If you’re a small business owner whose company hasn’t gone through hard times, that’s great but it’s likely to happen at some point. As much as we dream about being brilliant enough at business that we’ll never face slow times, there are many things beyond our control that can negatively
The government’s latest COVID-19 support package includes further measures to try and ease the pain of the lockdown. It includes ‘tax breaks’, business advice funding and guidelines for tenants and landlords. At first glance it seems this package, unfortunately, may not do a lot for small businesses and leaves a
The process to apply for the Covid-19 Wage Subsidy is pretty straight-forward and the turn around in payment has been very quick. We initially fielded hundreds of queries about the application process and having dealt with these are now receiving queries about how to reconcile the payments. If you use
In these unprecedented times, it’s important to remember that we’re all in this together; everyone is impacted by Covid-19, from our team, to our customers and suppliers. We’ve prepared this guide to help our clients navigate through these uncertain times by working together to help keep businesses alive and people
We all have tasks that get in the way of our business moving forward. It’s all these tasks that we tend to procrastinate, that we would rather void doing and that just suck up too much of our valuable time. Time that we should be spending on our businesses. Thankfully,
If financially things aren’t looking that great, you may be considering declaring bankruptcy. Making your debts go away may seem like the obvious solution, but there’s a lot to consider before you do. While bankruptcy can clear your debts from the time you lodge a debtor’s petition with the Official
If you sell or make products then you’ll likely have stock on hand or work-in-progress at year end. In order to get accurate figures for your tax and annual financial statements, you’ll need to know the value of this stock. This means you’ll need to do a stocktake. The end
We’re all looking for effective ways to reduce business expenses, save money and increase our profits. We’ve also all got our own ideas on how to do so. Every business will have expenses that must be budgeted for in order to help it run smoothly. Depending on your industry, those
If you’ve been waiting for a sign telling you it’s time to smarten up your financial literacy knowledge, this is it. Financial literacy, or the skills and knowledge to make informed decisions about money. What is Financial Literacy? Being able to set and keep to a budget Understanding how different
Is business insurance really necessary? If so, what types of insurance might I need? These are two questions business owners often ask, especially if they are just starting out. Business insurance can seem like an unnecessary expense, especially when things are financially tight and profits are small or non-existent. We
