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Accounting

Small Business Accounting Grows Up … And Other 2016 Trends

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Cashflow management

Is Cost Cutting Now Costing Your Business Later?

In business and in life, there are two kinds of people. A folder or a scruncher. Pasta twirler or... read more

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Cashflow management

5 Simple Ways to Reduce Office Expenses

Your regular office expenses will have a direct impact on your business's profit margin. Therefore,... read more

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Jef LippiattOwner at Startup Chucktown
Good read and ideas, thanks for sharing.
Cashflow management

How Small Businesses Can Leverage Currency Fluctuations

Whether you have an international or local business, it’s likely you’d still be affected by... read more

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Iona Yeung Digital Content Specialist at FIRST
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Business finance and loans

HashChing: E-Business Radically Reshaping The Future Of Mortgages

A quiet revolution Is happening online that could challenge the major banks’ home loans... read more

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Jef LippiattOwner at Startup Chucktown
Sounds like strides of progress, keep the momentum going.
Superannuation

Buying Property Using Superannuation: Is it Possible?

                    The superannuation fund is a sleeping giant for many... read more

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Questions

What are the ground rules for SMEs while dealing with the current market scenario?

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Taxation

Be Honest and Stay Out of Jail

Attached is "Stay Out Of Jail Card" There are some days (very few) in my life when I hate what I... read more

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Hitesh Mohanlal Director at WOW! Advisors & Business Accountants
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Jef LippiattOwner at Startup Chucktown
I can't relate specifically to Australian tax law as I don't live or operate there. What I can say is that keeping track of tax here in the United States isn't much easier. I'm great at complex math, but not at staying on top of tax law changes or what needs filed where. I'm looking into getting a bookkeeper myself.
Questions

How will you adapt to market networks?

This is a good article outlining the changes in the marketplace - http://techcrunch.com/2015/06/27/from-social-to-ma...
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Budgeting and forecasting

Is the size of one's salary the key to happiness?

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Business finance and loans

NAB flags $25m refund to 62,000 customers

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Accounting

Depreciation Fundamentals

Depreciation is a concept that is often not fully understood by many business owners. Let’s start... read more

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Accounting

Important Things to Consider When Switching from Sole Trader to Company

Your business has outgrown your sole trader structure Many small businesses start out as sole... read more

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good practical advice
Taxation

Tax Trouble? Avoid These 9 Common -- and Costly -- Mistakes.

Entrepreneur.com Latest Top 50 How To Lists SUBSCRIBE$1 an issue...read more

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Budgeting and forecasting

Budget 2015: Big wins for small businesses. Small wins for startups.

The Australian government is a business in serious debt; and it’s affecting the nation. Customers...read more

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Accounting

GST Basics for Small Business

One of the basic principles of GST is that it is paid by the end consumer. A business that is... read more

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Thanks Matt! Yes, this is a common error made by many small businesses. When we access a new client's accounting data file either for the first time or to review and correct their transactions for a BAS, insurance transactions are always reviewed for this reason.
Matt Dell
This is a very good summary Carmen I am in the insurance industry and we repeatedly have to explain how state based Stamp Duty effects the GST charge on many insurance premiums (it is not 1/11th of the total bill) I bet lots of small biz owners just put it in as standard 1/11th and might be in for a nasty surprise if they get audited :)
Accounting

3 Benefits to Setting Up Your Business Accounting Systems for Success

When I created the accounting firm Inspire CA, I wanted to make sure that the businesses we worked... read more

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Ben Walker Chartered Accountant at Inspire CA
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Superannuation

Superannuation Strategies: A Comprehensive Guide and Tips for Small Businesses

For many small business owners, superannuation can be a confusing and complicated place. It is best... read more

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Cashflow management

Driving Business Performance in Difficult Economic Times

It’s said that a week is a long time in politics. In the context of business, a week can be the... read more

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Questions

How important was cash flow to Vinomofo?

How important was cash flow and did it ever take a back seat when you were growing your company? read more

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Wendy Huang Full Time Blogger and YouTuber at A Custom Blog in 4 Minutes
Justin DryOwner at Vinomofo
Incredibly. We started Vinomofo with $100k in the bank so we didn’t have much wiggle room. It was so important to us that we would actually update it daily. This way we knew exactly where we were going to be (based on projections) at any time over the next 3 months.We also kept the business very lean to give ourselves the longest runway possible. Obviously the numbers are bigger now but we still manage cash flow and stock levels very closely.
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