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30Nov2023
Starting a Micro Business
Starting a micro business can be an exciting and rewarding endeavour. It can also be a lot of hard work and the reality is that most small businesses fail. Often due to poor planning. It is important to carefully consider all of the factors involved before taking the plunge so that your business survives and […]
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30Oct2023
Christmas Ideas for Small Business
Define your strategy and set targetsThis obviously depends on you business. What is the revenue you want to aim for? What are the costs to you to do that? There will be different things to think about depending on if you are selling products or services. Is it low value but high volume sales or […]
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01Oct2023
Tips and Best Practices for Tracking Business Expenses for Small Businesses
Running a small business requires careful financial management and one of the cornerstones of sound financial practices is effective expense tracking and categorisation. By maintaining a clear and organised record of your business expenses, you can make informed decisions, maximise tax deductions, and ensure the long-term financial health of your enterprise. The profit you make […]
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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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- Posted by: user