Maintaining positive cash flow can be challenging for small businesses, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to chase them down; if …
Continue reading “Improving cash flow: How to get paid faster”
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To help you manage your books better and give you the information you need to run a successful business 1. Find a good Advisor When you have Bookkeepers and Accountants that you know you can trust and rely on, it’s going to make everything simpler. They can teach you how complete your Bookkeeping properly and …
Continue reading “Top 10 Bookkeeping Tips”
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It is a common oversight by many business owners in that they believe that engaging a contractor automatically means that they are not responsible for paying any super entitlements or withholding tax. This isn’t necessarily correct, and in fact the ATO and the Office of State Revenue looks closely at the true relationship between a …
Continue reading “Contractor or Employee? – getting it wrong can cost you”
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Small businesses can grow in boom times as well as periods of difficulty by working smarter and taking advantage of opportunities. Put these following effective tips into practise to help grow your business.
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Thank you to all that attended our “Setting Financial Goals & Planning For Success” seminar on Wednesday night. We had a good turnout and really appreciated the amazing feedback. This seminar was number two in a series of three so if you missed out be sure to sign up to the final session:
– Understand & Evaluate Your Business Through The Power of Business Reporting (4 September 2019)
To RSVP to the above great event please contact Sam Ballantyne on 08 9387 0000 or sballantyne@ncaa.com.au
Spaces are limited so RSVP now!
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As Accountants we hear many people ask the question “Why do I need a business plan?” or make a comment along the lines of “I know how to run my business I just want to go out and do it”! Whilst there are many answers and responses to the above it really comes back to two key words; direction and commitment
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Despite being a rather big change to insurance inside super, the word hasn’t really got around. Do you know if you have cover and are you aware of the changes from July 2019?
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With the uncertainty surrounding the federal election (and Labor’s proposed changes to the legislation) now behind us, we can turn our attention to tax planning strategies to help optimise your overall tax position leading into the end of financial year.
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STP applies to all employers from:
• 1 July 2018 for businesses that employ 20 or more people, and
• 1 July 2019 for businesses that employ less than 20 people.
As a business owner, you may appreciate the importance of monitoring key performance indicators but feel overwhelmed by the process—especially if you need to sign into to various applications to access a wealth of unconsolidated data.
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Good planning is a hallmark of all successful businesses.
But before planning comes the “Chemistry Test”… is the business right for you?
The greatest trap many of us fall for is to set too many goals for the new financial year!
We have found that the most successful planning years tend to be when we have a smaller number of strategies, but with targeted plans towards their achievement.
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