Poor cash flow is one of the biggest contributors to small business failure. To beat the odds and succeed in business, it pays to conduct regular cash flow forecasts. Here’s what it should include. What is your anticipated income? This figure is an estimate of what you expect to bring in from sales. Make sure […]
Truth be told, paying taxes is not fun. It entails the stressful preparations you need to do to take into account all of your income. On top of that, it involves seeing a significant percentage of your earnings slip out of your hand. Nevertheless, paying taxes diligently and promptly is something that must be done. […]
Cash flow is the lifeblood of a small business, and in light of our current global economic crisis, cash flow management is even more critical than ever before. So how can your business focus on cash flow management as restrictions ease and our country begins to reopen? Well, here are 5 top tips on how […]
As expected, the Government has announced further tax relief for low and middle income earners building on last year’s Personal Income Tax Plan which is already legislated. This relief is provided by way of: from 1 July 2018 until 30 June 2022, a significant increase in the Low and Middle Income Tax Offset (LMITO) from […]
Building a bridge to recovery In what has been billed as one of the most important budgets since the Great Depression, and the first since the onset of the COVID-19 pandemic dragged Australia into its first recession in almost 30 years, Treasurer Josh Frydenberg said the next phase of the journey is to secure Australia’s […]
As COVID-19 continues to impact the way businesses operate and consumers shop, many small businesses may struggle to stay afloat, let alone thrive. Below are some of the simple, yet effective, ways on how you can build a stronger brand, earn more sales, and survive in these uncertain times. Showcase locally-made products Now, more than […]
Australia is contending with the high unemployment rate since the year 2015. There are close to around 1 million people who have filed for the unemployment as the result of Covid-19. While, there are around 5 million who relies on the government job keeper and job seekers. With respect to various payment scheme, there is […]
There has been a major rise in real estate investment in Australia in recent times and it is not really difficult to see why this is happening. It is a sure thing that demands for houses will continue to rise as the population of any country continues to increase but in addition to this, there […]
Do you operate through a company structure? If your answer to this is a yes then answer this next question. Has the company advanced you some money during the year or taken care of some expenses on your behalf? If you have a ‘YES’ answer to this too then it is actually time for you […]
There has been a number of high-profile businesses in the media recently for the wrong reason. They have been accused of underpaying their staff including television celebrity chef George Calombaris’ restaurant group who back-paid workers $7.8 million in wages. More recently, supermarket giant Woolworths has admitted underpaying about 5,700 of their salaried staff an amount […]
