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...

Current unemployment rate highest in Australia than peak of GFC

Is there security in being an employee? The Australian Bureau of Statistics recently announced that the unemployment rate had fallen to 6 percent; news that was probably met with a collective mopping of eyebrows and sighs of relief from the Abbott government which has...

Does The Government Even Care About Small Businesses?

Pay a Success-Based Tax If you’ve ever owned an investment property, you know about capital gains tax (CGT). It’s that nasty little tax you pay on any gain you make when you sell or dispose of capital. There are exceptions, of course. If the property is your primary...
Are You Master of Your Domain? Protecting Your Intellectual Property

Are You Master of Your Domain? Protecting Your Intellectual Property

In a previous post we talked about why and how you would go about protecting your business name, which we also cover in a lot more detail in the Intellectual Property and General Law module of our Small Business Management and Start-Up course. In this post, we thought...
Are Your Sensitive Parts Exposed? Protecting Intellectual Property

Are Your Sensitive Parts Exposed? Protecting Intellectual Property

In our Small Business Management and Start-Up Course, we feature a module about protecting your intangible assets, which relates to your intellectual property rights, such as your right to use your business name. Few people are aware of when they need to register...
Setting Goals: What Makes or Break Them?

Setting Goals: What Makes or Break Them?

In a previous post we talked about how important it is to plan and keep taking risks in business. A big part of planning is goal setting; in fact, the two are so intimately linked, it’s impossible to really do one without the other. In our Small Business Management...
Financial Planning: What Costs are Depreciable or Not?

Financial Planning: What Costs are Depreciable or Not?

We’ve talked about financial planning in previous posts and in our last post specifically covered sales forecasting. In our Small Business Management Course, you will learn, in much greater detail, how to create a financial plan for your business, but we thought...