Five Ways to Bring in More Cash for Your Business
Now is the perfect time to evaluate your financial position and come up with innovative ways to add revenue streams and generate cash. Here are five ways you might consider to improve your cash inflow: 1. Evaluate your current company assets. Take a look at your assets, both fixed and human. Could you make slight […]
Tax Effective Structuring
TAX PLANNING, I cannot stress this enough but tax planning is one of the most important kind of planning to do. Throughout your life, you would plan almost everything, so why not plan your taxes. Since everyone believes they pay too much on tax why not plan ahead before you sell those shares or buy […]
Pricing Strategy
Pricing is a very sensitive topic, it is the fundamental strategy and the overall way of how to present yourself and your company. So first and foremost, you need to be upfront with your pricing strategy, and what you will be charging your client. You need to be able to manage your client’s expectations, as […]
Federal Budget 2020: What it Means for You
The Federal Budget was released on Tuesday 6th October. This article has a good summary of the “Winners and Losers” of the Budget. You’ll also find a recap of the key points below. Key Points: This budget is based on economic assumptions including the roll-out of a COVID-19 by the end of 2021. Tax cuts […]
Major Change to Bankruptcy Laws: What Does This Mean For Your Business?
It has been extremely difficult for many to keep their businesses afloat amid the COVID-19 crisis. Throwing a lifeline to small businesses, the government has overhauled bankruptcy laws to save thousands of jobs and companies on the verge of collapse. What Are The Changes? From the current ‘creditor-in-possession’ regime, Australia’s insolvency laws shifted to a […]
The Future of Tax and the Younger Generation
It would seem over the last few months, tax and finance has stormed to the forefront in the aftermath of COVID-19. Tax has been at the front and centre of many governments around the world for some time as they grapple with the reality of determining a fair distribution of tax between countries. With this […]
Cutting Down on Business Expenses
Tips to cut down on business expenses There are a number of ways to reduce costs in your business without affecting its efficiency. Many businesses are working on a very tight budget and business owners worry that implementing any sort of cost cutting measures will impact efficiency. However, this need not be case, with these […]
5 Environmental Conservation Tips for Small Businesses
While major companies create powerful green initiatives, many small businesses use the excuse of “no resources” to do nothing. However, everyone plays an important role in protecting the environment, and small businesses have a unique opportunity to involve their community of employees and customers. The most effective environmental conservation projects need not cost much more […]
Should you hire remote overseas workers?
The rise of the global workforce has opened up exciting possibilities for small business owners whose growing companies could use an extra set of hands. If you’re wondering whether it’s worthwhile to hire overseas workers for virtual admin support or other business services, cost considerations alone can make the prospect quite attractive. Before you decide […]
3 Advantages of Digital Signing for Businesses
Digital signing, versus the traditional “wet” signature, has become increasingly popular in recent years. More and more countries across the globe have endorsed the legal validity of digital signing, enabling businesses to digitize entire workflows and further optimize management processes. Whether you’re preparing an employee work agreement, finalizing a new client contract, or submitting an […]