Small Business Accounting Archives

The Vital Role of a CFO in Business Success

amanda August 12, 2024 No Comments

In today’s dynamic business environment, the role of a Chief Financial Officer (CFO) is more critical than ever. A CFO brings financial expertise, strategic vision, and operational efficiency to ensure [...]

Top 10 Reasons Your Business Needs a Business Accountant

amanda August 6, 2024 No Comments

Running a successful business involves more than just hard work and dedication; it requires strategic financial management. A business accountant can be an invaluable asset to your company, offering expertise [...]

Is Your Family Home Really Tax-Free?

amanda July 29, 2024 No Comments

The concept of the main residence exemption suggests that your family home is exempt from capital gains tax (CGT) when you sell it. However, like most tax regulations, the reality [...]

The Art of Money Management: Mastering Cashflow for Business Success

amanda July 22, 2024 No Comments

In the world of business, managing money effectively is both an art and a science. Good money management goes beyond simply balancing the books; it’s about making strategic decisions that [...]

Achieving Profitability: The Power of Engaging a Profit First Professional

amanda June 17, 2024 No Comments

In the competitive world of business, staying profitable is not just a goal—it’s a necessity. For many business owners, the challenge lies in not just generating revenue but ensuring that [...]

The Latest Minimum Wage Increase: What It Means for Your Business

amanda June 3, 2024 No Comments

Exciting News for Australian Workers and the Minimum Wage Increase On June 3, 2024, the Fair Work Commission announced a 3.75% minimum wage increase, bringing significant changes for businesses and [...]

Navigating the Company Money Crackdown: Understanding Division 7A

amanda May 14, 2024 No Comments

In the bustling world of entrepreneurship, where lines between personal and professional can blur, the Australian Taxation Office (ATO) has set its sights on a pervasive issue: the misuse of [...]