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 […]
The hardest thing to understand in this world is ‘income tax.’ Every small business owner tries various ways to minimize the tax legitimately. Unfortunately, nine out of ten small business owners pay more tax than they are obliged to. So, it is advisable that they should seek the advice of tax agents to minimize it. […]
Accounting and financial services have come a long way over the years. Accountants have used mere rocks to run their numbers in ancient times, and now have become smarter and inclusive. The reason behind so many people use accountants is for the huge advantages they offer. You can try and manage your finances by yourself, […]
Doesn’t it astonish you that only 30% of the local businesses will survive to the next generation? What is the reason behind such failures? Maybe, the reason of having unprofessional advisories is the most important aspect behind it, which should be considered wisely while setting up a new business or handling a sustained entrepreneurship/business. Business […]
As a business owner, you make hundreds of decisions daily… What task should you prioritise…? How should you respond to a particular email…? How can you increase your sales…? Is it wrong to take Christmas holidays in July…? The list is endless. Because we are frequently making these decisions, we don’t often stop to consider […]
With a handful of exceptions, GST is charged on every single purchase we make. Of course, you’ve only got experience with the customer side of the GST equation. Now that you’re opening up your own small business, however, it’s important that you understand how the business side of GST works. It’s crucial that you understand your obligations […]
