Small Business Loans and Cashflow

If you received a Small Business Cashflow Loan (SBCS), is your repayment plan on track? The scheme was launched to assist eligible small-to-medium businesses adversely affected by COVID-19. A top-up loan allowed businesses that had already accessed a loan to draw down...

The pros and cons of managing your own rental property

Investing in rental properties can be a great way to grow your wealth over the long term. But it’s not a passive investment – you need to maintain your properties and take care of your tenants. You can do that work yourself, or you can employ a property manager who...

How much should you pay yourself?

Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings. As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the...

Selling your business? Lets get prepared

Selling your business is a big move for any owner. You’ve built this company up, scaled it and put years of hard work into it. So when the time comes to sell, you’ll want to know that you’re getting the best price, and the best future for your legacy. We’ve outlined...

Provisional Tax vs. Terminal Tax

Understanding tax payments can feel tricky so we’ve broken down the basics of Provisional Tax and Terminal Tax. These two tax types are essential to managing your business finances and understanding them can help you avoid the infamous ‘second year tax...

The importance of regular bank reconciliations

Regular bank reconciliations are an important part of managing your finances. They are the process of matching the transactions in your financial records with those recorded on your bank statement. This is a critical process that helps identify and rectify any...

Reflect and reset for 2024

2023 provided its fair share of challenges, highlights, and opportunities, with many businesses and people feeling the pinch, prompting us to reflect on our resilience and adaptability. From adversity can come opportunity. As the new year begins, it’s time to reflect...

Short Term/Homestay Accommodation Changes

Do you need to be GST registered? Will your marketplace operator automatically attend to the GST on your behalf? Do you need to register for GST? If you are not registered for GST, you will need to register if you have earned, or will earn more than $60,000 from all...