Tax Preparation
Getting ahead of the game
Boy the time flies doesn’t it? There’s about six weeks till the end of the financial year (in Australia). It’s not too late to do a bit of tax preparation before 30 June and it’s well worth your while.
Take a quick look at your numbers. Are you showing a profit...
Basic Bookkeeping
Keeping on track
For many small business owners just the thought of anything to do with accounts or finance fills them with dread. It really shouldn’t and particularly if you’re fairly new to business you can start small and gradually flex your money muscles over time. Even if you’re not new...
Managing Payroll
Sharing the Load
Hopefully at some point there will come a time where you are no longer just a one person show and you’ve got some help on board. There are many ways in which you can employ people these days. Maybe, you contract someone for a specific task like establishing your website, maybe...
Systems and Record Keeping
Having it all close to hand
I recently talked about your need for keeping records for the tax department (Blog No 131 - Keeping Financial Records) but besides your legal requirements it is worth considering what other documents you may need to hang onto. You might also want to think about whether...
Cyber Security for Your Business
Protecting yourself Online
Protecting your business online is not always one of the first things you think about but you definitely should. If like me, you spend at least some of each day online then, you need to make sure that you are safe while you're there.
At the very least everybody...
Deductions for home based Businesses
Staking Your Claim
We’ve just been informed that the tax man will be taking a good look at people who make claims for tax concessions for home-based businesses. I don’t get alarmed at these sort of reminders as I try my best to be as accurate as I can for all deductions. So exactly what can...
Why You Need a Financial Calender
Save the Date
When you’re the one running the show there’s always something else to do. That’s why I keep a lot of lists and a big calendar. Otherwise I know there are things that get missed. Having to add one more thing to your busy schedule may seem like a real pain but trust me when I tell...
Manufacturing New Products and Content
Trying to Pick A Winner
Theres a fine line between making sure you have something fresh and new to offer your customers and spinning out endless new releases that don’t result in sales. How do you decide which ideas are worth pursuing and which should just be shelved? The obvious place to start...
Automation
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Time is Money
At the risk of sounding like your grandma, things have sure changed since I first started a business! When we first started I used to do the typing on a machine with a one page memory. We received cheques in the mail from customers and we paid suppliers...
Finding Funding
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Show Me the Money
It can be no small thing to find a source of funding to help finance your business until it gets off the ground. While over 30% of small businesses are owned by women less than 3% of venture capital goes to female owned and operated businesses. Don’t...
Keeping Financial Records
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Why it matters
Along with running your business day to day comes the added responsibility of having to keep your financial records. Legal requirements vary from country and to country so it’s worthwhile getting to grips about what the requirements are for your area.
Time Management
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Finding the time
Theres a lot said these days about time management and productivity but at the end of the day to me it comes down to two things. One is eliminating all the unnecessary crap we do and, two, is doing more of the things you enjoy. That being said if you’re...
Organisation and Structure
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Picking the right kind of business
So you’ve decided to start a business. Great! What kind of business are you going to be? A sole proprieter? A partnership? A company? A limited company? Each one of these is just a legal model that best suits your business. As a sole...
Easy Finance for Small Business
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What every business owner should know
The subject of finance is one of the biggest headaches for many small business people. I think many people feel that they just don’t have the knowledge they should when it comes to running their business. I know because I’m one...
Setting Financial Goals
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Setting the tone
The New Year is here and I am already running late Never mind, better late than never. This year I want to talk a little more about finance, especially business finance.
I think it’s a topic that many small business owners don’t feel completely...
Big Breath Out
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Finding the Good
The year is about to end. As you get older the rate at which they fly by becomes exponentially faster. I feel like I’m only just accustomed to writing 2017 and already it’s about to change!
I find it’s almost impossible at this time of year to...
Unique Beautiful Fun
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