Cashflow management

5 Steps to Successfully Implement Your Cashflow Plan

Having and implementing a good cashflow plan means that you’ll have a clear understanding of what... read more

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Willow Sloane
Willow Sloane Director, Communications and Culture at Boss Finance Australia
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Business finance and loans

Financing Your Business Growth: Loans, Leases and More

Businesses either fail, stay in the same place for years, or they continuously grow and expand.... read more

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Mark Chapman
Mark Chapman Director of Tax Communications at H&R Block
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Taxation

5 Ways Child Care Providers Can Legally Lower Tax

Everyone wants to minimise their taxes, especially business owners everywhere in the world and... read more

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Business finance and loans

How to Increase Your Chances of Securing a Business Loan

The majority of businesses are in need of a business loan at one point or another throughout their... read more

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Andre Smith
Andre Smith Marketing
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Cashflow management

23 Ways to Help You Improve Poor Cash Flow

Positive cash flow is crucial for any business’s financial success. If your cash flow is in a poor... read more

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Jef Lippiatt
Jef LippiattOwner at Startup Chucktown
Definitely a helpful article. I'm guilty of not looking in as many places as I should to make changes. But keep in mind cost cutting to attain profitability is not a successful long-term strategy. Look for efficiencies not things to just hack off.
Business finance and loans

4 Tips on How to Get a Bank Loan for Your Startup

Every startup, regardless of how amazing their idea is, needs financial support in order to start... read more

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Accounting

How to DIY with Cloud Accounting Systems

Every business, regardless of their state of progress and size should keep accounting... read more

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Jef Lippiatt
Jef LippiattOwner at Startup Chucktown
Thanks for sharing. There are lots of good morsels to think about.
Taxation

How to Tackle the Tax Man In The Small Business Playground

Keeping up-to-date with tax payments is not only a challenge for struggling cash strapped... read more

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Cashflow management

Do You Have a 'Cash-Flow Conundrum'? If Yes, Remind Yourself That Cash Is King (and Queen).

Cashflow management can be a tricky challenge to master. And consequently, if managed poorly, can...read more

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Business finance and loans

5 Ways to Fund Your New Small Business

Funding is difficult for almost all startups, so how can yours get some? There are several ways... read more

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Terry Chadban
Terry ChadbanFounder/manager at Port Macquarie Online Marketing
Hi James, a bit late in catching up but welcome to SavvySME! You briefly mentioned government grants but if startups check the state and federal government websites they would be amazed at the number and value of government grants and loans available for business startups.
James Burbank
Thanks for the kind words and welcome Jeff. I usually find that the vast majority of business options have been around in some form or another since seemingly forever.
Cashflow management

8 Steps to Avoid Cash Flow Problems at Your Small Business

Is your business experiencing cash flow problems? Here is an expert 8-step process to solving that...read more

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Finance and accounting

Most of us are overconfident about our financial knowledge - that's a risk

How good is your knowledge of finances? Do you ever try to sound smarter than you are? Well, that...read more

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Insurance

Business Insurance: Which Coverage Do You Need?

With little to no money as a startup, you may ask yourself the question "do I need business... read more

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Jef Lippiatt
Jef LippiattOwner at Startup Chucktown
This is definitely a topic that doesn't get as much coverage as it probably should within the business community (especially startups).
Accounting

Top 6 Must-Do Tasks to Review Your Business Performance Before EOFY

As the end of the financial year comes up, there are some tasks you must undertake. The first two:... read more

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Jef Lippiatt
Jef LippiattOwner at Startup Chucktown
Very well written and helpful article. Thanks for sharing.
Budgeting and forecasting

This week in finance: Tech stocks get the wobbles, Fed to lift rates and jobs data out

This economy data has both positive and negative outlooks for businesses in the coming month, with...read more

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Accounting

How to Choose the Best Accountant for New and Established Businesses

When starting a business, you need your accountant to offer certain services, such as business... read more

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Budgeting and forecasting

2017/18 Budget – In Plain English

Okay, another year and another budget. My inbox is full of very intelligent people and... read more

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Hitesh Mohanlal
Hitesh Mohanlal Director at WOW! Advisors & Business Accountants
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Jef Lippiatt
Jef LippiattOwner at Startup Chucktown
Very smartly written up summary. Thanks for sharing.
Budgeting and forecasting

Budget 2017: 10-Minute Guide for SMEs

While there were a few clear winners from Budget 2017/18, small business owners may feel somewhat... read more

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Aishah Mustapha
Aishah Mustapha Freelance Writer & Content Marketer at SavvySME
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Budgeting and forecasting

Federal budget can’t fix 'dangerously dumb' housing prices

Any measures in the federal budget aimed at housing affordability will have little impact on...read more

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Budgeting and forecasting

Here's what to expect in the 2017 budget

The concept of home and all that it means will come into focus at this year’s federal...read more

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Finance and accounting

Scott Morrison's good and bad debt not black and white

Treasurer Scott Morrison has laid the foundations for more of that good debt in the federal budget...read more

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Cashflow management

Cash Flow: The Oxygen of Business

We’ve all seen enough movies to know how to conserve oxygen if we’re stuck in a lift. Don’t speak... read more

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Jef Lippiatt
Jef LippiattOwner at Startup Chucktown
Very insightful piece, thanks for sharing.
Superannuation

The Sorry State of Australia's Superannuation Debate

When it comes to fiscal policy there is little that unites the income spectrum but here in... read more

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Finance and accounting

Why Your Winning Strategy Needs to Come from Finance

When it comes to making corporate strategy the more informed the board is the better decisions they... read more

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Phil Khor
Phil KhorFounder at SavvySME
Great article Peter, I agree thats expectations of CFOs and their departments have grown over the years i.e. for CFO's to be more strategic, and advise on strategic matters as oppose to simply churning out management reports. Similarly, I expect good accountants for small businesses are those who are able to advise (or at least influence) on the direction of a business rather than simply to fulfil minimum ATO obligations such as BAS and tax returns. Thanks for sharing.
Insurance

How to Save Your Business Thousands By Asking the Right Questions

Overpayment of a “love to hate” Whilst insurance is a ‘must have’ that some Australian’s love to... read more

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Government grants

Free Money: How To Get Your Hands On Government Grants

Oh, to be a kid again. It might be the only time in your life free money existed. Sure, you might... read more

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Cashflow management

Australia’s Long Payment Culture - the real impact on Small and medium sized business

Small and medium sized businesses employ 7 million Aussies (70% of workforce) and generate over 50%... read more

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Lachlan Handley
Lachlan HandleyDirector at FIFO Capital NSW
Dun & Bradstreet compiles some really interesting analysis around speed of invoice payments (D&B Australian Trade Payment Analysis - http://dnb.com.au/article-tpa-3Q16-report.html#.WCpI9Vu9Y4A). The most recent report for the three months to September 2016 shows the national average time for an invoice to be paid is 45 days. As Alistair notes, large companies are often the slowest payers and use their position to stretch payment to suppliers, often 60 pays plus!
Taxation

Why Small Business Owners Need To Understand Tax

The tax system is complex and constantly changing. A good tax advisor is essential to every small... read more

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Paul Marini
Paul Marini Partner at Advantage Advisors
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Accounting

5 Mistakes to avoid when choosing an accountant

Accounting helps you keep a track of your transactions. Maintaining accurate books of accounts is... read more

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Jinendra Shah
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Finance and accounting

The Argument for Positive Gearing

Sometimes it’s hard to work out what Australians love more, cricket or property investment. On the... read more

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Finance and accounting

Finance Tips for Savvy Female Entrepreneurs

A strong and knowledgeable business foundation is the key for female entrepreneurs when it comes to... read more

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Finance and accounting

How to Think Outside the Box when Investing

Alternatives for the Retail Investor Once upon a time deciding what to invest in depended on the... read more

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Banking

Risk averse Australian banks have lost the art of banking — and it’s hurting our economy

You would be hard-pressed finding a story where one of Australia’s big banks supported an... read more

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Lachlan Handley
Lachlan HandleyDirector at FIFO Capital NSW
There was a time when if you needed money you went to the banks. But unless you have residential or commercial property, there is no point. The banks simply aren't in the business of lending money on an unsecured basis in any meaningful way because the reality is a lof of business fail in the first two years. I don't really think that is ever going to change, regardless of how profitable they are. Thankfully financial innovators have moved to fill this void - there are now more options available to obtain finance: peer to peer lenders, on-line unsecured lenders, invoice finance, crowd funding, the list goes on. I agree with Brian that the borrower should have some / all of their own money at risk (;skin in the game') - why should the lender fund 100%. Cheers Lachlan @ Fifo Capital
Brian Mallyon
Brian MallyonOwner at Luckypole Limited
I don't know what happened in banking between 2001-2008, but certainly in my time prior to that, it was very rare for a bank to lend against 80% of the value of a business. It was probably the lending practices and regulations that meant Aussie banks came through the GFC pretty well compared to overseas counterparts. You can be absolutely sure if they hadn't, people would be screaming about the greedy banks getting their just desserts. So where do we find a balance, that is probably a better question. All those excuses listed above are the exact reasons NOT to lend money to people. Why should the bank take on ALL the risk for a transaction where the borrower isn't providing any "hurt" money or collateral, and often nothing more than an idea. Especially when such a large number of these start ups never get going properly, because of the "fail fast, fail often" world we live in. For the true entrepreneurs and innovators where are the VC's and the like? These are the ones whose business is attuned to assisting startups.
Accounting

Cash and Accruals for GST Reporting - Which One's Better?

GST reporting is a requirement for every small business owner. Cash and accruals are both... read more

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Accounting

7 Accounting Blunders Most Small Business Owners Make

Accounting is not as simple as adding and subtracting numbers. In order to save costs, some small... read more

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Yazmin Barajas
Accounting is not that easy so you don't want to really do it on your own, hiring another professional can help you and make the work more easy or maybe outsource accounting. In software you really need to use up-to-date program so that you can achieve more efficiency when using it. In a business you must not throw any receipts because it is a proof of the expenses. Choosing the best professional accountant is not that easy but if you chose right it can help your business gain more success.Yazmin Barajas, Head OpsOffshore Business Processing Accounting Solutionshttp://www.offshorebusinessprocessing.com/accounting-services
Jef Lippiatt
Jef LippiattOwner at Startup Chucktown
Definitely all great insights!
Taxation

Growth-friendly Federal Budget aims to stimulate SMEs

Treasurer Scott Morrison’s 2016-17 Federal Budget once more demonstrated the Australian... read more

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Naomi Lynn
Naomi Lynn Senior Marketing & Client Relations Executive at BDO in Australia
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