Blog & Resources
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Budget 2024 is here, and it’s packed with tax relief measures to help you keep more of what you earn. If you have children, you’ll see an average benefit of $78 per fortnight. In total, around 1.9 million households will benefit by $60 per fortnight on average. The tax bracket thresholds have not changed in […]
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When you’re operating and managing a small business, you have a finite pot of cash to work with. Because of this, it’s incredibly important to manage your cash well and to have clear budgets and spending limits for every area of your business operations. Let’s take a look at why budgeting is such a vital […]
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If you received a Small Business Cashflow Loan (SBCS), is your repayment plan on track? The scheme was launched to assist eligible small-to-medium businesses adversely affected by COVID-19. A top-up loan allowed businesses that had already accessed a loan to draw down an additional $10,000 with a new repayment period of five years. Applications could […]
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Investing in rental properties can be a great way to grow your wealth over the long term. But it’s not a passive investment – you need to maintain your properties and take care of your tenants. You can do that work yourself, or you can employ a property manager who can do the job for […]
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Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings. As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuable […]
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Selling your business is a big move for any owner. You’ve built this company up, scaled it and put years of hard work into it. So when the time comes to sell, you’ll want to know that you’re getting the best price, and the best future for your legacy. We’ve outlined five ways to maximise […]
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Understanding tax payments can feel tricky so we’ve broken down the basics of Provisional Tax and Terminal Tax. These two tax types are essential to managing your business finances and understanding them can help you avoid the infamous ‘second year tax shock’ that many new business owners face. Provisional Tax is an advance payment on […]
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The curtain has officially fallen on the 2024 financial year. As we bid farewell, it’s time to wrap up our accounts and take stock of our financial performance. If you haven’t done so already, it’s important to ensure that your financial records are up-to-date and accurate. Reflect on the past year, take note of all […]
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Regular bank reconciliations are an important part of managing your finances. They are the process of matching the transactions in your financial records with those recorded on your bank statement. This is a critical process that helps identify and rectify any discrepancies or errors between your software and the transactions recorded by your bank. Bank […]
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2023 provided its fair share of challenges, highlights, and opportunities, with many businesses and people feeling the pinch, prompting us to reflect on our resilience and adaptability. From adversity can come opportunity. As the new year begins, it’s time to reflect on the past year, celebrate the highlights, and think about what brought the adversities, […]
