Cloud computing is where computer applications are hosted on a remote server and accessed via the internet. Chances are that you are already using cloud computing without even realising it. Do you check your bank account balance on your phone? Have you sent an email using your tablet? These are all done using the cloud.
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Mistakes made when starting out in business can be expensive to rectify later on. Existing business owners may also find the following tips useful. (1) Funding and Equity Decisions There are a number of ways to fund a new business including: Bootstrap (essentially, building a business from personal finances or from the operating revenues of
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Small business owners constantly face a myriad of threats to their growth. We’ve taken some of the biggest threats and put together some ideas on how to overcome them. Calling in the experts when it’s too late Many business owners call in the help of their advisors such as bookkeeper or accountant when they are
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Getting someone’s name wrong is a mistake we’ve all made at some time but there are some errors it’s really important to avoid. In business, getting your cash flow estimate wrong could have serious consequences, even resulting in your business closing its doors. These are the cash flow errors you really can’t afford to make.
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Does moving your business systems to the cloud live up to the hype? There are numerous benefits to moving your business to the ‘cloud’. But what does it mean for your business? Here are the top 5 reasons for moving your enterprise to the cloud. Reduced costs Your business can save big bucks by moving
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Getting your business activity statement (BAS) right is pretty important: not only can your cash flow be affected if you don’t get the refunds you’re entitled to, the Australian Taxation Office (ATO) may even impose some hefty fines if you get it wrong. So what are the more common mistakes and how can you avoid
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According to the Australian Taxation Office (ATO) many small businesses fail due to poor record-keeping. Aside from the legal reasons, there are many financial reasons for making sure your books are in order. So, how does good record-keeping ensure your business stays on track? Every small business owner knows that record-keeping can be one of
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The start of the new financial year is the perfect time to take a step back from your business to assess how it’s going and make any necessary adjustments. But when you’re engrossed in the day-to-day running of your business, it can be hard to know where to begin. We’ve outlined the steps you should
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Australian businesses with an annual turnover of more than $75,000 must be registered for GST. Charging an extra 10 per cent on top of services sounds simple, yet a number of small business owners get caught making one or more of these mistakes with GST. Businesses falling beneath the $75,000 threshold are not required to
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The $20,000 Small Business Instant Asset Write-Off has been extended for another 12 months. Businesses with an aggregated turnover of less than $10 million will be able to take advantage of the write-off until 30 June 2018 provided that the asset was acquired and installed ready for use in your business by this date. The
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The Federal Treasurer has presented the 2017 Budget to parliament and, amid all the hype, it can be confusing to know how it may impact your business. We’ve outlined the most important aspects of the proposed changes as we see them potentially affecting SMEs. National Partnership on Regulatory Reform (NPRR) The Federal Government has committed
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