SMSF Tips: When is a Self-Managed Super Fund the right choice?
Is an SMSF right for you? Here are 6 pros and 5 cons to consider before setting up a Self-Managed Super Fund
Looking to recession-proof your business? 11 steps to emerge strongly from the next recession
It’s no secret that a slowdown or contraction in economic activities happens from time to time. Many business owners reading this will have experienced the Global Financial Crisis and/or the COVID-19 outbreak. If you still have a business, you clearly made some of the right moves. Which leads to the question – what are the …
Financial planner? Or financial salesperson? How to spot the difference.
Managing your finances, savings and investments is more complex today than ever. Financial planning is crucial, but how do you choose a financial planner?
7 Reasons To Use A Cloud Accounting App In Your Small Business
Remember Walkmans? And later, portable CD music players? And VHS video players? And fax machines? These were all once considered the very latest in technology but are now obsolete. Times sure change. And do you know what else will soon fall into this, “Remember when we used to use…” category? Desktop accounting software. By ‘desktop’ …
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What are 3-way business budgets – and why should you be using them?
Any business that isn’t planning for the future is planning to get left behind. While most business owners know that budgeting is a critical part of their planning, there is some confusion about which components should be included in a budget. There are three critical elements. Together, they provide the oversight you need for your …
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Xero users: Streamline rostering, timesheets & payroll using these tools…
Still using spreadsheets for rosters, timesheets, and payroll? The administrative load involved in efficiently rostering staff, preparing accurate timesheets, and ensuring that everyone is paid correctly can be a huge burden on a small business – especially if you are doing it all manually. If your business involves shift work or hourly work in hospitality, …
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9 ways for small business owners to keep the taxman happy
When Benjamin Franklin said that the only things certain in life were “death and taxes” most people didn’t consider that they may be closely linked. But problems with taxes can lead to the death of your small business unless you take steps to keep the taxman off your back. With sales meetings, recruitment, salaries, cashflow …
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8 apps that make creating quotes and proposals faster (and more effective)
When a prospective client asks you for a quote, it’s a powerful opportunity to make a sale. In fact, with the right response you may be able to ‘seal the deal’ almost immediately. But if you take your time to respond, provide wildly different quotes for similar work, or otherwise send bad signals about your …
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Transition to retirement pensions – back to their true purpose
The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which will remove tax concessions for transition to retirement pensions (TTRs) and bring them closer to their purpose of providing income to members as they transition to retirement. The new rules will remove the tax …
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4 apps to stop late payments affecting your business’ cash flow
Debtors and late-payers—the bane of every business owner. No matter how profitable your business is, it won’t survive without good cash flow. If you can’t pay your bills on time, you may end up trading while insolvent. And that’s not just bad business—that’s illegal. But to do that, you need your clients to pay their …
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