If you’ve recently started a business in Australia, understanding BAS (Business Activity Statement) is crucial to meeting your tax obligations and staying compliant with the ATO.
The new financial year has begun, which means it is now time to wrap up the 2024-25 financial year, here is a list of changes and rates that you will need to be aware of for your business in preparation for the 2024-25 tax return.
Effective delegation frees up time and boosts productivity by allowing others to take on tasks. Assessing the right person, providing clear instructions and setting timeframes results in enhanced team skills, better outcomes and higher productivity.
Your Cost of Sales (CoS) is a vital financial metric to understand. We’ve highlighted 5 important ways that CoS impacts on your operational efficiency and your financial health.
Traditionally, Aussie small businesses are failing to embrace private equity. But Micro Private Equity (Micro PE) could be the driver behind your investment and growth plans.
If you’re incurring expenses as part of your job or self-employment, you can claim some of these expenses back and lower your overall income tax bill.
I’m sure you’ve heard about the need to work ‘on’ your business as well as working ‘in’ your business. But have you ever stopped to think what exactly you should be doing?
Electricity costs for East Coast small businesses could be set to rise by between 4.2 and 8.2%. We’ve highlighted 4 key ways you can mitigate these rising electricity prices.
Find out how AI could be helping your procurement and cost management. We’ve highlighted five ways that AI can enhance inventory management, invoice processing and more.
Do you know the difference between your P&L and your balance sheet? We can explain exactly what each report means – and how it reflects your current performance as a business
Announced in the 2024 Federal Budget as an integrity measure, are changes to the foreign resident CGT regime that will ensure foreign residents pay their fair share of tax.
AI is an important tool for your small business. But what do all these technical terms and bits of jargon mean? Our AI glossary helps demystify AI so you can understand the benefits.
We’ve seen the destructive force of natural disasters. But is your disaster management plan ready for an emergency weather event? Find out five key ways to minimise the impact.
The ATO has released new guidance around the application of Div 7A for guarantees and securities provided by interposed entities for third party loans.
AI has the potential to transform your small business. We’re starting a new series that will show how you can liberate your business using AI and the latest AI agents.