Every single day we wake up to changes that impact heavily on the traditional way of doing things. These changes are brought about by innovation. “Future proof” is a commonly used term in the medical and technological field that advocates for the production of products that will stand the test of time and continue to[...]
Sales or business development is the backbone of any business. Without sales, any business won’t have the capacity to operate, hire people or buy equipment. If your business can’t make profits that match your expenses there may not be a future for your business. Most people think cutting fixed expenses can help. Sure, it will,[...]
In a startup environment, it’s not uncommon to find employees who want to grow with your business regardless of the challenges that your business may be facing. Such employees get sold to your business’ idea and want to be part of the journey as they see potential growth. For such employees, rewarding them for sticking[...]
Gone are the days when all that accountants did was file your tax returns and generate revenue statements for you. In today’s world, accountants have become more valuable. This is evident across multiple industries with the latest being the increase of specialised accounting advice for the medical profession. With a myriad of online companies offering free[...]
Your accident insurance policy – which covers your business for the cost of any work-related injuries – is due for renewal. To ensure you are covered for another year, you need to declare your wages information by 31 August 2017. It is important to understand who you should cover for workers’ compensation and what wages[...]
Every business benefits from the professional skills of a qualified accountant, so it is important for owners to establish a good working relationship with a trusted accountant early in the life of their business. Like any other product or service, these skills come at a cost. Just as an astute purchaser would shop around before buying a[...]
No one who goes into business does so expecting to fail, but unfortunately, that is the outcome for many business owners. Several causes keep recurring in the many studies made into small business failures. These are bad management, failure to plan, lack of capital, the wrong business structure and failure to seek professional advice. Why[...]
Bookkeeping is one of the occupations that is enhanced, rather than diminished, by computerisation. The development of accounting software removes the more tedious tasks and allows the bookkeeper to produce reports targeting specific cost centres on demand. This provides business owners and managers with the opportunity to correct problems before they become long term. Bookkeepers Still in[...]
Many small businesses start off as a one-person operation, often in the trades, as a mobile supplier of personal services or working from home. Others change hands because of a sale or some other circumstance. Regardless of how or why a person becomes a business operator, the structure of the business must be decided. There[...]
In Australia, the end of the financial year occurs on 30 June, and with this date fast approaching, all taxpayers – individuals and businesses – should be preparing to close off their financial records for 2016/2017. Tax laws require taxpayers to keep certain records for a specified period, generally five years from the time they[...]
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September 19, 2018
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July 20, 2018
- January 31, 2018