by Debra Anderson | Mar 10, 2017 | ATO, BAS, Bookkeeping, Deductions, Money, Tax
As a small business owner, you probably don’t get excited about tax season. At best, prepping your taxes feels like a hassle, the least fun of all your business activities. At worst, it has you pulling your hair out in a state of distress and confusion. Tax season doesn’t have to be painful. With the following tips, you can take the sting out of tax-related tasks and save your...
by Debra Anderson | Oct 10, 2016 | Advisory, ATO, BAS, Bookkeeping, Business, Deductions, GST, Industry, Money, MYOB, Partnership, QBO, Small business, Success, Tax, Xero
As a startup it’s easy to get so caught up in the excitement, the product, the service and the marketing that you forget to focus on some of the fundamentals of beginning a business. Getting these foundations right though from the start, will serve you well as you progress on your business journey and down the track you’ll thank yourself for it.
by Debra Anderson | Sep 12, 2016 | Business, Money, Partnership, Small business
As an accountant I see many Small Business partnerships go pear-shaped and whenever a client asks me about going into partnership, my most common recommendation is don’t do it.
You see money brings out the absolute worst in people and makes even the nicest people turn ugly. Although we can anticipate and even plan for differences, it’s often not until we are faced with very real money decisions or when money really becomes tight that those very ugly traits surface.
by Debra Anderson | Aug 25, 2016 | Advisory, ATO, BAS, Bookkeeping, Deductions, Money, MYOB, Small business, Superannuation, Tax
Cash is the life blood of our businesses. It’s no secret, it’s not rocket science but cash flow is consistently one of the biggest pain points for Small Businesses everywhere. So what can you do to improve cash flow? Invoice your customers. Yes that’s what I said – just invoice your customers. Sounds too simple I know but I see many Small Businesses who are ‘too busy to...
by Debra Anderson | Aug 20, 2016 | BAS, Bookkeeping, Deductions, Money, Small business, Success, Superannuation, Tax
After years of telling myself that if I just tried harder, believe in myself more, and work smarter that I could do and have it all. I have since realised that all I have been doing is setting myself up for failure. Don’t get me wrong – I haven’t given up, I’m not throwing in the towel or crying into my doona – I have just had the epiphany...
by Debra Anderson | Aug 20, 2016 | ATO, BAS, Bookkeeping, Deductions, Money, Small business, Superannuation, Tax
No-one wants to pay more tax than they absolutely have to, yet all too often I see people unnecessarily paying more tax than they should have. Here are 8 very simple tips to ensure you don’t pay any more tax than you need to – they’re quick, simple and totally legitimate: 1. Keep your receipts If you’re paying cash for business or work related expenses make sure you keep...
