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Are you a slave to your business?

  • On March 10, 2019
Your business is there to serve you; not the other way around. In other words; you should never be a slave to your business. Being a slave implies a victim mentality – that the world has simply dealt you a bad hand, that you have no say in the matter. Perhaps you hear yourself thinking […]

6 Ways to Measure health of Business – Financial Ratios

  • On February 27, 2019
When you’re running a business, it’s easy to get caught up in the day-to-day activity and lose sight of the big picture. Taking stock of the health of your business is important. Financial ratios can help in Analysing trends, Knowing where you allow for more effective planning, early warning about any issues, and the chance […]

Choosing your Business Structure

  • On February 25, 2019
Starting a new business is both very interesting and challenging. There are a large number of things that you need to plan and work on from business systems, Marketing, Sales, Taxes etc However, choosing a business structure is very critical just like the foundation of the house is very critical for the house. The cost […]

Seven Rules to Tighten up your Accountability

  • On February 25, 2019
Most business owners understand that the only way to ensure something gets done is to document what is expected, assign it to the right person, and set a due date. But what do you do if the task isn’t done? What are the consequences of this inaction? Think back to your school days when you […]

What is Negative Gearing and how does it Work?

  • On February 17, 2019
If you are thinking of buying an investment property to create wealth, it is very likely that you would have heard of the term Negative gearing. It is a common practice when it comes to investing in property in Australia.  In fact, 1.28mn(Source ATO statistics for 2015-16) or 1 in 10 Australians who file a […]

Single Touch Payroll or STP

  • On February 8, 2019
Single touch payroll (STP) is a change in the way of how small businesses report payroll activity to the Australian Tax Office (ATO). Businesses used to report this information to the ATO once a year. Now, they need to send a report after each pay cycle. And those reports must be submitted digitally, using Standard […]