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Business credit: how a business credit card helps your startup
A business credit card could be an excellent way to start building your company’s credit profile. We’ve listed five benefits of applying for a business credit card. At the early stages of your start-up journey, access to credit can be a lifesaver. Cashflow is tight,...
Your upcoming tax calendar for June 2025
With the end of the current tax year upon us, please do not forget about your final tax obligations for 2025. Here is a list of key tax dates for June 2025. The end of the current financial year is upon us. For most of you, this means preparation to start finalising...
Tax measures proposed by the re-elected ALP
Australian Labor party (ALP) will form the government for a second consecutive term after winning the Federal election with majority seats. We have summarised for you, all tax measures proposed by the ALP throughout their federal election campaign. The ALP has been...
Changes in work from home deduction from 1 July 2024
The way to calculate a working from home deduction using fixed cost method for additional running expenses has been adjusted from 1 July 2024, with the ATO issuing a new hourly fixed rate. The Australian Taxation Office (ATO) has issued new guidelines to help you in...
Five steps to better cash flow
To maintain a healthy cash flow, you need more than just strong revenue. Improve your small business cash flow by implementing Five Simple Cashflow Rules. Need a hand managing cash flow? You’re not alone. The key is getting your invoicing right, by invoicing customers...
Understanding Your Profit and Loss Statement
Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the...
Making your business work for you: work/life balance
You started your business to have the freedom of being in charge. But are you actually working harder than ever and drowning in admin, meetings and other demands on your time? Don’t worry, there are ways to get your work/life balance back under control. In this...
How your accountant supports business development
As your accountant, we won't just look after the financial side of your business, we can also advise you on the strategic side of your company, including the importance of business development as vital part of your growth plan. Business development (BD) is what helps...
Which Xero app is right for your business?
If you’re a Xero user, you’ll know all about the thousands of apps and solutions that you can integrate with your favourite cloud business platform. But do you know what apps other Aussie small businesses are using? And are there other helpful tools in the ecosystem...
How to optimise your business: get proactive with your finances
Keeping on top of your finances is a critical part of keeping your business on track. But are you doing everything you can to optimise your financial management? In this series, we’ll look at some key ways to optimise your business, exploring different avenues to...
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Featured Blogs: Abc’s of Bookkeeping
In today’s digital times, you’re probably used to having unrivalled access to your financial numbers, key performance indicators (KPIs) and cashflow metrics. Without good bookkeeping, the speed and quality of your reporting can quickly fall down.
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