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What you need to know if you use contractors

In the dynamic landscape of Australian small businesses, ensuring your operations are protected from unforeseen risks is always on your radar. This is especially pertinent when dealing with contractors. Having …

Why managing illness and absenteeism is critical for both business and staff.

Managing illness and absenteeism effectively is crucial for several reasons, impacting both business operations and employee well-being. Here’s why: 1. Business Operations a. Maintaining Productivity Minimizing Disruptions: Absenteeism can lead …

From Passive to Assertive: 7 Practical Tips to Transform Your Leadership Style

Leadership styles significantly impact team dynamics, productivity, and overall business success. While a passive leadership style may seem non-confrontational and agreeable, it often leads to unresolved issues, lack of direction, …

Small business savvy: tips for managing your business finances

When you run your small business, you have a lot on your plate. That makes it tempting to let some tasks slide, especially tasks that are related to finances, which …

Why your small business needs to switch to online accounting

Running a business is hard enough without having to wrestle with out-of-date accounting records. That’s where cloud accounting comes in—a modern solution that can make your life a whole lot …

Dealing with difficult employees in the workplace

Running a small business comes with its own unique set of challenges, and dealing with difficult employees is undoubtedly one of the trickiest. A single troublesome team member can disrupt …

The importance of bookkeeping

As a business owner, you’ll need to stay informed about your finances and your financial situation. You do this through bookkeeping. Bookkeeping is the process of recording transactions in your …

How a business plan will help you, in more ways than you think!

Starting a business without a plan is like setting sail without a compass. While you might eventually reach your destination, the journey will likely be longer and more challenging. A …

How to scale your business with minimal effort

When you’re ready to take your business to the next level, you might start thinking about “scaling”. No, it’s not just a fancy term for growth, it’s about doing more …

How to avoid the pitfalls of insolvency and liquidation

You are in business to succeed but sometimes circumstances lead you down paths that you never imagined traversing. Managing a business to achieve the best results is often difficult when …

Decoding Division 7A – how to avoid unexpected tax consequences.

Borrowing money from a private company might appear straightforward but it’s crucial to consider the Division 7A rules. Otherwise, you may end up paying more tax than expected. To avoid …

The Power of Financial Models

Financial models are invaluable tools designed to help you understand and project the financial health of your business. By simulating different scenarios and examining potential outcomes based on various inputs …

Navigating financial metrics: Why the Current Ratio is key for your business

Ever felt like the term “current ratio” sounds like something straight out of a high school mathematics class that you’d rather forget? You’re not alone. But here’s the thing – …

Are your customers really happy, or can you do better?

Most businesses understand that customer satisfaction is crucial to their success. Happy customers are more likely to remain loyal, refer others, and leave positive reviews. This trend has only been …

Cybercrime and protecting your business

Protecting your business from cybercrime in Australia is critical, given the increasing frequency and sophistication of cyber threats. Here are tailored strategies to safeguard your Australian business against cyber risks: …

Taking care of your health in business

Taking care of your health while running a business is crucial for long-term success and well-being. Here are some strategies for maintaining physical, mental, and emotional health while managing the …

Mastering the Art of Overcoming Procrastination: Your Guide to Taking Action and Achieving Success

Procrastination: The silent saboteur of productivity, the thief of time, and the barrier standing between you and your goals. We’ve all been there—the endless cycle of delaying tasks, making excuses, …

Unlocking Success: Why Selling Outcomes Beats Selling Products Every Time

In today’s competitive marketplace, businesses often focus on selling products or services, highlighting features, specifications, and pricing. However, savvy entrepreneurs understand that the true key to winning customers’ hearts and …

Understanding Tax Deductions for Freelancers and Contractors

For freelancers and contractors in Australia, understanding tax deductions is essential for minimizing taxable income and maximizing after-tax earnings. Here are common tax deductions available to freelancers and contractors in …

Tax Strategies for High-Net-Worth Individuals

Tax planning for high-net-worth individuals (HNWIs) in Australia involves maximizing tax efficiency, minimizing tax liabilities, and preserving wealth through strategic financial management. Here are some tax strategies tailored for HNWIs: …