Take all the tax advantages you can For small business, in particular, there is a range of concessions and funding you can access. Many businesses simply don’t realise the opportunities available to them. A simple example is trading stock valuations Your trading stock is an asset that is recorded on your balance sheet. In most…
There’s not a single small business owner who would prefer doing data entry over actually working on their business. However, small business owners have spent way too much time in the past hunched over a laptop instead of doing anything else with their time. With the smart tools available in your online accounting software, it’s…
It can be tough to make it in the hospitality industry, but technology is helping improve the odds by improving efficiency and customer experience. Adopting the right technology in your hospitality business can be a game-changer, and the industry is catching on. From cloud-based accounting tools and new ways to think about customer loyalty programs,…
The sharing economy is often held up as a big, bad threat to small business. But more are feeling positively about it than negatively. According to MYOB’s latest Business Monitor release, 75 per cent of businesses felt neither positively about the likes of Uber and Airbnb or negatively about them. However, more said it was…
Cloud accounting has been around for quite a while now, but even still, the idea of taking our data to the cloud can be a little confronting for some. With these technological enhancements, there’s never been a better time to understand the opportunities to optimise and grow your business. 1. Access anywhere, anytime With cloud accounting solutions, you…
Continuing with our pointers to show you what you need in a good bookkeeper (part 1), make sure your bookkeeper makes the grade in each of these areas: 4. What about technology? You’ve heard of ‘the cloud’. That term scares so many but has changed the face of how we all do business. Has your bookkeeper…