Five Facts About Business Bad Debts
Should you write off your bad debts at the end of financial year or keep chasing the non-compliant debtor for payment? Natalie Ledlin from Ledlin Lawyers offers five facts to help you decide.
End of Financial Year 2018 Review
What a year! Each year I always talk about what an amazing year we’ve had reaching new heights and how far we’ve come since we started only 7 years ago. To think now, another year has passed, and our growth has well exceeded expectations. Our business has not only created an amazing place for our […]
Missed opportunities for SMBs that go it alone at tax time
Many of Australia’s small businesses might be missing out on potentially valuable tax deductions by not consulting with a financial expert, according to research highlighted by finance and tax software developer Intuit. Conducted with Galaxy Research, the study involved a survey of 400 small business owners in May, this year. The researchers found that, as the countdown to EOFY […]
Getting your finances in order for EOFY
The end of the financial year can be a stressful time for small businesses, especially if your finances aren’t completely in order. Unfortunately, that’s an all-too-common situation. A recent Xero survey found that three-quarters of Australian small businesses still store their receipts in shoeboxes. With the average Australian business churning through 100 receipts and invoices […]
Tax tips for budding startup businesses
Back in our parents’ day, working two jobs meant an around-the-clock commitment. These days, it’s become a lot easier to juggle multiple engagements. You can have a day job in the office to guarantee a regular flow of income, and have a side business. However, as easy as it might be now to juggle a […]
Time to prioritise and get ready for EOFY
As we move towards the end of this financial year, all businesses are taking steps to get everything in order for July 1st. The recent budget has given small businesses a lot to think about, and it’s no wonder some are struggling to prioritise what needs to be done in the next couple of weeks. […]
Time to prioritise and get ready for EOFY
As we move towards the end of this financial year, all businesses are taking steps to get everything in order for July 1st. The recent budget has given small businesses a lot to think about, and it’s no wonder some are struggling to prioritise what needs to be done in the next couple of weeks. […]
How to use the End of Financial Year to strengthen your business
Many small business owners fall into the trap of managing business operations in a routine way without looking at their “side mirrors” or “blind spots” where new opportunities might come into view. However, with the End of Financial Year (EOFY) just around the corner, it’s crucial small business owners use this time to take stock […]
4 areas your business should look at as EOFY rolls around
June 30 is right around the corner and chances are many businesses out there are yet to move on what is needed to ensure the end of financial year is passed smoothly. Here are 5 areas that I believe should be focused on: Advisers If you have yet to meet with your business accountant, get […]
EOFY tax planning for shareholders
With the End Of The Financial Year on the not so distant horizon, it’s a good time to organise your financial affairs and assess whether your investments are structured to give yourself the best tax advantage. Tax planning, or ‘tax-effective’ investing, is a legal way of minimising your tax payable by researching and understanding the […]