Uncategorized

Cutting costs can often be the simplest way to improve your businesses profitability. Not only that, but cost-cutting strategies may assist safeguard the business’s long-term competitiveness. We’ve compiled a list of innovative ideas to start cutting costs in your business today. Using the right technology Implementing technology into the business can not only help you […]

As your small business matures, you’ll want to keep an eye out for various milestones to help gauge your business’s performance. The ATO uses external benchmarks to compare small businesses with similar businesses in the same industry as a method to identify businesses that are avoiding tax obligations. It is a little more difficult for

If your business is looking to upgrade or buy a work vehicle or equipment, asset finance may help to boost your business without using cash. Asset financing enables businesses to align repayments based on their cash flow condition. When you have access to the correct equipment and machinery, you may discover that your business is

While SMEs were not on the sideline in this year’s Federal Budget, nor were they in the spotlight. That’s the word from the Council of Small Business Organisations Australia. It says the budget acknowledges small businesses, “but there is a need for greater focus on empowering them, promoting entrepreneurship and providing enhanced reasons to commence

Each year at tax time business owners seek clarity around which expenses they can leverage to optimise their tax commitments. In this guide we explain what is considered a business loan expense and if you can claim it at tax time. Understanding business loan expenses What is a business loan? A business loan functions in

Key factors in running a successful business involve creating budgets, preparing business plans and continually reviewing your financial situation and business performance. If you want to use your budgets effectively they must be examined and altered on a regular basis, especially if your business is growing or wanting to expand into new sectors. Many business

Did you know cash flow worries are regularly reported as the leading stress point of Australian small to medium-sized businesses? Issues like late payers, seasonal downturns, government red tape and lost productivity due to unexpected circumstances (think a global pandemic!) can make managing your cash feel more like frustration than flow. Fortunately, you don’t have to

If you’re a business owner, nobody has to tell you about the importance of cash flow. But many business owners overlook debtor days until working capital becomes stretched due to a late payment or unexpected cost. Limiting the number of debtor days is vital for maintaining a healthy cash flow. It shows you how long

According to the Government’s Payment Times Reports Register, the average payment term for small businesses is 37.27 days. With an invoice finance facility, you can access up to 95% of the invoice value within 24 hours of raising the invoice. Some invoice finance facilities also come with account management services that can save you time

The instant asset write-off is a temporary tax deduction scheme available for all businesses with an annual turnover of less than $5 billion. Recently, the scheme has recently been to cover the tax year 2022–2023. Eligible businesses can now claim an immediate tax deduction for the full cost of qualifying assets installed or in use by