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10 Ways to Get your Business Out of Financial Difficulties
You’ve worked too hard to get your business to where it is today, to risk losing it due to lack of action or complacency. If your small business is struggling or finances are just not as strong as they used…
How to Hire Your First Employee – Expert Tips
Hiring employees, if done correctly, can be one of the most leveraged ways to grow your business and increase profits. Finding, onboarding and training new employees can take time – especially if you’re new to hiring. It’s a mistake to…
You Should be Tracking this One Thing In Your Business
There’s one key metric in business that’s often overlooked. As the owner of a business, you may already have figures that you track. Such as: You may also be keeping an eye on Profit as a percentage of Sales. However…
Help – I Think I’ve Underpaid my Employees
The majority of Australian business owners would never want to intentionally underpay their employees. It is a fact though that the Australian wages system can be difficult to navigate. Some Awards are more complicated than others and then of course…
Setting up an ATO Payment Plan for Tax Debts
There’s a lot of talk in the business and accounting worlds at the moment regarding small business tax debts and the ATO’s chasing up of these debts. If you need to pay off your tax debt but aren’t sure how…
10 Tips for Getting Your Invoices Paid Faster
Do you find yourself avoiding looking at what invoices haven’t been paid by your clients yet? You’re not alone. Chasing up unpaid invoices is difficult for most business owners, because they tend to have a close relationship with their clients…
Minimum Wages in Australia
We often hear on the news when minimum wages in Australia have been reviewed. The industries that regularly come up in these conversations include the hospitality industry, child care industry and retail industry. Who are the lowest paid workers in…
10 Tips to Manage Your Trust Account Like a Pro
Do you run your own Australian conveyancing firm? Did you find that you were thrown in the deep end with managing your statutory trust account? Or did you have the opportunity to learn the ins and outs of trust account…
Payroll: Tips for Getting it Right
Ensuring payroll is handled correctly is not just about compliance; it’s key in keeping your team satisfied and your business on solid financial ground. In this blog post, we’ll break down the essentials to help business owners streamline their payroll…
Keep it Simple. 5 Ways to Increase Business Profit
Sometimes as business owners we tend to over-think things. I know I do and I need to remind myself to come back to getting the business basics right. If you’re wanting to increase business profits, but have not made much…
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