Category Archive for: Accounting Services

Understanding Goods & Services Tax (GST)

Goods and Services Tax (GST) is a broad-based tax of 10% on most goods, services, and other items sold or consumed in Australia. (Source: Australian Taxation Office or ATO) When to charge GST GST is levied on most transactions in the production process and is included in prices of products and services. GST is included…

Read More →

Accessing Government Grants And Assistance

The federal, state, territory governments, and sometimes, local councils, provide available financing grants and assistance to businesses. Usually, there are no government grants provided to those who are starting their business. However, these may be available for any research or development purposes of an existing business. BONUS: Click here to download your FREE copy of…

Read More →

Understanding Employment Contracts

Terms and conditions of employment can be specified in an employment contract. Knowing and understanding these stipulations are necessary for every business owner. Terms of an employment contract Written employment contracts can set out conditions or remuneration agreements not covered by a federal or state award. BONUS: Click here to download your FREE copy of…

Read More →

Tips For Collecting Overdue Debt

  It is undoubtedly a fact that a business needs cash to continue its operation. Your customers’ non-payment of debts due to refusal, delay or forgetfulness, may lead you into financial difficulties of your own! Collection of debt is one of the important elements of cash flow management that is often underachieved by businesses. In…

Read More →

A Website – Your Businesses Online Shopfront

There was a time when running your own business website was optional, but these days, having an effective website is as important as having a phone number! Website Functions The Internet is used all around the world which means your website is a global gateway where you can promote your business to many customers at…

Read More →

Location, Location, Location

If your aim is to deal face to face with your customers, then you should carefully decide on the location of your business. A bad choice of location can cause you to suffer problems which can be difficult or even impossible to solve, and may even hinder your business’s success. Location type Preferably, you’re going…

Read More →

Calculating Your Business Start Up Costs

The total amount needed to start and operate your business is called start-up costs. This is essential because you would not want to be caught short as you start your business and it starts to grow! Calculating costs Make a list of everything that you need to pay for before commencing your business. Consider the…

Read More →

Buying A Franchise

  One of the best ways to have your own business is through purchasing a franchise. This business system provides you with the support and security from a larger company, with an already established business network. Is purchasing a franchise best for you? Ask yourself the following questions to know whether purchasing a franchise is…

Read More →

Choosing The Right Business Structure

It is essential to know the different types of business structure and their corresponding advantages and disadvantages, so that you can decide, based on your current circumstances, the best operating structure for your business. In assessing what business structure is best suited for you, you need to consider tax implications, asset protection, set-up and continuing…

Read More →

The Positive And Negative Sides Of Purchasing A Business

If you are considering buying an existing business, you will likely have a sense of security because you’ll have a good idea of what you are getting for your investment. However, not everything is always as it seems, so you need to do your due diligence to ensure you make the right decision. THE POSITIVES…

Read More →

Back to Top