by Tracy | May 16, 2024 | Business, News
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...
by Tracy | May 10, 2024 | Business
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...
by Tracy | May 7, 2024 | News, 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...
by Tracy | May 1, 2024 | Business, Newsletters
The curtain has officially fallen on the 2024 financial year. As we bid farewell, it’s time to wrap up our accounts and take stock of our financial performance. If you haven’t done so already, it’s important to ensure that your financial records are...
by Tracy | Apr 23, 2024 | News, Xero
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...
by Tracy | Apr 17, 2024 | Uncategorized
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...
by Tracy | Apr 15, 2024 | Uncategorized
As a property owner, it’s important to stay updated with the changing tax landscape. One of the significant changes on the horizon pertains to the bright-line property rules. These rules are set to change from 1st July 2024, and here’s what you need to...
by Tracy | Apr 15, 2024 | Uncategorized
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...
by Tracy | Mar 6, 2024 | Uncategorized
Running a business is a demanding job, so it’s no wonder owners lose track of crucial things at tax time, such as: Deducting entertainment expenses Dinner and lunch meetings with clients and customers are partially tax deductible. Keep your receipts and check in with...
by Tracy | Feb 29, 2024 | Uncategorized
In the world of business, achieving cashflow freedom is a milestone that many business owners and sole traders strive for. It’s the point where your business generates enough cash to sustain not just its operations but also your desired lifestyle. However, in...
