Financial knowledge is power Monitoring Financial performance indicators is key to business success and achieving business profitability. Could you drive your car any significant distance without knowing some key performance indicators about how your car is operating? These include tools such as How much fuel do you have? What speed are you travelling at? What… Read More »
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Being in business means being busy and often paperwork is being kept in a mess, purely because business owners don’t have the time and/or the desire to look after this crucial step in the business. However getting organised can be achieved in 5 easy to follow steps. First and foremost get an accounting program… Read More »
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Do financial worries keep you up at night? Could your business be performing better than it currently is? If your answer is yes, then you need to know how to source a great bookkeeper not an ordinary one. A good bookkeeper will: do your data entry but may not go the extra mile of… Read More »
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Cloud Accounting is changing the landscape of the bookkeeping industry, creating more cost effective processes, more flexibility to companies and bookkeepers around access of information and a reduction in administration processes. Traditionally, desktop accounting software requires manual backups and an external advisor to view the data. It requires transferring the information by USB, which inevitably… Read More »
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On 12th May Treasurer Joe Hockey released the new federal budget. Small business owners, that is, businesses that have an annual turnover of less then $2 million, have been the main winners. The main small business tax changes have been summarised below: Small businesses will benefit from a reduced company tax rate from 30 per cent… Read More »
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