The new financial year has arrived, but the effects and financial difficulties of covid-19 are unfortunately likely to continue for a while longer. With that in mind, today we are discussing the best tips and strategies for leaders in terms of the best financial practices going forward. Now more than ever, it’s important to get to grips […]
Finalised your year-end activity for the 2019 financial year and contemplating the business’s prospects as the dawn of a new decade approaches? As stagnant wage growth and lacklustre consumer sentiment continue to put the brakes on economic growth in Australia, finding efficiency gains has never been more important, for local enterprises that hope to survive […]
A new financial year plan can make all the difference for your SME It’s never-ending for business owners: if it’s not BAS time, it’s EOFY, then the cycle starts all over again. With the EOFY rush receding, July as the first month of the new financial year is a great time to take stock. Scottish […]
By: Olly Guilleaume EOFY has come and gone. How’s your cash flow looking? The rush and pressure felt by many businesses at the end of the financial year have come and gone. Now that the smoke from EOFY has cleared, you can take a considered approach to setting business objectives and planning expenditures for the year ahead. […]
The start of a new financial year is an ideal time for business owners to take stock of the business, review progress towards growth goals, and re-align plans as necessary. While there is no one-size-fits-all approach for businesses to make their planning more effective, there are a number of key considerations that can help business […]
With the global economy looking fragile and one of Australia’s largest trading partners, China, slowing down, it’s important for Australian business decision-makers to re-evaluate their position as the new financial year begins, according to Atradius. Mark Hoppe, managing director, Oceania, Atradius, said, “The start of the new financial year is traditionally an ideal opportunity for […]
By Matthew Prouse, Head of Industry, Xero Australia New financial year, new obligations and opportunities… If you’re like most small business owners, you’re probably focused on closing out the 2018-19 financial year. But it’s worth taking a moment to consider the year ahead too. There are new regulations to be aware of in 2019-20 – […]
Australia’s tax agency says it can retrospectively deliver tax cuts if the coalition’s proposal doesn’t pass through parliament before the end of the financial year. But it remains to be seen if the tax cuts will pass parliament, with key crossbench senators still to pledge their support for the plan. Government senator Zed Seselja is […]
Kick off the new financial year by discovering who your profitable customers are and gently shed the loss makers. Chris Ridd, managing director of small business accounting software provider Xero, explains how.
The common question we’re asked by many clients is, “how much of client Christmas entertainment can I claim as an income tax deduction?”
