Business

BAS isn’t just about tax — What your numbers are telling you about your business

8 October

For many business owners, a Business Activity Statement is viewed as a compliance obligation — something that needs to be completed, lodged and paid before the deadline.But your BAS can tell you far more than simply how much tax may be...[Read More]

Professional indemnity insurance: The business protection you shouldn’t overlook – Part 1

7 October

When you run a small business, there are plenty of obvious things to protect — your premises, equipment, vehicles, stock and employees. But one of the greatest risks facing many professional and service-based businesses can be much harder to...[Read More]

Card surcharge ban will take time to work through: bank

7 October

Australian businesses will need time to adjust to the new ban on card surcharges as the major banks prepare for a potential merchant fees war.The change, driven by the central bank to give consumers transparency at the till, only came into effect on...[Read More]

Top 7 BAS mistakes business owners make — and how to avoid them

1 October

For many business owners, Business Activity Statements can feel like just another administrative task competing for attention.But BAS mistakes can create unnecessary stress, disrupt cash flow and make it harder to understand the true financial...[Read More]

Debt concerns: treasurer’s era of cheap-money ending

30 September

Because everyone wants your money, you can charge them more for it.That’s the issue facing governments forced to pay investors more for borrowing cash in the form of bonds.The eye-watering sums being raised by artificial intelligence...[Read More]

BAS matters: Why being organised and on time is good for business

24 September

Running a business comes with plenty of competing priorities. Customers, staff, suppliers, cash flow and growth can quickly take centre stage, while administration gets pushed further down the list.But one obligation that deserves consistent...[Read More]

Life after business: What do you want your exit to look like?

24 September

For many business owners, the business becomes far more than a source of income.It becomes part of your identity.It may have shaped your daily routine for 10, 20 or even 40 years. It may have supported your family, employed people in your community,...[Read More]

Labour pains: jobs market too hot for inflation fight

23 September

Australia’s unemployment rate probably needs to edge a little higher to help get inflation back under control, Reserve Bank governor Michele Bullock says.Prefacing her remarks by saying the RBA does not want to see high unemployment, Ms Bullock...[Read More]

Could a shorter working week be better for your health?

17 September

For many of us, work has a habit of expanding to fill almost every available space in our lives. Emails creep into evenings, weekends become recovery time, and personal appointments are squeezed around meetings and deadlines.Most of the time, we...[Read More]

Closing, selling or passing it on: Choosing the right exit for your business

17 September

For many business owners, years — sometimes decades — of hard work go into building a business. Yet while considerable thought is often given to starting and growing a business, far less attention can be given to how that business will...[Read More]

7 things you could be missing without an accountant by your side

10 September

For many people, an accountant is someone they speak to once a year, hand over a collection of documents to, and hopefully receive a tax refund from shortly afterwards.But good accounting advice can offer much more than completing an annual tax...[Read More]

Small-business owners, women worried about golden years

2 September

Almost three million Australians are expected to retire over the next decade, but not everyone is heading toward their golden years with confidence.Many are still thinking about their “number” – the preferred size of their superannuation pot...[Read More]

Retirement savings to be ‘decimated’ under early access

19 August

Workers being able to access their superannuation early would destroy their retirement earnings, the treasurer has warned, following calls by Pauline Hanson.The One Nation leader has called for a relaxation of rules that would allow people to...[Read More]

From business owner to entrepreneur: The habits that drive long-term success

13 August

Running a small business requires determination, resilience and a willingness to make decisions every day. But there is an important difference between owning a business and building an entrepreneurial enterprise.A good business owner can create a...[Read More]

Tax: The good, the bad and the ugly for small business owners