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 […]

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 […]

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 […]

4 common business accounting mistakes to avoid

A strong financial foundation is critical for growing your business. Avoid leaving money on the table by getting your accounts and processes up to scratch. There are countless businesses who make these four common accounting mistakes: Relying on spreadsheets Incorrectly setting up their chart of accounts Accounting on a cash basis Not using an industry […]

4 Reasons Why You Need an Accurate Business Activity Statement (BAS)

Your Business Activity Statement (BAS) is one of your most important tools when it comes to operating a business in Australia. Keeping your records up to date and accurate will save you time and money when it comes time to submit your BAS. We are going to share 4 reasons why you need to keep […]

Cash Flow Problems? Consider These Tips

Cash flow is the number one reason businesses fail. If you’re in this tough position you’re not alone and we’re here to help you get back on top. We’ll outline likely causes of cash flow problems as well as tips to help you deal with them. What went wrong? Asking this simple question to better […]

What is an Outsourced CFO?

Let’s start with – what is a Chief Financial Officer (CFO)? The CFO is the person responsible for all the financial aspects of your company. The CFO will oversee those responsible within your company for maintaining accurate and timely books and keeping up with tax implications. The CFO will also provide advice and guidance when […]