Article category: Business

In the fast-paced world of business, managing finances can often feel like a daunting task. Many business owners are tempted to tackle their own bookkeeping, believing it will save money and provide greater control over their financial data. However, the reality can be quite different. This article delves into the pitfalls of DIY bookkeeping, the…

When it comes to business strategies, entrepreneurs often find themselves juggling between short-term gains and long-term sustainability. A common dilemma is whether to sell a flourishing business for immediate cash or keep it for long-term growth. While selling might seem like an attractive option, there is a powerful reason to rethink this approach: capital compounding.…

Are you tired of paying high taxes on your business income? Do you want to protect your assets and minimise your tax liability? Choosing the right business structure is crucial for achieving these goals. As an experienced Public Accountant and Registered Tax and ASIC Agent, we have helped numerous businesses and individuals in Australia optimise…

Running a business in Australia can be a fulfilling endeavour, but it also comes with its fair share of responsibilities. One of these is managing your tax obligations, which can be time-consuming and complex. Luckily, there are various tax deductions available to businesses that can help reduce their taxable income and save them money. Let’s…

Cryptocurrency has taken the world by storm! This ever-evolving and ever-changing “currency” has had a lot of misconceptions spread around it due to its fast-paced acceleration into the world of business and investing. If you've invested in cryptocurrency as an Australian tax resident, it's important to stay informed about ATO tax rules and avoid common…

As a sole trader, managing your finances and understanding your accounting responsibilities are crucial to your business's success. Without a clear grasp of your financial situation, you risk losing control of your cash flow and may face difficulties when it comes to tax time. In this article, we will explore the best practices for managing…