In a tight labour market and an even tighter business market, most businesses are looking for innovative ways to stay competitive and financia…
Author: Mike McNab
It’s about time we got off the crazy vicious cycle that we’re currently on. That cycle that has us out of control, drowning in overwhelm and at ris…
As we get closer to EOFY is it timely to start getting your business ready. Finalising your business accounts for the end of the financial year is more than just making sure everything reconciles! In addition to ensuring that your business meets its financial obligations and comply with tax laws, it also helps you make […]
Are you recording, measuring and analysing enough of the data being generated by your business? With so many apps and digital solutions now available to businesses, there’s a wealth of useful data to trawl through – and plenty of hidden insights for you to benefit from. Here are 5 ways to get more insights from […]
Once you begin trading, you’re faced with a new challenge – successfully tracking KPIs and managing the performance of your brand-new business to make sure it’s a profitable enterprise. It’s easier to manage your startup’s sales and finances when you have access to the best possible information and data about your performance. Tracking specific metrics […]
When you’re a small business owner, sole trader or freelancer, asking for payment on overdue invoices can be a delicate matter. Without an accounts person or department, sometimes you’re trying to secure new work and chase invoices from the same person. That can be an awkward tightrope to walk. Here are five tips for chasing […]
Critical services businesses provide key infrastructure, and are part of critical supply chains. Businesses can access the Close Contact Exemption Scheme to ensure their critical services functions can continue. During Phases Two and Three of the Omicron response, employees at businesses who are registered critical services providers who are vaccinated and asymptomatic close contacts of a […]
Is your business using e-invoicing? It’s a fantastic way to protect yourself and your customers from invoice fraud and scams, and it can help you get paid faster. E-invoices replace emailed PDF invoices or links to online invoices. Instead, e-invoices are delivered securely to your clients, even across different accounting systems. Preventing invoice fraud Invoice […]
Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these seasonal dips in income. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have measures in place to spread your income […]
Being able to trust your team is gold standard but introducing a few simple processes ensures that is much harder for someone to abuse your trust. Think about these tips to safeguard your business and keep your trusted relationships strong. Housekeeping Good systems make it easy to understand and hard to hide things. If you […]
Leave Support Scheme Payment – What Are You Responsibilities As An Employer
With the intrusion of the new COVID-19 variant Omicron into our community, at some point we will see the impact that this will have on businesses, when employees are required to self-isolate due to either being exposed to the virus or being deemed a close contact of someone who has the virus. This article outlines […]
Businesses involved in research and development (R&D) projects can claim a 15% tax credit for the 2019-20 income year. R&D has a specific statutory definition for the purposes of tax credit which is not the same as the commercial, engineering or accounting definitions. The tax credit is not just for scientific research but also for […]