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Open for Business: Crucial Questions all Startups Should be Asking Themselves

In Latest News | Posted 03/12/2020 at 3:26pm

Starting and running your own business requires a mass responsibility that will undoubtedly involve a significant lifestyle change and a large financial commitment. On top of ensuring that all of your research and planning is finalised, begin your journey by asking if you’re truly ready for the complete life change you’re about to embark on.

To Audit or Not to Audit: A Guide For Small Businesses

In Latest News | Posted 26/11/2020 at 4:45pm

A business audit is a thorough examination of a business’ financial records to verify they are accurate. This involves looking through financial statements and ledgers to make sure that all the figures add up. An audit helps businesses find any errors or discrepancies in their accounting which can lead to problems in your financial reporting

Understanding Accounting: What is a General Ledger?

In Latest News | Posted 13/11/2020 at 5:02pm

Accounts that are typically recorded in a general ledger include assets, liabilities, equity, expenses, and income or revenue. They hold information that is important for preparing a business’ financial statements.

Teaching Kids About Money: Part 2

In Latest News | Posted 30/10/2020 at 8:14pm

To extend on our last article, today we explore some additional skills and concepts that are the basis of good money management. While some of these seem a little complex for young children, the earlier they begin to grasp these concepts, the deeper an understanding they will gather as they get older.

Government Incentives to Support Your Small Business During Coronavirus

In Latest News | Posted 08/04/2020 at 5:06pm

Small businesses are the backbone of Australian. While the future is currently uncertain, it’s as important as ever that small business owners are supported through access to as many incentives provided during this bleak time.

ATO Small Business Income Tax Report: Are You Claiming ALL Possible Business Expenses?

In Latest News | Posted 05/11/2019 at 6:41pm

The ATO has recently reported that nearly 90% of businesses pay their taxes voluntarily or with little intervention from the ATO. While that’s much-appreciated recognition, tax time hurts many small business owners. Come time to do your tax return, are you claiming all of your business expenses?