Starting, running and growing a small business can be challenging and daunting. Whether you are driven by passion, an extra stream of income, monetising a hobby or simply a more flexible working environment, entrepreneurs must constantly face up to uncertainty. As a result of the competitive nature of small businesses, looking at your company plans…
Tip Tuesday: Understanding online payroll for small business
If your business employs people then you’ll need to come to terms with payroll. It can seem daunting at first, but the right approach and the right software will help make the payroll process fast and easy. What is payroll? Payroll is a word with two possible meanings. It can mean the accounting process of…
Blog: Instant Asset Write-Off to Increase Small Business Growth & Investment
The Government’s announcement to increase and extend the instant asset write-off is expected to stimulate small business growth and investment. According to business accounting software company, MYOB, 28 per cent of small businesses find cashflow a real pressure. “Anything that helps small business invest in the future of their business is something that should be…
Tip Tuesday: How to make small business accounting fun
Owning a small business is exciting. You get to do what you love, day in, day out. But traditionally, small business accounting isn’t exciting. So how can we change this stereotype and make accounting fun and easy? Small business accounting challenges When we talk to the small business community and accountants and bookkeepers, several things…
Blog: Construction Accounting Basics
Construction is unlike any other business. Building projects can last for months or even years – and you might be both an employer and a contractor. So how do you learn the basics of construction accounting? Why is construction accounting different? If you work in the construction industry, you’ll know there’s rarely a fixed business…
Tip Tuesday: What is depreciation and why should I care?
Depreciation affects your bottom line, your tax bill, and the value of your business. Those are three good reasons to learn what depreciation is and how it works. Here are the basics. What is depreciation? Depreciation is what happens when a business asset loses value over time. A work computer, for example, gradually depreciates from…
Tip Tuesday: 16 Tips for Business Owners’ 2019 ‘To Do’ Lists
January is like the first blank page in a new notebook. What you do during that month can set the stage for success for your business for the entire year. Getting your business off to a great start in a new year requires planning, critical thinking and dedication to executing your strategy. In a recent…
Tip Tuesday – How To Start A Personal Services Business
As our population ages, more and more entrepreneurs are seizing the opportunities in the Aged Care and other Personal Services industries. In particular, the Hunter Valley and Central Coast are growing fastest in the 70+ age bracket across NSW. This strong growth in the higher age brackets is leading to a sharp increase in demand…
How To – Start a Construction Company
The Construction industry is booming and is a great opportunity for people to take the leap and start their own business. If you are considering setting up a business in this industry, then here are a few things you should know about before you start. Choose your business structure. There are a few options…
Tip Tuesday: How to Simplify Construction Invoices and Get Paid Sooner
Construction and trade invoicing is a big job. Create accurate invoices fast and get your weekends back. Apps can take away a lot of the hassle – and help get you paid sooner. Construction invoicing requires you to: record third-party costs track time worked (which can be tough when you have a few jobs going)…
