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Business

Debt financing vs equity financing
Business

Debt financing vs equity financing

By On July 9, 2020

Gathering funding is a challenge that almost all business owners face at some point. Financing can come in two forms – debt financing and equity financing. Debt financing is money that you… Read More

How to keep employees safe as they return to the workplace
Business

How to keep employees safe as they return to the workplace

By On July 2, 2020

Enforcing health precautions is an essential step to creating a safe workplace and giving your employees peace of mind, especially during the current pandemic. Businesses looking to invite their employees back into… Read More

What to consider before opening another business location
Business

What to consider before opening another business location

By On June 25, 2020

Expanding your business to open in multiple locations can offer more opportunities and profitability. However, managing one location can be challenging enough, so it is crucial to examine and prepare for the… Read More

Business

Why businesses should consider flexible workplace arrangements

By On June 18, 2020

Businesses working from home due to social distancing restrictions can take the opportunity to learn from the experience and consider new work structures coming out of COVID-19. This could mean increased flexibility… Read More

Business

Options to consider before declaring bankruptcy

By On June 11, 2020

Businesses struggling with debt may feel like declaring bankruptcy is their only option. Premature bankruptcy is an unfortunately common scenario but there are ways businesses can deal with unmanageable debt before declaring… Read More

How to improve your hiring process as a small business
Business

How to improve your hiring process as a small business

By On June 3, 2020

Small businesses coming out of COVID-19 may be looking to expand and grow as quickly as possible to prepare for a changing economy. One of the ways you can effectively grow your… Read More

Reviewing your business’ progress
Business

Reviewing your business’ progress

By On May 27, 2020

With the current economic slowdown, now is the perfect time to review your business strategy and conduct a business “health check” to come out the other side improved and ready to go.… Read More

How to support your employees through COVID 19
Business

How to support your employees through COVID-19

By On May 20, 2020

Supporting your employees during chaotic times as an empathetic leader will improve your relationships within your business and boost personal confidence. Here are some ways you can support your employees mentally and… Read More

Increasing workplace flexibility
Business

Increasing workplace flexibility

By On May 13, 2020

Businesses now working from home can take the opportunity for employers to learn from the experience and consider new work structures coming out of COVID-19. This could mean increased flexibility for employees… Read More

Business

What should you do when contracts, sales or purchases are cancelled?

By On May 5, 2020

Contracts, sales or purchases are bound to be cancelled with financial uncertainty plaguing the economy as a result of COVID-19. To help you get through this, the ATO recommends making a goods… Read More

What to consider when dismissing employees due to COVID 19
Business

What to consider when dismissing employees due to COVID-19

By On April 30, 2020

Despite unprecedented circumstances, employers still need to consider the requirements of dismissal under the Fair Work Act when ending employment to avoid legal action against them. When dismissing or standing down employees… Read More

Eligible for the JobKeeper scheme Here’s what to do now
Business

Eligible for the JobKeeper scheme? Here’s what to do now

By On April 22, 2020

Businesses wishing to use the JobKeeper payment scheme may find themselves running into many logistical uncertainties, as claiming the JobKeeper payment scheme can be a complicated and risky process. Here are the… Read More

Business

What the NSW $1.6 billion coronavirus stimulus package will mean for you

By On April 15, 2020

As a result of the coronavirus outbreak in NSW and a decline in economic activity throughout the state, on 17 March 2020, the NSW government announced its own $2.3 billion coronavirus stimulus… Read More

New JobKeeper payments for employers
Business

New JobKeeper payments for employers

By On April 3, 2020

The Federal Government introduced a third COVID-19 support package of $130 billion on 30 March 2020. The package includes additional support for businesses, including a new JobKeeper payment to help businesses retain… Read More

Increased cash flow support for businesses as COVID 19 continues
Business

Increased cash flow support for businesses as COVID-19 continues

By On March 27, 2020

The Australian Government has increased support for businesses to manage cash flow challenges under the ongoing COVID-19 circumstances. The Boosting Cash Flow for Employers measure announced on 12 March 2020 will be… Read More

Business loan vs business credit card
Business

Business loan vs business credit card

By On March 19, 2020

Business loans and business credit cards are the most popular financing options, but there are key differences between the two that you should consider to help you make the right choice for… Read More

What does the coronavirus stimulus package mean for businesses
Business

What does the coronavirus stimulus package mean for businesses?

By On March 12, 2020

Amidst the chaos of the COVID-19, better known as the coronavirus, and concerns for Australia’s weakening economy, the Morrison government most recently released a “coronavirus stimulus package” largely targeted at stimulating the… Read More

AUSkey is getting replaced this month. Are you prepared
Business

AUSkey is getting replaced this month. Are you prepared?

By On March 6, 2020

With a quarterly business activity statement (BAS) due next month, it is important that you have updated your lodgement options according to the new system. From 27 March 2020, AUSkey, including Manage… Read More

Tips to incorporating career mentoring into your business
Business

Tips to incorporating career mentoring into your business

By On February 27, 2020

A career mentorship program involves partnerships between employees to develop professional skills and gain industry knowledge. Career mentoring programs are often seen as powerful development tools for cultivating both leaders and employees… Read More

Are you responsible for unfair dismissal of employees
Business

Are you responsible for unfair dismissal of employees?

By On February 25, 2020

If you are a small business employer wishing to dismiss employees, you must do so according to the Small Businesses Fair Dismissal Code, as breach of the code could result in legal… Read More

Things to consider before rebranding your business
Business

Things to consider before rebranding your business

By On February 12, 2020

Rebranding your business can seem like a daunting task, as it can involve a range of arduous tasks such as changing designs, updating clients, retraining staff and changing your marketing strategies. However,… Read More

Keeping your virtual team on track
Business

Keeping your virtual team on track

By On February 9, 2020

Managing a virtual team can offer challenges that you won’t experience in-person teamwork. It can be harder to schedule meetings, show demonstrations and build connections. However, having a virtual team offers convenience,… Read More

Business

Why you need business interruption insurance

By On February 2, 2020

With many small businesses often being the livelihood for their entire families, owners should consider taking out business interruption insurance in order to safeguard against financial loss experienced as a result of… Read More

Business

Things to consider before hiring an intern

By On January 22, 2020

Hiring an intern can sound like a win-win situation; the intern gets an opportunity to learn and boost their career, you get some extra help generally at a lower wage rate than… Read More

Business

The importance of keeping business records

By On January 18, 2020

Businesses operating in a fast-paced and dynamic environment, the task of keeping records can fall secondary to everyday business operations. However, failing to efficiently keep up-to-date and comprehensive records can hurt your… Read More

Business

Can you change your business or company name?

By On January 14, 2020

Changing your business or company name can be an exciting leap. You can find yourself thinking about things like redesigned logos, rebranding and new customers, but before that, you have to think… Read More

Business

Don’t delay new business ideas

By On December 24, 2019

Many business owners have exciting ideas about where the future might take their company. These ideas may be concerning new products, internal improvements or new market segments. It is, however, an unfortunate… Read More

Business

Closing the office for the holidays

By On December 19, 2019

As the holiday season approaches, the workplace often gets more relaxed as things wrap up. However, closing the business for the holidays usually isn’t as simple as turning the lights off and… Read More

Business

Doing market research for your business

By On December 15, 2019

Market research is key to developing relevant and effective business strategies as it helps you understand your industry, customers, competitors and market trends. Undertaking both primary and secondary market research can allow… Read More

Business

Pros and cons of hiring an intern

By On December 6, 2019

With so many eager school-leavers looking for employment opportunities, hiring an intern can seem like a good way to offer work experience to someone without the risks of a long-term commitment of… Read More

Business

What to include in a business partnership agreement 

By On December 1, 2019

Entering into a business partnership can come with conflicts and misunderstandings between you and your new associate. This is why having a written agreement that clearly outlines your rights and responsibilities is… Read More

Business

CGT concessions for shares and trust interests

By On November 24, 2019

For taxpayers wishing to access the small business capital gains tax (CGT) concessions for shares in a company or interests in a trust, they must first meet the standard requirements as well… Read More

Business

How to avoid non-paying clients

By On November 18, 2019

Running a business is hard enough without having to chase up payments from your customers. Here are some measures you can take to prevent yourself from having to deal with the profitability… Read More

Business

Moving your business online 

By On November 10, 2019

In order to keep up with the growing demands of digital accessibility and convenience, many businesses decide to partially or completely move their business online. This can help with extending customer reach… Read More

Business

The ATOs ABN cleanup 

By On November 1, 2019

The ATO has announced that in October 2019, they will be focusing on the bulk Australian business number (ABN) cancellation program. This program will be cancelling ABNs that the ATO is confident… Read More

Business

Contractor obligations for business owners

By On October 25, 2019

Contractors bring with them different obligations that business owners need to comply with. Employers that incorrectly classify employees and contractors can face hefty penalties and charges as well as claims for entitlements… Read More

Business

Knowing when to cut a product

By On October 16, 2019

Businesses looking to improve their profitability may need to consider cutting under-performing products and services. How a product contributes to growth strategy, brand management and production efforts can help you determine whether… Read More

Business

What employment type is best for your business?

By On October 9, 2019

An employment contract establishes the terms and expectations of an employee before they start work. It outlines everything the employee has to know about working for you, including employee rights, working hours… Read More

Business

Budget-friendly ways to promote your small business 

By On September 30, 2019

Promoting your business can seem tricky to navigate and expensive, especially when there are budget and staff restrictions to think about. However, there are a number of ways to promote your business… Read More

Business

Dealing with a bad day at work

By On September 24, 2019

Bad days can happen to the best of us, but that doesn’t stop work from needing to get done. Whilst working when you’re feeling down is the last thing you want to… Read More

Business

Hiring working holiday makers

By On September 18, 2019

In Australia, there are approximately 100,000 working holiday makers employed each year. Any employer can hire working holiday makers provided they meet the requirements to do so. Employers must confirm the working… Read More

Business

When do you need an ABN?

By On September 10, 2019

An Australian business number (ABN) is a unique 11-digit number that the Australian Business Register issues to all businesses, identifying your business to the community and government whilst also making it easier… Read More

Business

Are they an employee or a contractor?

By On September 6, 2019

Employers that incorrectly treat employees as contractors can face hefty penalties and charges as well as claims for entitlements and superannuation contributions. Even if employers are only hiring someone for a few… Read More

Business

Quick fixes to boost email marketing

By On August 30, 2019

While email marketing remains one of the most effective platforms for businesses to reach clients on a personal level, it does not always deliver the results you may be after. If you’re… Read More

Business

Evaluating risks in business  

By On August 21, 2019

Business owners are faced with constant challenges and tough decisions to make on a day-to-day basis. Risk-taking is often necessary to achieve more in the business, but owners need to make informed… Read More

Business

Deduction rules for small businesses

By On August 12, 2019

Spending on capital assets usually cannot be deducted immediately. Instead, small businesses claim the costs over time in accordance with the asset’s depreciation. There are many different processes that businesses can employ… Read More

Business

Boost employee productivity

By On August 6, 2019

All businesses need to look at ways to increase the productivity of their staff. When your employees get more work done, it will ultimately lead to the business making a bigger profit.… Read More

Business

Supporting mental health in the workplace

By On July 29, 2019

Business owners have a responsibility to look after their staff and ensure they have a healthy working environment. This extends to mental health as well as physical. With one in five people… Read More

Business

Managing business growth

By On July 22, 2019

It can be exciting and reassuring when your new business venture achieves growth and success. However, it can also become hard to manage and keep under control. When things reach a certain… Read More

Business

What makes a successful business plan

By On July 15, 2019

When starting a new business, there are many elements you need to consider. Careful planning is essential to ensuring the longevity of your business, but what exactly goes into a good business… Read More

Business

Improving the efficiency of your business

By On July 9, 2019

As a business owner, making the most of your day to optimise productivity is crucial to your success. The most efficient businesses are those that can create more with less and are… Read More

Business

The art of reinvention 

By On June 28, 2019

Small businesses often rebrand or reinvent themselves to keep up with marketplace trends. Knowing when to let go of an idea so you can grow is a smart trait for a modern… Read More

Business

How bullying brings your workplace down

By On June 24, 2019

Bullying is a serious issue in workplaces and can affect your business on many levels. Workplace bullying is where repeated and unreasonable behaviour is directed towards an individual or group of employees.… Read More

Business

Good record keeping practices

By On June 18, 2019

Starting your business with a good record keeping system can help you track your business performance, meet reporting responsibilities and access financial history with ease. Since different rules apply to different types… Read More

Business

Building the right team for your business

By On June 11, 2019

While hiring the right staff is a key element when running a business, to be successful you will need to build a strong team. Here are some tips on turning a group… Read More

Business

Startup essentials to help your business succeed

By On June 3, 2019

Starting your own business can be as daunting as it is exciting. There are many aspects that need to be considered when making the change to becoming your own boss. Here are… Read More

Business

How to get the most out of business meetings

By On May 29, 2019

Conducting meetings is a regular way of communicating what needs to be done around the office, but if nothing gets accomplished it can be discouraging. Business meetings that don’t produce results can… Read More

Business

Choosing the right business location

By On May 24, 2019

When setting up your business, choosing a location can be a critical factor in its success. Unless you are completely home-based, you will need to decide where you will conduct your business… Read More

Business

Common mistakes to avoid when launching a business

By On May 10, 2019

Starting a new business is an exciting time for many entrepreneurs. However, there are 5 common mistakes many new business owners make. By being aware of these mistakes, you will increase your… Read More

Business

Handling negative feedback

By On May 6, 2019

Customer complaints are an inevitable part of running a business. How you handle negative feedback can help or hinder retaining existing customers. Complaints can be a great learning tool for businesses looking… Read More

Business

Accounting during every stage of business

By On April 29, 2019

Professional help with accounting and financial decisions is useful at every stage of business. Accountants can assist with a variety of tasks during different periods of operation within your business to improve… Read More

Business

How collaboration can help grow your business

By On April 12, 2019

In a market that is full of entrepreneurs and small businesses, collaborating with a business that complements yours can be a powerful tool to share your marketing budget and be introduced to… Read More

Business

2019 Budget: A business growth based Budget

By On April 2, 2019

The 2019 Federal Budget focuses on building a better tax system for Australian businesses in order to create a stronger economy. Instant asset write-off:The instant asset write-off threshold will be increased from… Read More

Business

What employee benefits apply for FBT

By On April 1, 2019

When an employer provides certain benefits for their staff, they are required to pay Fringe Benefits Tax (FBT). Employers pay FBT on the benefits they present to employees and their families or… Read More

Business

Cashless business

By On March 25, 2019

Advancements in technology continue to digitise our world in many ways, including financially. In recent years, more businesses and events are turning to cashless systems. Whilst cash still remains popular in businesses… Read More

Business

Raising early stage capital in your business

By On March 18, 2019

Raising capital is a step that every startup faces. When a business is brand new, the question of how to get money must be addressed. If you intend to launch a business… Read More

Business

Before selling your business

By On March 8, 2019

Deciding to move on from your business can impact a lot of different people. When selling your business, you will need to consider the effects on all areas of operation from the… Read More

Business

Challenges your business can face

By On March 1, 2019

Owning and running a small business comes with positives and negatives that maintain a balance. When the negative elements start to outweigh the positives, you have a problem. Every business will face… Read More

Business

What advertising avenue is best for you?

By On February 21, 2019

Without exposure, businesses would come and go very quickly. In this new digital age, there are even more options for how you want to advertise your business. There are a variety of… Read More

Business

Creating a positive business culture

By On February 14, 2019

Business culture is a reflection of what your company stands for, it’s your voice. Employee relations are what establishes this voice and can always be improved. A work environment that everyone enjoys… Read More

Business

What we can learn from ‘introverted’ people

By On February 7, 2019

Most of us fall somewhere in between the introvert-extrovert spectrum but our concept of a great leader often looks to someone who exudes characteristics we often associate with ‘extroverts’ – including being… Read More

Business

Instagram for business

By On January 31, 2019

You may think that Instagram is only for millennials obsessed with photographing themselves or their lunch but really it is a whole new area of marketing and business opportunities to explore. Instagram… Read More

Business

Effective Team Performance

By On January 24, 2019

Teams, like workplaces, are becoming increasingly diverse, dynamic and digital. But the principle behind managing teams effectively remains the same. Are you providing the right conditions for your team to thrive? Here… Read More

Business

Challenging the use of country as a proxy for culture

By On January 18, 2019

Business managers are required to work in increasingly diverse environments, facing issues that are increasingly dynamic, complex and uncertain in the face of global economic, social, and technological shifts. The behaviours used… Read More

Business

Hiring high potential staff

By On December 20, 2018

Your business is only as good as your staff, which is why you want to hire high potential employees. You may find it hard to spot a high potential candidate in an… Read More

Business

Personalising your business brand

By On December 14, 2018

Personalising your business brand attracts new customers by establishing authenticity and a point of difference. Follow these tips to improve your marketing and create a unique brand true to yourself. Put a… Read More

Business

How small business can compete with major corporations

By On December 11, 2018

Small businesses should not feel intimidated by their corporate competitors as they have many unique advantages that can help them gain a sizeable market share. Small business owners should focus on specific… Read More

Business

Benefits and problems of niche marketing

By On November 27, 2018

Business owners thinking about specialising their products and services to target a niche market should know the benefits and risks of this business strategy. Niche marketing is the business strategy of targeting… Read More

Business

Fostering healthy workplace competition

By On November 20, 2018

Bringing out your staff’s competitive side can lift the performance of the entire business and boost productivity. However, competition can turn any workplace toxic so it is essential to get the balance… Read More

Business

Leadership mistakes to avoid

By On November 8, 2018

Leadership mistakes contribute to falling standards around the office due to a lack of motivation or inefficient management. Here are some leadership mistakes to avoid in the workplace. Being hypocriticalLeaders that do… Read More

Business

How community involvement grows your business

By On October 30, 2018

Business’ that get involved in community reap financial, workplace and brand image related benefits. Whether your business is new or relatively established in your area, community involvement should be at the forefront… Read More

Business

Picking the right business location

By On October 26, 2018

The decision of where the headquarters of your business should be will have a significant hand in determining your profitability and productivity. Consider the following checklist to ensure you make the right… Read More

Business

Strategies to reduce staff turnover

By On October 21, 2018

Staff turnover leads to significant costs from recruitment and training processes. Reducing staff turnover is fundamental to boosting profits in your bottom line and indicates a higher level of employee satisfaction. Perfect… Read More

Business

Use your business card effectively

By On October 12, 2018

When business networking is increasingly digital with LinkedIn and your business’ website a primary way of getting your name out there, the business card is still an integral part of your networking… Read More

Business

Making the decision to rebrand

By On October 5, 2018

Rebranding can help you survive in a changing industry or open your business up to new profit-making opportunities. Sometimes it may be difficult to make the call, when there are significant costs… Read More

Business

How to give constructive feedback to staff

By On September 28, 2018

Giving feedback to staff is a key to being a successful manager. Although feedback should be viewed as an opportunity to grow, staff may be sensitive you are criticising their work. That… Read More

Business

Strategies to put an end to negative office gossip

By On September 24, 2018

Negative gossip in the office is something that is harmful both to your business and to the employees. Whether it encourages individuals to seek work in a less toxic environment, slows down… Read More

Business

When to get a business partner

By On September 14, 2018

Starting and running a business can be a lot more fun when you are working with someone you like and respect. With a partner, you have someone to share the excitement and… Read More

Business

Strong leaders ask for help

By On September 6, 2018

There is no weakness in a leader who asks for help. Maintaining success in your small business requires you to seek advice from your employees on a range of matters. However, it… Read More

Business

Consider business structure

By On August 31, 2018

Creating a new business is an exciting time for any first-time entrepreneur, but it also comes with making big decisions – one of these will be when you must choose which structure… Read More

Business

Negotiating like a boss

By On August 24, 2018

The ability to negotiate well is one of the most desirable skills in the business world. It can help you get the very best outcome from any professional deal. There are many… Read More

Business

Inclusivity in the workplace

By On August 20, 2018

Creating a workplace environment that fosters inclusivity and belonging for all is important for the longevity of your business. When people feel safe and a sense of community, they are bound to… Read More

Business

Launching a business: mistakes to avoid

By On August 10, 2018

Launching a new business for the first time is an exciting phase for every entrepreneur. However, it is important to increase your chances for success by being aware of and avoiding common… Read More

Business

Cash-only business? Consider making the switch

By On August 3, 2018

The Tax Office has released further findings that reveal cash-only businesses could be missing out on a significant chunk of revenue simply by not offering customers the option of electronic payment. An… Read More

Business

Engaging in effective negotiation

By On July 27, 2018

The key to success is remembering that everything is negotiable, and that to get a deal you must ask for one. Many people stop right there because negotiating makes them uncomfortable. They… Read More

Business

Growing your small business

By On July 20, 2018

Has your small business hit a slump lately? It may be time to develop a growth-focused strategy that can take your business to the next level. Consider these ideas when designing your… Read More

Business

Refund policies

By On July 13, 2018

Businesses have specific obligations under Australian Consumer Law (ACL) when it relates to refunds, returns, guarantees and warranties. It is important that a business’ refund policy complies with ACL. All businesses have… Read More

Business

Building a solid startup

By On July 6, 2018

It is no secret that most startups will fail in their first three years of operation, so building a new business that can not only survive but thrive in the face of… Read More

Business

Simplifying your marketing

By On June 29, 2018

Overcomplicating your marketing efforts in a bid to increase awareness and boost sales is a common trap. As the marketing industry continues to overcrowd and evolve with technology, businesses need to look… Read More

Business

Communicating effectively with difficult people

By On June 22, 2018

Working with unreasonable people is inevitable for most individuals at some point in their careers. Whether it is an unhappy customer, difficult colleague or uncompromising community member – chances are you will… Read More

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