As a tradesperson, managing your finances can be a daunting task. From keeping accurate records to staying compliant with tax laws, there are many challenges that can arise when managing your accounting and bookkeeping. In this blog, we will outline some of the key challenges faced by tradies and how to overcome them. 1. Keeping … Continue reading Top 10 Challenges As A Tradie To Manage Your Finance
A customer credit policy is an important aspect of any business, as it helps to manage the financial risk associated with extending credit to customers. By setting clear guidelines for credit approval, credit limits, and collections, a credit policy can help to ensure that a business is able to maintain a healthy cash flow and … Continue reading 10 Easy Steps You Can Turn Customer Credit Policy Into Success
As a foreign owner of a residential property in Australia, it’s important to be aware of the vacancy fee that may apply to your property. The vacancy fee is an annual fee that is applied to properties that are not occupied or available for rent for at least 183 days (6 months) in a 12-month … Continue reading Vacancy Fee for Foreign Owners
In a business, losses are not the end of the road, but rather an opportunity to learn and improve. They are the result of an action or initiative taken in an effort to achieve success or risk taken in anticipation of creating something better or bigger. Losses are a record of what might not work … Continue reading Why Losses Are Shown in the Assets Side of Balance Sheet?
The small business capital gains tax (CGT) concessions are a set of tax provisions that allow eligible small business owners to pay less tax on capital gains they make on the sale of certain business assets. To be eligible for these concessions, a business must meet certain criteria, including having an aggregated annual turnover of … Continue reading Quick Tips for Small Business CGT Concessions
