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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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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A company is a separate legal entity with its own rights and obligations.  Company assets, liabilities, income and expenses belong to the company entity, not to the individual directors. Directors are bound by certain rules that govern your behaviour.  You must carry out your duties as a director in good faith, in the interests of
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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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What happens in your business if more than one staff member does not show up for work? What would happen if you or a key member of staff couldn’t work for a day or even a week? Would your business be in trouble? Could others on the staff cover for them? Do you even know
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If you are finding that doing your own bookkeeping is taking away valuable time from running your business, or that the service you are using is not producing the results you expect, it may be time to consider the services of a professional bookkeeper. If so, there are a few questions you should ask so
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