What are Buyer’s Agents and What are the Risks of Being One?

Are you knowledgeable and interested in property? A buyer’s agent (or buyer’s advocate) is a licensed professional that specialises in finding, evaluating and negotiating the sale of property for a buyer. They do not sell real estate. Only a properly licensed...

Is Xero Getting Smarter or is the ATO Better Organised?

SBR is making it easier to lodge your reports In 2010, the Australian government launched an initiative to simplify business reporting obligations, by enabling the accounting software to populate information from various government reports to save businesses time and...
Flare HR: The Small Business HR Department in the Cloud

Flare HR: The Small Business HR Department in the Cloud

HR is now in the world of cloud computing Cloud computing has changed almost every aspect of operating a small business, with one stark exception: HR. Where cloud accounting software makes it easy for small business owners to keep an eye on how they’re performing...

How Do You Make Money on Amazon?

Another way of earning money online With its launch in Australia in late 2017, Amazon has created another opportunity for Australians to earn money online, either by selling goods through Amazon’s “Fulfillment By Amazon (FBA) program” or its Associates Program (which...

The ATO will be Visiting Cash Businesses

Cashed-based business? Time to move ahead CASH CONTINUES TO be common in some types of businesses. However, the ATO urges Australian businesses to be aware of the numerous advantages of electronic payment and record keeping systems — especially in the long run. The...

Do Circulating Asset Provisions Protect You?

How to use your assets as security for a loan YOUR BUSINESS MAY need working capital in order to grow, but perhaps you are reluctant or unable to secure a loan for it. If you have in place sound credit management procedures, one option is to sell your receivables —...

“Factoring” or “Debt Collection”: Which Will Work Better for You?

Did you know you can “sell” your debt for cash? CREDIT MANAGEMENT IS a serious issue for all businesses. Debtor non-payment is a chief reason many businesses fold — a sentiment driven home by Director, FIFO Capital Newcastle, Zsolt Bircsak....

Are Customers Legally Obligated to Pay You?

Want to get paid? Have a contract in place! THERE ARE PLENTY of risks to operating your own business, but the largest ongoing one is making certain that your customers pay you, and do so on time. This is known as debt or credit management. Each state has their own set...

20 Questions You Need to Ask Before Starting a Business – Part II

Your wages, your name and your marketing I’VE BEEN WRITING about some of the 20-or-so questions I always think you should ask before you start a business. Some of them we cover in our Small Business Management Courses, and others may require you to do a little...

Has the ATO been bankrolling your business?

There’s a lot to learn about people who pay their tax debts late The ATO announced the other day that they’re owed more than $35b in tax debts, mostly from businesses and individuals are late filing their returns or making payments. Even though big businesses...