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 future options A strong understanding […]
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 a significant amount of time, […]
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 no need for banks or […]
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 that will regularly scan web […]
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 work for your business. Onsite […]
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 with an aggregated annual turnover […]
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, you’re probably not making the […]
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 to take a critical look […]
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 what scams or cyber attacks […]
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 time to collate and organise […]
