We regularly publish the latest in business and tax news, tips and tools to educate people to become better business owners.
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How can understanding your numbers impact your business strategy?
Taking a look at your numbers can unlock a wealth of information about your business. Your numbers often indicate where your budget should be spent, which target markets are proving to be lucrative and where investment should be considered. Understanding your numbers will help you to ascertain the impact of each area of your business on cash flow, and ultimately profit.BUSINESS
Grow Your Trades Business By Delegating
When you are busy as a self-employed tradie, you know the feeling of having to juggle many responsibilities. The work is piling up, which is great, but there’s just you to manage it all. You have to manage the projects, deal with your day to day tasks that need to be completed, and you need to manage your finances too.BUSINESS
Rental Property Deductions
Negative gearing occurs where a taxpayer has more rental expenditure than rental income. This may often be the case if there is a large investment property loan balance resulting in a high interest expense or if there is a high amount of depreciation being claimed on the rental property.FINANCIAL PLANNING
Single Touch Payroll
Dealing with tax and the ATO can be a confusing area for business owners at the best of times, and for some of us the move towards online reporting can seem to add to the uncertainty and frustration.BUSINESS
How to Network as a Tradie
Often tradies are a lot more comfortable getting the work done and using their expertise and experience on the job. But when you’re running a trade business, achieving success means activities like marketing and networking are just as important as they are in less practical, hands-on professions.BUSINESS