In today’s fast-paced business environment, business owners are constantly seeking ways to optimise their operations, reduce their operating costs, and maximise their profits. While profitability is undoubtedly an important metric, it is not the only one that matters. As businesses navigate increasingly complex supply chains, rising costs, and ongoing financial stress and pressure, now more […]
READ MOREApplications open for federal government energy efficiency grants
Are you looking to replace or upgrade existing equipment to improve energy efficiency and reduce costs? Then the federal government’s Energy Efficiency Grant is for YOU! Grants are available between $10,000 to $25,000 to cover up to 100% of eligible project expenditure. Are you eligible? You can apply now if you: Are an eligible entity Have […]
READ MORELast call for tax savings: Instant asset write-off deadline looms!
With the instant asset write off scheme set to expire on 30 June 2023, business owners have very little time left to purchase assets to claim the full deduction this financial year. What is the instant asset write-off? The instant asset write-off is a tax deduction that allows businesses to claim an immediate deduction for the […]
READ MOREPractical accounting tips you’ll need for 2023
At Walsh Accountants, our team are committed to elevating your understanding of numbers to help you manage and grow your business. Use these 8 practical accounting tips to run your business seamlessly. 8 top tips to understand and connect with your numbers Using reporting tools (such as Xero, MYOB, etc. or Business Insights and Dashboard reporting […]
READ MORE2023 Business Ready Checklist
Now is the perfect time to set goals for your business to make 2023 your most successful year yet! Having clear goals set for yourself and your business provides a sense of direction, motivation, and a clear focus on what you are trying to achieve for the year ahead. In this checklist you will find: […]
READ MOREBusiness restructure not so taxing with Qld small business duty relief
Thanks to new amendments and legislation passed in October 2022, Queensland small businesses looking to restructure by transferring assets from a sole trader, partnership or discretionary trust structure to a company structure can continue to access either a full or partial duty exemption on the transfer. This makes business restructures not so taxing on business […]
READ MOREBusiness Basics Grant – Round 4
The Queensland Government Business Basics Grants Program is opening for round 4. The Business Basics grants program provides support to businesses to increase core skills and adopt best practice. Your business may be eligible to receive a single up-front fixed grant payment of $5,000 (excluding GST). This support includes funded activities in 5 priorities: Training and coaching (business development, marketing, […]
READ MOREHow high will interest rates go?
The RBA has lifted the cash rate over consecutive months. That leaves us to ask a very important question – How high will interest rates go? Earlier, Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum that “…we’re going through a process now of steadily increasing interest rates, and there’s more of that […]
READ MOREAre you a company director? Do you have your director ID?
If you’re a company director, you must apply for your Director Identification Number (director ID) before 30th November 2022. What is a director ID? The director ID is a unique 15-digit identifier that directors apply for once and keep forever. It is aimed at preventing the use of false or fraudulent director identities. As a […]
READ MOREHow to overcome your customers fear of spending
In a tight economy, a complaint we are hearing from business owners is customer fear of spending and the time it takes to achieve a sale. So, what can you do to overcome their fears and speed up the sales process? Sell the solution not the product Branding is wonderful but unless your brand is […]
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