lodge a contractor Taxable Payments Annual Report (TPAR)?

With the recent accounting changes for businesses working with contractors, find out if you need to lodge a taxable payments annual report (TPAR) here…

  Apart from being a mouthful, what exactly is the taxable payments annual report (TPAR)?  More importantly, how does it affect your small business?    What is the taxabl…

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Business owners: 4 asset protection tips to prevent financial disaster

As a business owner, your assets are at risk from many unknown circumstances. Be prepared: follow these four tips for asset protection & greater peace of mind…

No matter how big or small your business is or how many assets you possess, asset protection needs to be top of mind.  Nobody wants divorce, creditors, or bankruptcy to derail …

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Costing a new business? The 5 key areas you need to include in your calculations…

Setting up a new business? When calculating the cost to set up a company it’s easy to miss important items. Make sure you have these five main areas covered…

  Starting your own business is such an exciting time but it's essential to keep on top of your finances. They can quickly run away from you… By accurately calculating the c…

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Starting a small business? 4 tips to help new entrepreneurs avoid the mistakes others make…

Starting a new business? Many challenges lie ahead! Follow these tips for entrepreneurs and avoid making the mistakes that other new business owners make…

  Starting out as an entrepreneur can be daunting. A small business is an investment in time and effort and always comes with a degree of risk. Uncertainty, doubts and the p…

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Small business owners: Three steps to prepare a business budget for the next financial year

You know you need one - but where do you start? These are the three simple steps you need to take to prepare a business budget for the next financial year…

  You know you need it - but where do you start? A business budget for the next financial year is a necessity for any small business. Without budgeting and forecasting, i…

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