Blog
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05Sep2023
What are the four types of business structures in Australia?
In Australia, there are four primary business structures: sole trader, partnership, company, and trust. Each structure has distinct characteristics, advantages, and disadvantages. Here’s a comparison of the key differences among them: Choosing the right business structure in Australia depends on factors such as liability concerns, tax implications, management preferences, and long-term goals. It’s advisable to […]
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31Jul2023
Use Facebook’s new Threads app for your business right now
Unless you have been living under a rock, you have probably heard about the new social messaging app Threads. Introduced by Facebook (or Meta as it likes to be called nowadays). It is a competitor to Twitter and was set up in response to the takeover of Twitter by Elon Musk. Basically, this is so […]
- Tags: Small business
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- Posted by: user
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30Jun2023
Get your business ready for the next financial year
Review and update your business plan! What do you want to do and how do you intend to do it? The 2023/2024 financial year is going to be challenging. You need to think about inflation, rising interest rates, rising energy costs, the possibility of a recession and more. You need to guard against difficulties but […]
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31May2023
Should I enrol into Pay As You Go (PAYGI) instalments
Pay As You Go (PAYG) instalments is a system that allows individuals and businesses to pay their income tax in instalments throughout the year where the income coming in is not otherwise taxed. This helps to spread the cost of tax over a longer period of time and can help to avoid a large tax […]
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30Apr2023
Setting up online accounting software
Setting up and running online accounting software for a small business can be a great way to streamline financial processes, save time, and improve accuracy. It can make keeping the books faster and easier and that means more time to concentrate on your business. It also means less mistakes and wasting time trying to track […]
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01Apr2023
Cyber security and micro businesses
A micro business in Australia is usually taken to mean a business of 1 to 4 people. That might be a single sole trader or a boss and a couple of employees. Almost half of all business cybercrimes in this country are against Small and Medium Enterprises. Small businesses are far more vulnerable than big […]
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01Mar2023
Search Engine Optimisation for small business
Do a search in Google for a product or service that your business provides. But make sure that you are doing it in an “incognito” or “private” page (Google knows what you look at and uses that to provide an answer to your query. Doing it this way means you would see what I, or […]
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31Jan2023
How to set up an operating budget for your small business
Most businesses and that includes long running businesses as well as new ones, have only a hazy idea of what they are spending as a business over time. That means they don’t know where they can improve or how to plan for the short term future as well as the long term health of their […]
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22Dec2022
Prepare for 2023
Hard to believe but there is a whole new year ahead. Hopefully everyone has had a nice Christmas but now it’s time to get ready for the coming year. Here are (in no particular orders) some tips about what to think about to make your business prosper and dangers you need to think about. Get […]
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01Dec2022
How to write a great job ad
At the moment most employers are having a hard time attracting the right person for the jobs they have that desperately need to be filled. Or sometimes any people at all. Many employers cite staff shortages as the biggest problem facing their business. This isn’t a problem that is going away anytime soon and there […]
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