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The value of cashflow forecasting for your business
Projecting your cashflow pipeline forwards is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash...
Your upcoming tax calendar for September and October 2024
The new financial year is already in full swing, meaning most of you are still finalising your general ledger accounts in order to get the necessary information to us to prepare your final 2024 accounts and tax returns. Others have already got us your information and...
Following up on invoice payment in a down economy
It can feel challenging to chase up payment of invoices when the economy has been down, but it is important to keep cash flowing into your business so you can cover expenses and meet your obligations to others. As with all dealings in more difficult times, some...
Getting your small business tax in order
With the 2023/24 financial year now wound up, it’s time to think about submitting your tax return and making sure you have the cash reserves put aside to pay the company’s tax bill. This short guide to getting your small business tax in order gives you the lowdown on...
How to use forecasts and scenario-planning
For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, this limits the insights you can achieve for...
Tax and compliance changes in effect from 1 July 2024
We provide you a summary of all the enacted legislation that comes into effect from 1 July 2024, these changes vary to apply to individuals, businesses, welfare recipients among others. Stage 3 tax cuts After being enacted with amendments by the Labor government, the...
Budgeting for success: the importance of good financial management
A solid budget is the foundation for your company’s financial management and success. Here are 4 ways to stay in control of your business budgeting
#businessadvice #SmallBusiness #budgeting
Keeping your tax and expenses in check when you are self-employed
Understand your deductions Before you start, it’s essential to understand what expenses you can and can’t claim. This means you’ll keep the right receipts and track the right expenses. Figuring out what’s what can be a little confusing as everyone has a different...
Work-Related Car Expense Deductions
Maximizing Your Work-Related Car Expense Deductions Understanding how to accurately claim work-related car expenses can significantly impact your tax return. Whether you're an employee who uses a personal vehicle for work purposes or a business owner managing a...
Your guide to claiming working from home expenses for 2023–24 income year
Tax time 2024 is fast approaching and with many individuals still working from home partially or completely, this quick guide can assist you with completing the calculations for claiming the deduction.
#expenses #homeoffice
Useful Resources
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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