Is Artificial Intelligence a must have for Small Business?

Posted by Azure Group on 07-Nov-2018 11:23:41

Artificial intelligence ("AI") has been around for a while. In fact for the last 30 years it has fuelled most science fiction novels and movies. But it is now becoming more approachable for every day people and many people whether they realise it or not are using it already in their home and office. The rapid growth of ‘smart home’ devices such as Google Home and Amazon’s Alexa demonstrates the consumers appetite for such products. So where does this leave small business?

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Topics: AI, artifical inteligence, small business, Tech Business, Azure Group News, Technology Business

9 Tax Saving Hacks that Small Business Owners often miss

Posted by Tanya Moran on 16-Oct-2018 07:49:06

The 2018-2019 tax year is well under way. Small business owners know that cash flow is often a major worry and stress. Living on tight margins, every penny counts. So make sure you aren’t paying more tax than you need to!

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Topics: taxation, Tax professionals, Australian Taxation Office, Tax, small business, Small Business Accounting, Sydney Accountants

5 Reasons you should understand the Value of Your Business

Posted by Kelly Morgan on 28-Sep-2018 07:00:00

Ever wondered what your business is worth? 
If you aren’t planning on selling in the near future you may not have even thought about it. However, we think it's important to always understand the value of your business and outline 5 compelling reasons why!

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Topics: Business success, Small Business Accounting, Business accountants, small business, Business Growth & Cashflow, Azure Group News, business valuation

Is lack of Financial Record Keeping linked to Company Failure?

Posted by Kelly Morgan on 16-Aug-2018 09:19:47


We all know that the number one reason for companies to fail is inadequate or poor cashflow. However, have you ever stopped to wonder what the other main reasons for company failure are? According to the Australian Securities and Investments Commission (ASIC) the other reasons are poor strategic management of the business, and poor financial control including lack of records.

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Topics: company failure, business failure, cashflow, small business, Azure Group News, Company Director

Why you shouldn't do Business without Terms and Conditions?

Posted by Kelly Morgan on 14-Aug-2018 12:33:31

When setting up a business there are hundreds if not thousands of tasks of varying size that need to be done or considered. When you haven’t even got a client yet it is hard to consider that you need good terms and conditions. Many entrepreneurs think those sorts of things can wait till later.

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Topics: terms and conditions, Startup Australia, Startups, small business, Company Director, Business success, Azure Group News

Key Tax Concessions for Small Business

Posted by Tanya Moran on 09-Aug-2018 08:43:36

Small business owners need to be aware of tax concessions. While you need to check your eligibility, here are a few concessions may apply:

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Topics: Tax professionals, SME tax rates, small business, Sydney Accountants, Accounting sevices, Outsourced accounting services, Business accountants, Azure Group News

Four Tips for Small Businesses to Take Control of their Banking Destiny

Posted by Azure Group on 19-Jul-2018 08:47:37


The news is littered with articles about the powerful banks taking advantage of the small business man. Because of some of these stories many people feel that they are powerless against the banks and their bank holds all the cards. However, the latest Scottish Pacific SME Growth Index highlights some opportunities for SMEs to take greater control over the banking and show that they actually have more control than they thought.

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Topics: small business, Business banking manager, Business banking, Small business loans, Small Business Accounting

Small business, big attraction: Can Small Business Banking be personal?

Posted by Azure Group on 03-Jul-2018 08:36:17


Small businesses are the lifeblood of this country. Making up 99% of businesses and employing over 50% of the workforce yet they seem to mystify the banks. Despite their strong hold on the Australian economy most banks struggle to generate strong returns and therefore don’t always have a great relationship with them.

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Topics: Small business loans, small business, Business banking, Business banking manager, banking solutions, Bank, NAB, Westpac, ANZ, CBA

How to negotiate your Tax Debt with the ATO?

Posted by Tanya Moran on 11-May-2018 15:28:11


Small businesses need to manage a lot of ‘balls in the air’ and one of them is tax. Between their own income tax as an individual, company tax, GST and tax withheld for employees there is a lot of money that needs to be accounted for. In fact small businesses account for more than 60% of the total debt owning to the ATO. So if you have a tax debt here is what you need to know. #news #ATO #taxdebt

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Topics: ATO, tax debt, GST, small business, Business accountants, BAS, withholding tax, director penalty notice, Company Director

Payroll Tax: Is your Business over the Threshold?

Posted by Kelly Morgan on 29-Apr-2018 07:00:00

If you own a business that employs people then you need to know about payroll tax. This is a self-assessed State and Territory based tax imposed on businesses in Australia. The tax is payable when the total wages paid or owed to employees exceeds a threshold. 

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Topics: Payroll tax, small business, Threshold, Lodgement, Tax return, Tax, ABN, State Tax