Small business owners need to be aware of tax concessions. While you need to check your eligibility, here are a few concessions may apply:
Often when we have a tough business decision to make we are at a loss as to who we should get advice from. There is often a fear that professionals have their own agenda so we shy away from asking. Instead many people turn to family or friends. While they might have your best interests at heart, they are often ill equipped to advise on business or finances. This can mean that you get the wrong advice and make ill informed decisions.
A good accountant is vital to your business operations. Not only for planning accounting and tax, but for advice on almost all aspects of your operations. Therefore ensuring that you have a good relationship with your accountant is critical.
So how can you increase your chance of getting what you need from your accountant to grow your business? #sydneyaccountants #news #smallbusinessgrowth
Topics: Business accountants, Sydney Accountants, Accounting sevices, Outsourced accounting services, Business accounting, Accounting Firm Sydney, Business growth, Small Business Accounting, Business efficiency
‘Don’t put all of your eggs in one basket’, a saying that has been passed down for many generations. It can be applied across a number of situations, but none more so than asset allocation. Often when it comes to investing there is an area that we might be more confident in. You might have more experience or knowledge in that area, or have had success in the past. You could fall into the trap of investing all of your money in this area because it makes sense to focus on what you know and where you are getting a good return. But all investments can be volatile at times and in order to provide protection and insurance to your wealth you must diversify your portfolio.
It’s almost that time of the year again! For small businesses there may be a sense of dread or trepidation with tax time looming. Nearly all purchases that help in generating income are tax deductible. So here are our 5 top tax tips for small businesses:
We all know start up businesses need to operate in a lean environment. Cashflow is often tight and there are months when there are more outgoings than incomings. As a result most business owners take on as many ‘roles’ as they can in the beginning, for two reasons. Firstly, they simply can’t afford to hire other people and secondly because when business is first starting it is often pretty simple so the business owner is able to do many of the roles within the business.