Some people were taught to save since the cradle and passing over their credit card is painful. Others have no trouble spending their paycheck. Small business owners commonly fit in the former group. However, maximising savings doesn’t necessarily equal success. The term ‘you need to spend money to make money’ is true to life, and we have a few suggestions on what to spend your on to help your business grow.
From time to time we receive phone calls from clients informing us that somebody called them claiming that they were from the Australian Taxation Office. The caller proceeds to inform the client that they have committed tax evasion and that a warrant will be issued for their arrest. It is obvious that the caller is not from the ATO and the sole purpose of the call is to scam the client.
Increasingly, criminals are trying to scam unsuspecting people by posing as another person or organisation through emails. From a quick glance, these emails appear to be legitimate, however, with a little digging, you will find that they are not genuine at all.
STP has been introduced by the Australian Government and it will affect the way in which wage information is reported to the ATO.
[Read more…] about Single Touch Payroll (STP) is coming – What you need to know
Ah, savings. Almost impossible to build in a world where we can’t go without our avocado toast and extra coffees. There are ways to help that bank balance go up instead of down, and you might have heard of them before. Sometimes, though, good advice has to be repeated.
Business improvement is an annual occurrence for some companies and a once-in-a-blue-moon event for others. Bosses and owners spearhead the movement but it’s helpful if the employees know a few things about the process.
Millennials and Generation Y are entering a tough market; housing prices are up as well as the unemployment rate. University is more expensive. Everything costs. The lesson stings less, though, if you start learning early. From accountant to parent, use our tips to help your child get money-smart.
In business, as in life, people shop around for deals to save them money. It’s an instinct. In property investment, though, taking the cheap option isn’t the smartest idea. As the old saying goes, you need to spend money to make money! If you’re shaking your head, let’s look at some of the reasons why.
With the new year come the new year’s resolutions. As a business owner, you might resolve to become more prosperous: earn more, worry less. You can do an in-depth analysis, AKA a business improvement audit, without your accountant.
Going over your finances isn’t fun, unless it’s payday and the numbers have increased. Doing a financial reset at the beginning of the year, though, and setting goals will ease your anxiety in the long term.