By: Luke Hally Yesterday Kate Carnell, the Small Business and Family Enterprise Ombudsman, took on the fight against late payments for small business. “Currently, there’s billions of dollars owing to small businesses as a result of outstanding invoices. This money needs to be freed-up so mum-and-dad operators can get on with the job of simply running […]
With End of Financial Year upon us, here are five tips to help you remain on top of your business finances at tax time. At the End of Financial Year for small to medium enterprises (SMEs), business owners can be forgiven for never wanting to pick up a calculator again, with stocktakes, tax declarations […]
BY: DYNAMIC BUSINESS The first few years are crucial for any new business. This is the make or break time that so many start-ups fail to make it through as they look to find their feet. In fact, the Australian Bureau of Statistics says that more than 60 per cent of small businesses shut within three […]
BY: DAVID BRENNAN Running a small business is a stressful job at the best of times but in 2016, small business owners are having to navigate the treacherous waters brought about by a rapidly changing and ultra-competitive market. A Westpac report published recently found trading conditions for Australian SMEs collapsed 14.4% over the second quarter […]
BY: SHARON WILLIAMS Spending too much time sussing out the competition can be a distraction, but when I do, the insights are often important to my SME and my direction as a leader and innovator. This information is occasionally acted upon or at a minimum, it influences my thinking, my team and my business. In a world where the focus is increasingly on […]
By: SAXON MARSDEN-HUGGINS The end of financial year can be a hectic time, particularly for SME business. With books, budgets and tax time on the mind, it’s easy for business owners to cast recruitment plans aside to focus on other aspects of the business. The truth is that end of financial year extends well beyond inventory and overheads, […]
By: GUEST AUTHOR As a budding startup founder, you must have a lot of questions about your potential but you are also probably aware that 4 out of 5 startups fail. So, let’s start this piece with an inspirational story. Meet Frederik Van Huyn, a CEO of Absolute Internship. Frederik started his company with only $2000 in his pocket, […]
By: Max Newnham There was a lot of good news for small business owners in this year’s federal budget. Increasing the Small Business Entity turnover threshold from $2 million to $10 million will allow more small businesses to access the SBE tax concessions. As a part of making this announcement there was a clear statement that […]
BY: GUEST AUTHOR June 30 always seems to sneak up on us doesn’t it? There’s a lot involved in preparing your business documentation for the end of financial year. If you are a small business, it is highly likely that you need to do everything to manage your business, from administration, marketing to bookkeeping. Business is […]
written by: Ritchie Cruz, Principal Director Today, the competitive nature of doing business has necessitated organizations to devise ways or reducing their costs and enhancing their services so as to gain a competitive advantage. Besides, the financial pressures of running a business efficiently adding value to the operations has forced organizations to outsource accounting services. […]
