Your business is up and running and you understand what works and what doesn’t. Now you’re ready to take a step back and be strategic about how – and when – to grow your business. 10 steps for business growth Seeing an opportunity for business growth can be exciting. But turning your big idea…
Tip Tuesday | 9 Steps to an Awesome Invoicing Process
You need billing to be fast and accurate. Because the sooner invoices go out the door, the sooner you get paid. These 9 suggestions could make your billing better. 1. Set a billing schedule It’s tempting to give preference to paid work and put invoicing off. But no work is paid without invoicing, so…
Tip Tuesday | Small Business Bookeeping for Beginners
Tip Tuesday | The Best Inventory Management Software for Small Business
There’s more to inventory management than keeping track of your products. When to order stock, how much to order, and how much to sell it for can feel like trial and error. But inventory management software can remove the guesswork and give you greater control of your business. Why you need inventory management…
Tip Tuesday | Getting Your Head Around Small Business Payroll
If you’re starting to employ people, congratulations – business is obviously going well. And welcome to payroll. Here’s your introduction to the basics of pay, deductions, and dealing with the tax office. What does payroll mean for small business? At a basic level payroll is giving with one hand and taking with the other. You…
Blog | ATO Toughens Stance as Employers Hit with Rolling Superannuation Guarantee Audits
Employers are increasingly being subjected to a rolling series of audits by the ATO where they slip behind on their Superannuation Guarantee (SG) obligations as the Tax Office now taking a harder line on non-compliance, warns a technical expert. Insyt chief executive Darren Wynen said the focus by the federal government on SG non-compliance has…
Tip Tuesday | 10 Ways to Stay Out of Debt!
Bad debt and late payment can be problems for almost any business. What’s the best way to handle them? Here we look at ten ways to stay out of debt and reduce the impact of debtors. Stay in control of the money you’re owed Business owners often worry about payment. That’s especially true in the…
Blog | Paying Land Tax On Property You Own
It’s land tax time of year! Whether you need to pay land tax on your property depends on: the type of land what it’s used for, and its total value as at midnight on 31 December each year whether you meet the definition of a foreign person for land tax purposes. Exemptions and concessions In…
Blog | Call for more Government Support by Australian Small Businesses.
Over two-thirds (71 per cent) of small business owners say the federal government is not doing enough to support them, in a new study by accounting software provider Reckon (ASX:RKN). Government red tape is considered the biggest obstacle to creating a start-up in Australia, with over half (52 per cent) of SMBs agreeing. The survey, which…
Tip Tuesday | What is inventory accounting and why do it?
Inventory is the biggest cost facing many businesses. But what is it, exactly? We look at the many forms inventory takes and explain what inventory accounting is for. What is inventory? Inventory is the items that your business has bought with the intention of reselling to customers. The items may be resold without change, or…