In todayās dynamic business landscape, understanding the intricate relationship between profit, cash flow, and overall business value is paramount. While many business owners can decipher profit and loss statements, the gap between profit and cash flow often remains a mystery. This article serves as a guide for business owners seeking to harness the power of […]
READ MOREHow to measure KPIs in your business
What are Key Performance Indicators (KPIs)? Key Performance Indicators (KPIs) are quantifiable metrics used to evaluate the success of an organisation in achieving its objectives. These metrics are tailored to specific goals and objectives and help businesses gauge their progress towards reaching these targets. KPIs provide valuable insights into various aspects of business performance, such […]
READ MORETop Tips to Avoid Paying FBT This Holiday Season
What is Fringe Benefits Tax (FBT) Fringe Benefits Tax (FBT) is a tax levied by the Australian government on certain benefits provided by employers to their employees, their employeesā family members, or other associates in connection with employment. These benefits are separate from an employeeās salary or wages and can include perks such as the […]
READ MOREMaking a List, Checking it Twice: Business Ownersā Guide to Getting Paid This Holiday Season
As the holiday season approaches, itās time for businesses to gear up for the unique challenges that come with managing finances during the festive period. Here are our top 10 strategies to help business owners maintain a healthy cash flow and ensure smooth operations during Christmas and New Year: 1. Send invoices early: Be proactive in […]
READ MOREEssential cash acceleration strategies
As the holiday season approaches, business owners often grapple with a pressing question: āHow can I maintain cash flow during the Christmas and New Year period?ā The ability to manage cash flow effectively during the festive season is fundamental and can significantly impact your business success going into the new year. In this comprehensive article, […]
READ MOREUnlock insights with your business benchmarking report
Stay ahead of the competition in todayās dynamic business landscape by gaining a comprehensive understanding of industry trends, performance benchmarks, and best practices. Our Industry Benchmarking Report empowers you to assess your business against the industry standard, providing a clear picture of where you stand. What will you discover with our Industry Benchmark report? Discover […]
READ MOREIs it time for a business structure review?
In the dynamic landscape of business, owners frequently face challenges that require them to adapt and evolve. It is crucial to recognise the trigger points that indicate the need for a review of the business structure, and to be proactive in seeking professional guidance. By engaging in such discussions, business owners can understand the potential […]
READ MOREMinimise your Tax Liability with Smart Tax Planning Strategies
Let’s be honest, no one enjoys paying tax – and you should never pay more than you have to. This is why smart tax planning strategies are so important! As we approach the end of another tax year, itās time to take a proactive approach to managing your taxes. In this article we will share […]
READ MOREThe Carefully Calibrated Budget
Treasurer Jim Chalmers delivered his second budget for the Labor Government. The Treasurer’s second budget since Labor took office, it is heavily targeted at addressing the rising cost of living and boosting welfare, all while still aiming for balance, trying to avoid contributing to inflationary pressures, and to continue to foster economic growth and a […]
READ MOREA warning for business owners amidst ATO crackdowns on FBT
As a business owner, you must assess whether you are obligated to report FBT for your employees. FBT, or Fringe Benefits Tax, is a tax that is levied on non-cash benefits that employers provide to their employees in addition to their salary or wages. We have received notice from the ATO they are beginning to […]
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