Staying sane during tax time
It’s almost 1 July, you know what that means right? Tax time is looming, and it’s time to finalise your EOFY to hit the ground running. You’ll need to organise tax returns, refresh your business plan, balance your books, do a year in review, consult…
4 ways businesses can honour National Reconciliation Week
27 May – 3 June marks National Reconciliation Week in Australia. This is an important time to consciously recognise and respect our nation’s first people and consider the way we can move toward a more inclusive and respectful future. “National Reconciliation Week (NRW) is a…
“Do I grow my business and put on more staff or stay as I am?”
“My sole trader clients often have questions about business growth and taking on new staff. I often draw from my own experience as a business owner when advising them. After all, I’ve navigated these very same questions in my own business life.” While fast-tracking business…
What do rising interest rates mean for your business?
In case you’ve been on safari or an extended sailing trip, you’ve probably heard that on Tuesday 3 May 2022, the Reserve Bank of Australia (RBA) raised the benchmark interest rate to 0.35 percent—up from a record low of 0.1 percent. With the last interest…
Maximising Mother’s Day for your business
If you run a small business, you have an excellent opportunity for a sales promotion coming up this Sunday 8 May… it’s Mother’s Day! Mother’s Day is a prime opportunity to up-sell walk-ins, ramp-up retail sales, and convert a surplus of bookings into loyal clients….
How to ensure good cash flow in 2022
It’s been a tough two years for Australian small businesses, to say the least. Pandemic induced shutdowns, reduced consumer confidence, low foot traffic, employee lay offs and the ever-looming threat of getting sick. Yes, there was some reprieve through state and federal grants and support…
How do pay yourself as a business owner?
Once you go into business for yourself, you’re obviously no longer receiving a stable salary from a business who employs you. No kidding, right? So, when all the dollars and cents flow though you alone, whether expenses or income, you have to deftly manage how…
Budget drop! Key takeaways for your small business
There we have it – the federal budget for 2022 has dropped and we can now get a clear view of what this means for small and medium businesses in Australia. While replete with election winning tactics and dangled carrots, time will tell how this…