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How to Save Time on Invoice Preparation: Tips for Small Business
As a small business owner, time is one of your most valuable resources. If you find that preparing invoices is eating into your productivity, you’re not alone. Many business owners struggle with this necessary but time-consuming task. Fortunately, there are…
How Accurate Bookkeeping Can Help Small Business Owners Identify Profit Leaks
Running a small business is challenging, and one of the biggest struggles for owners is maximising profits. While increasing sales is important, many business owners overlook another critical factor: profit leaks. These are areas where money unintentionally drains from the…
Tips for Small Business Owners – Lodging Your Tax Return on Time
As a small business owner, keeping up with tax obligations can be overwhelming, but lodging your tax return on time is crucial for avoiding penalties and staying on top of your financial health. Here are some tips to help you…
10 Different Ways to Reward Your Employees
Rewarding employees is crucial for boosting morale, increasing productivity, and fostering a positive work environment. Here are 10 ways business owners can reward their employees: 1. Monetary Bonuses Provide bonuses based on individual performance, team achievements, or company success. This…
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…
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