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The EOFY and tax time for small business can be challenging at the best of times, let alone during a pandemic. Here are 5 ways to make sure your business is ready for EOFY.
As the new financial year looms, and the coronavirus crisis lessens, it’s time to take stock of your finances and plan for the year ahead. Where can you make cuts and how can you save? Read on for cost cutting ideas for small business recovery! The pandemic has put...
There are a lot of changes in the wind that small businesses need to know about in 2020 to stay on the right side of the tax man. Small changes around taxation, reporting and invoicing can have a big impact on the way you run your business, so it’s crucial you get the...
Last month, the ATO released statistics showing small business is responsible for 12.5% ($11.1 billion) of the total estimated ‘tax gap’. So where did the $11.1 billion small business tax shortfall come from? These new figures give visibility to tax compliance issues...
There are a variety of elements to consider before deciding to either start or buy your own business. Before taking the leap, here are four factors you should consider. It’s a marathon not a sprint The first step toward owning and running a successful business is to...