Business

An EOFY tip sheet for small business

Monday, 05 June 2017 09:51

As this financial year comes to a close, most small business owners will have their sights set on how to improve their performance over the next 12 months. Now is a busy time for businesses, so it pays to be extra careful with your bookkeeping, accounting and forward-planning activities. We've compiled a checklist to help your organisation get ready in the run up to the new financial year (FY).

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How to find an accountant to help with your small business finances

Monday, 05 June 2017 09:35

Owning and running a small business can be a relentless endeavour – with things moving at a million miles an hour, owners can sometimes make decisions on a whim due to a lack of time. This is where a certified accountant can help with the financial management of your small business.

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If applying for a business loan – have you considered these factors?

Monday, 28 November 2016 11:42

Is it time for you to apply for a business loan? There may be a few things to check off the list beforehand. You may need to come prepared for the meeting with your lender, and that can require some research and understanding of your own finances. If you come prepared and confident, it may make all the difference.

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Gross profit and your business: What does it mean?

Monday, 10 October 2016 13:33

If you run your own small business, you will have come across a number of different ways of evaluating your profitability. One such method is gross profit, and gross profit margins. While they may not be the only figures you are using to check the health of your enterprise, they may still be important.

Here's what you may need to know to interpret them properly.

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A quick guide to fixed costs for small businesses

Monday, 10 October 2016 11:03

A quick guide to fixed costs for small businesses

If you’re running a small business, fixed costs are likely to form part of your budgeting commitments and can play an important part in your overall business plan. However, you may find that your business has different fixed costs to others, but also finances them in different ways. Let's take a closer look at what fixed costs are and how you might be able to deal with them efficiently.

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A guide to managing your cash-flow for your small business

Wednesday, 05 October 2016 10:29

Cash flow can be a constant concern for any business manager. Whether you own a grocery store or are a self-employed tradesperson, cash flow might dictate your success and failure. Often, failure to manage cash-flow properly was an identified cause of business insolvencies from 2014 to 20151.

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How do you keep your staff happy and productive?

Thursday, 16 June 2016 09:43

If you run a small business with staff working for you, keeping them happy could be one of the biggest challenges. One survey indicated that only 24 per cent of interviewed employees considered themselves satisfied with their work life1 – hardly a fantastic result.

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