In today’s fast-paced business environment, maintaining accurate and organised records is essential for the success and growth of any enterprise. By implementing effective record-keeping practices, businesses can gain valuable insights into their financial situation, make informed decisions, manage cash flow, avoid tax penalties, and reduce stress during tax time. If you aren’t already keeping accurate …
It can be hard to manage if digital cash flow process and modernisation is not in place. That’s why it’s important for small business owners, accountants, entrepreneurs, and investors to understand how modernising their cash flow processes with digital technology can streamline the management of their financial transactions. Whether you currently have inefficient or manual …
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How Accountants Can Help Save and Make Money for Your Business in 2023/24 Are you a small business owner looking to increase your revenues and profits? Have you ever thought about how an accountant can help you save and make money for your business? As a business owner, you know that it’s important to keep …
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Changes are coming to the way superannuation is paid to employees. Starting from July 1, 2026, you will need to pay your employees’ super at the same time as their salary and wages. WHAT YOU NEED TO KNOW The way superannuation is paid to employees is changing, with the Australian government implementing new regulations. Starting …
Claim Fuel Tax Credits and Reduce Your Business Expenses in 2023 If you own a heavy vehicle, you can apply for fuel tax credits to help with the cost of eligible fuels used. We understand that running a business takes hard work, and savings do matter. With the periodic lodgement of fuel tax credits to …
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Business cash flow is generally categorised as the amount of money that comes in and out of your business. Recording your income and expenses helps you better manage your cash flow and plan for the future. Keeping an eye on your record-keeping and reporting tasks will help you manage your cash flow. Planning prevents you from …
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Businesses, especially those with smaller groups or those starting, may encounter challenging financial problems when they launch their company. As the level of responsibility and risk goes through the roof, accounting tools such as cash flow forecasts may be the answer to keeping the business moving. Cash flow forecasting is the process of estimating how …
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More and more developers and individuals are wanting to achieve a positive cash flow on rental property from day one of owning it. If you have a rental property, one strategy is to have a positive cash flow over the life span of holding the investment. If you are well-versed in the property world, you …
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