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5 Trading Account Tips

Trading Accounts can be complicated to look at, but having insider tricks can make it work for you. Traders using trading accounts to hold financial assets such as stocks, bonds, foreign exchange, and other investment vehicles need to know these top 5 trading account tips to make the most of …

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7 Ways to Grow Your Business

Business growth should always be at the forefront of the minds of business owners. However, it can become unclear sometimes just how to achieve that growth. This article seeks to clarify some ways that you can increase the value and size of your business. 1. Increase client retention rate Most …

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Why running a sustainable business improves revenue

Consumers and investors are driving increasing demand for sustainability in the market in response to climate change. Investors are doing so by increasingly seeking accountability and transparency from the businesses they support. As we find new ways to do better business in a sustainability focused environment, now is the time …

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SME Recovery Loan Scheme extended

On December 13, 2021 the Australian government announced it would be extending its SME Recovery Loan Scheme (SMRL) program, which provides small and medium-sized businesses with Government guaranteed loans of up to $5 million to help their business recover from the impacts of the coronavirus pandemic. The SMRL was initially …

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8 Easy ways to pay less tax

Minimising your tax requirements is a well known method for improving a business’ financial health. However, not all business owners know how to make the most of thresholds, deductions and smart money management. You could be paying much higher tax than you should be. By the end of this article, …

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Everything you need to know about annual leave

Holidays are an important part of the working world; if no one ever took holidays, we probably wouldn’t live to an average age of 85. Making sure your employees get breaks is important, and so is understanding leave entitlements. This article explains when and why annual leave needs to be …

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Fringe Benefit Tax explained

In a recent article, we explained how to make your Christmas party Fringe Benefit Tax (FBT)-friendly and avoid some unwelcome surprises. Employers may be confused, or unaware of the scope of FBT, how and when to pay it, and how to reduce it. Knowing the basics of FBT and how …

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How to get a good start in the new year

When it comes to preparing your business to hit the ground running in the new year, the best thing you can do is speak to your accountant. They know the ins and outs of how to properly prepare your business for the new year, whether you close for the holiday …

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The Best Way to Plan Your Work Christmas Party

Planning your work Christmas party can be a huge task and Fringe Benefit Tax can be confusing and add up quickly if you’re not careful. So it’s important to take advantage of all the tax exemptions you are entitled to during this process. In this article, we will discuss how …

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Four things every employer should know about superannuation

If you are an employer, your superannuation is a huge part of the payroll process. Superannuation payments are often overlooked when cash flow gets tight or when internal processes aren’t in place to handle it. Super needs to be paid on time, every month. If not paid on time, you …

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What you should be asking your business accountant

When meeting with a financial professional, be it a financial advisor, a tax agent, or a BAS accountant, it is important to know what to look for when it comes to choosing your financial management team. A few practices you should assess include: Regularly assessing your financial situation Current and …

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RBA keeps cash rate at record low

The Reserve Bank of Australia (RBA) recently announced that the cash rate will stay at 0.10% for an eleventh month in a row, despite continued rapid rises in house prices. It also announced that it will maintain its quantitative easing program. These historically low cash rates have held strong for …

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Trading Crypto As A Company

Cryptocurrencies have been around since 2009 and represent a decentralised form of digital currency. They are not backed by any government, but instead rely on cryptography to process transactions securely. The idea is that they provide a way for people to trade money as quickly as sending an email, with …

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Protecting Yourself from Online Fraud

It’s nearly impossible to fully protect yourself against fraud, but there are some things that you can do to significantly reduce your risk. Taking precautions such as avoiding unsecure websites, being suspicious of emails from unknown sources, not providing personal or financial information when not necessary, and installing antivirus software …

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Onsite vs Remote Employees: Pros and Cons

It’s often a difficult decision for businesses to make. Do they hire onsite employees, or do they hire remote employees? There are many factors to take into consideration when making this decision. Below we’ll explore the differences between hiring onsite vs remote employees and which option is likely going to …

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Small Business CGT Concessions

There are four Capital Gains Tax (CGT) concessions for small businesses that allow you to lessen the impact of a capital gain from an active asset that is being used in a small business. All four concessions rely on the same basic conditions to be met: you’re a small business …

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3 Ways to Get the Most out of Your Advisor

Many small business owners visit their financial advisor at the end of the financial year (EOFY) to get help with things like tax deductions and reporting. However, advisors are a valuable resource you should utilise all year round. If you are only consulting with your advisor every now and again, …

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5 Ways to Kickstart the New Financial Year

Before you dive headfirst into the new financial year, why not take stock, dust off your finances, and use these five strategies to kickstart the new financial year. 1. Streamline your systems Are you doing things the way they’ve always been done? The new financial year is a great time …

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Cyber Security Awareness & Risk Reduction

Two out of every five small businesses have experienced a cyber attack. That is a staggering statistic. So what are you going to do about it? Now is the time to make cyber security and risk reduction a top priority. It is time to review processes and platforms, and determine …

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Get Everything Organised for the End of Financial Year

The end of financial year is fast approaching which means it’s time to get your affairs in order before June 30 to help maximise your tax refund. Here are five options that you could potentially use to maximise your tax refund this year. 1. Organise your records Now is the …

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