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Debtor Days: The Key to Staying Liquid and Driving Business Growth

Debtor Days: The Key to Staying Liquid and Driving Business Growth

When it comes to managing your business’s cash flow, debtor days is one of the most important metrics to track. Like any good metric, it’s not just a number – it’s a reflection of how quickly your business can convert outstanding invoices into cash. Keeping...
Minimising Liability This Holiday Season: Fresh Strategies for 2024

Minimising Liability This Holiday Season: Fresh Strategies for 2024

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 Your Business Strategy: Sole Traders & Business Owners

Adapting Your Business Strategy: Sole Traders & Business Owners

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...
Breaking Even: Where Profit Meets its Match

Breaking Even: Where Profit Meets its Match

Starting a business is an exciting journey, but it’s also filled with important financial decisions. One of the most crucial concepts you need to understand early on is the break-even point. This key financial metric tells you when your business will start...
Depreciation 101: What is it and why is it important?

Depreciation 101: What is it and why is it important?

Depreciation is a fundamental concept in accounting and taxation that allows businesses to allocate the cost of assets over their useful lives. This practice not only helps in spreading out expenses but also impacts taxable income, reducing the tax burden for...
Strategic Tips as Q3 Draws to a Close

Strategic Tips as Q3 Draws to a Close

As we approach the final stretch of Q3, local small and medium-sized business (SMB) owners are presented with a crucial opportunity to assess their financial strategies and make any necessary adjustments before heading into the last quarter of the year.  1. Reflect on...