If you’re a business owner in Australia, managing cash flow is a constant priority. One key metric that can help you assess and optimise your financial health is working capital. But what exactly is it, and why does it matter? Working capital is the difference...
The holiday season is a time for celebration, but it’s also a time to stay mindful of Fringe Benefits Tax (FBT) when planning parties and gifts for employees. Here’s how you can minimise your liability while ensuring a memorable festive season. 1. The $300 Minor...
Adapting to economic changes, industry trends, and customer demand is vital for any sole trader or business owner. Understanding these factors helps you adjust your strategies to manage growth, control costs, and drive revenue effectively. Staying informed can help...
For new sole traders, managing Goods and Services Tax (GST) can seem daunting, but it doesn’t have to be. With the right tools and advice, you can easily manage GST while keeping your focus on growing your business. Let’s break down the basics of GST for sole...
In today’s fast-paced business environment, small to medium enterprises (SMEs) face significant challenges in managing their finances efficiently. Traditional accounting methods can be cumbersome and error-prone. Adopting modern solutions, such as cloud-based...
