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Latest news, tips, insight and updates to help you grow your business.
Does My Small Business Need to Register for GST?
If you’ve heard of GST, but unsure about it, you’re not alone. One of the most frequent questions we got asked by small business owners is around GST. GST stands for Goods and Services Tax. It’s a...
Managing Your Cash Flow for a Stress Free Holiday Season
With everything that’s happened this year, Christmas break is welcomed by most people. It’s a chance to spend time with family and friends. It’s also a good opportunity to recharge for the year ahead. But for a...
How To Use Your Revenue Drivers To Improve Sales
We all know that in order to make money in your business, you need to generate revenue. But how well do you know what your revenue drivers are? You produce revenue through your usual business activity, by...
8 Important Things to Check When Preparing Your BAS
If your business is registered for GST, lodging Business Activity Statements (BAS) is part of your obligatory requirements, just like lodging a tax return. While the ATO has made the processed more streamlined, many small business owners...
A Quick Summary of the 2021 Federal Budget
The government has handed down the 2020-21 Federal Budget after a postponement because of the coronavirus pandemic. The announced measures will affect individuals and businesses. Proclaimed as the most significant Federal Budget in decades, Treasurer Josh Frydenberg...
How to Decode Your Balance Sheet
Do you know the story your Balance Sheet tells you about your business? If you’re not familiar with it, it may seem confusing at first, but it’s actually not that hard once you understand what to look...
Why You Need to Understand Your Financial Reports
If you are like many small business owners, looking at your financial reports can seem daunting, and as a result, you put it at the bottom of your to-do-list. However, your financial reports are more than just...
Simple Tips To Maximise Your Allowable Tax Deductions
Are you capturing all your allowable tax deductions to make the most of your income tax return? Individuals and employees can claim for general work-related expenses and occupation-specific expenses and working from home expenses. Income The Australian...
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