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  • 27
    Aug
    2024
    A big company skyscraper.

    How Small Businesses Can Compete with Large Companies

    In today’s competitive market, small businesses often feel overshadowed by larger enterprises. In Australia big businesses are often multi national with big staffs and even bigger money. With their vast resources, extensive networks, and established brand recognition, big businesses seem to have all the advantages. However, small businesses in can not only survive but thrive […]

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  • 31
    Jul
    2024
    Small business owner going over records for a tax audit.

    Tax Audit Insurance: Protecting Your Small Business

    Advances in information technology (AI) means that the scope and ability of the ATO to closely and forensically examine tax returns has increased enormously. This includes current but also past tax returns. That means the ATO will use AI systems to go back through your current – but also past, tax returns and might (for […]

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  • 30
    Jun
    2024
    An accountant goes over a paper ledger.

    Accountants and Bookkeepers: A Guide for SMBs

    Tax time is here and most businesses are going to be looking for – or spending a lot of time with, an accountant. Here is a guide on how to get the very most from your bookkeeper and accountant. What Bookkeepers can do for you For small and medium-sized businesses (SMBs), effective bookkeeping is essential […]

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  • 31
    May
    2024
    A pile of paperwork for BAS

    Back to Basics: Understanding Goods and Services Tax (GST) in Australia and How to Complete Your BAS

    The Goods and Services Tax (GST) is a fundamental component of Australia’s tax system, impacting businesses of all sizes. Understanding GST compliance is essential for ensuring your business operates smoothly and avoids penalties. This guide will provide an overview of GST, compliance requirements, and practical steps on how to complete your Business Activity Statement (BAS). […]

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  • 01
    May
    2024
    Hands on the steering wheel. Driving to work.

    Claiming Tax Deductions For Your Work Car

    Whether you’re a business owner, freelancer, or an employee who uses a car for work purposes, understanding how to properly claim car tax deductions can significantly enhance your tax refund. In Australia, the Australian Taxation Office (ATO) allows individuals and businesses to claim expenses related to the business use of a vehicle, but knowing the […]

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  • 31
    Mar
    2024
    Blackboard about planning and strategy.

    Create a Profit Plan for Your Small Business

    A profit plan is an essential tool for any entrepreneur or small business owner striving for financial success. It serves as a road map to guide your business towards profitability by outlining what you want to achieve and how you are going to achieve it. This guide will walk you through the basic steps of […]

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  • 31
    Jan
    2024
    Australian bank notes with a dollar coin on top.

    Business Accounting Best Practices for Your Business

    Accounting might not be the most glamorous aspect of running a business but it’s undeniably crucial. Accurate and efficient financial management is the backbone of any successful business, providing insights that drive informed decisions and propel growth. Whether you’re a sole trader, large business, seasoned entrepreneur or just starting out, implementing strong accounting best practices […]

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  • 26
    Jan
    2024
    Scrabble tiles speilling out adwords.

    Google Ads: A Small Business Guide to Ad Campaigns

    How Google Ads Works: Imagine a virtual auction held every time someone searches on Google. Businesses like yours bid on relevant keywords and the highest bidders get the prime ad spots. These ads can appear above or alongside search results, on partner websites, or even on YouTube videos. So if you are selling cakes and […]

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  • 30
    Nov
    2023
    Guitar craftsman at work

    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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  • 30
    Oct
    2023
    Christmas gifts

    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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