Trying to do everything on your own is a common small business mistake. So it helps to outsource jobs that are routine, require specialised skill, little skill or are time-consuming. Once seen as a strategy reserved for big business, technology has made outsourcing more achievable for small businesses: and for some businesses, outsourcing has made a mighty impact on growth, … Read More
Easy tips to manage your time better
If small business owners weren’t running their businesses, they would make skillful jugglers because if it’s one thing small business owners do well, it’s juggle their time. Important decisions need to be made while at the same time not neglecting the day-to-day running of the business and managing emails and accounts. In our last 2½ years in business, we’ve come … Read More
How to make your business investment friendly
If you’ve got an idea, or a business but the money isn’t exactly rolling in yet, it’s tough to build a thriving business. Which is why many small businesses and startups look for funding and seek out investors. Venture capital firms are comprised of private investors who research, negotiate and fund businesses in early stages of development. Even some leaders … Read More
5 Exciting updates announced at last week’s Xerocon
Last week we packed up and headed south of the boarder to chilly Melbourne for Xerocon 2015. We joined other accountants and finance professionals to hear about (among other things) loads of exciting announcements across the two day event. Overall, Xero in 2015 and beyond is headed for an even more seamless and efficient platform. They truly have the business … Read More
5 Exciting updates announced at last week’s Xerocon
Last week we packed up and headed south of the boarder to chilly Melbourne for Xerocon 2015. We joined other accountants and finance professionals to hear about (among other things) loads of exciting announcements across the two day event. Overall, Xero in 2015 and beyond is headed for an even more seamless and efficient platform. They truly have the business … Read More
Buying a business? Here’s how to reduce your risk
Are you thinking of buying an existing business? Before you pop your celebratory champagne, remember that buying an established business is a big commitment of time, money and energy. Buying a business and reducing the risk Averting the risk when buying an exiting business is essential to the success of your purchase. Check the following things to reduce the risk … Read More
Exit Strategy: How to successfully exit your business
An entrepreneur lives for the struggle of launching their business. But an often forgotten fact is; decisions made in the beginning can have implications well into the future of the business. As it turns out, once you build the business and your fortune, you need an exit strategy to get the money back out. As accountants we like to … Read More
Location, location, location: Tips to manage multiple business locations
You started your business a few years ago and the hard work has paid off. Business has boomed, and you’ve expanded. But suddenly you’ve found yourself juggling multiple locations and a large team of people. It can seem overwhelming. But with the right strategy, you can successfully manage multiple business locations. Tips to manage multiple business locations Systems run businesses, … Read More
Staff Status: Contractors vs. Employees
The status of your staff is an important distinction. Whether they are employees or independent contractors, both have consequences for the worker and the business owner. An employee can seem to be set up in the workplace in a similar way to a contractor, but generally employees are supplied with all they need to do their job, don’t make … Read More
BUDGET 2015/16: The ‘Have A Go’ Budget
As the Treasurer foreshadowed, this is a highly targeted budget with most spending measures targeting productivity gains. Highlights included: Tax rate for small businesses (under $2m turnover) cut to 28.5%. Franking credits still deemed to be 30%! 5% discount (paid as a tax offset capped at $1,000 per person) for individuals who receive business income as sole trader/partnership/trust. $20k asset … Read More