Category: Bookkeeping
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Working in the real estate industry – Business expenses
Working in the real estate industry – Business expenses Business expenses Business expenses are: Day to day expenses (revenue expenses) for the running of your business like petrol for your vehicle or your monthly mobile phone plan which can be claimed in the year of purchase. Assets you purchase (capital expenses) like a vehicle or…
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Advantages Of Lunch Meetings
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You can get many clients and customers who at first, come to you just because of your marketing plans. Yet, if you want to hold on to them longer, you will need to see them in meetings. With the development of technology today, online meeting is about to replace many other forms of meeting for…
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6 Tips To Grow Your Business Fast
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When starting a business, all you want might just be being able to survive long enough to make your living. However, after years of devoting time and money, your needs and wants are not that simple anymore. You might realise that it is time to start expanding your business which is very risky and complicated.…
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Prepare for The End of The Financial Year
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When running a business, even a small one, the end of financial year is normally the toughest time. You have to calculate all the things from the bottom line number to the tax return and other obligations. You also have to pay the due debts, collect the bad debts and file required documents to the…
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When Do You Need A Business Coach?
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There are many things you can and should learn by yourself. Yet, no one is perfect. There are still other things you will need a teacher for. Especially in business, it is really common for a small business owner to come to a business coach. The point is you are aware of the right time…
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Grow Your Business With Cloud Technology
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Out with the old, in with the new? Outdated technologies are used continuously by many businesses don’t meet the need of today’s digital economy. Although there are far more efficient methods to report, track and plan, but about 55% business still use fax machines, 56% use flash drives, and 83% rely on spreadsheets. 68% of…
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Let The Outdated Tech Go
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Deal with the law Many tradies find it difficult and time-consuming when coping with regulations, such as payrolls or taxes and so on. In this case, a good accountant would tell them they were. The accountant can help his clients choose a suitable job management software and/or an online accounting software that is safer than…
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5 Simple Tricks To Better Your Cash Flow
Cash flow management has never been a minor problem for any business even a small one. According to Xero, it is responsible for more than 60% of businesses’ bankruptcies in the first 5 years. Even the kids now are trained to manage their small amount of money right from the primary-school ages. Hence, as a…
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10 Tips When Dealing With Tax For Small Businesses
The financial year-end is just right around the corner. Many business owners start to panic because they are already busy with their deliveries. How on earth could they have more time and energy for taxes? Well, our experience tells us that with a proper bookkeeping system, no one should ever be afraid of the tax…
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How To Forecast Your Cash Flow
Cash flow is a very common and important term for all businesses. It is just like blood circulation which travels throughout the body to maintain our activities. Precise estimations about the flow of cash in and out will help you draw a clearer picture of your business from the past few years to a near…