Crypto Tax Australia – Important Update

Crypto Crackdown Featured Image

Crypto Crackdown Interest in cryptocurrencies has exploded in the past year. Bitcoin reached highs of more than $80,000 at the beginning of 2021. The internet meme, dogecoin, saw its value rise by 12% in May. Recently, the Australian Tax Office (ATO) announced that they will be continuing with their data-matching program in an attempt to … Continue Reading

Lockdown 4.0 – Government Support Packages

small business barber shop covid 19

There have been several support packages announced by the Victorian government as well as one from the Federal government. The following is a short summary of each with the links to the guideline details. BUSINESS COSTS ASSISTANCE PROGRAM There are 2 categories under this grant: Businesses that were directly affected by the circuit breaker industry … Continue Reading

What to do when buying a business

How to buy a business

We get asked these questions often: How do I buy a business? What documents should I request and how do I value a business that I want to buy? We’ve broken it down into these tips so that you don’t buy a bad business. 1. What type of business are you buying – franchise or … Continue Reading

[7 Finance Tips] How to start a business

7 Tips to start a successful business - Teamwork Accounting 900x600

Let’s look at 7 finance tips for starting a successful business. Avoid the common mistakes that new business owners make. In our 20+ years of experience giving advice to local entrepreneurs, we’ve seen a few things that work and a few things that don’t. Whether your business is online or not, this advice should help … Continue Reading

JobMaker Hiring Credit Scheme

JobMaker hiring credit

With JobKeeper coming to an end it might be worth considering if you are eligible for the JobMaker Hiring Credit. In summary the JobMaker Hiring Credit is a scheme whereby employers will receive a contribution towards employment costs of an additional employee starting employment between 7 October 2020 and 6 October 2021. The employee must … Continue Reading

Small business bookkeeping service – How to choose the right one

small business bookkeeping

When it comes to bookkeeping, small business owners don’t always have time for it, forget to do it and, let’s be honest, don’t really want to either. When searching for a  bookkeeper there are a few important questions to ask yourself: What’s covered by bookkeeping services? Why shouldn’t I just do my own books? Can … Continue Reading

5 tips to grow your trades business without money

Grow your business without money

Operating on a tight budget? We all share a desire to grow our businesses. A common question we come across though is: “How do you grow your business without money?” In our 50+ accumulated years of experience dealing with a wide variety of clients, here are 5 things we’ve seen help to grow a trades … Continue Reading

What business structure should you use?

Business Structure

Learn about the four main types of business structure in Australia For every business you own, there is a structure that comes with it. Deciding on a business structure isn’t a quick decision, as each one has its own advantages and disadvantages. To help you figure it out, we’ve outlined four of the main business … Continue Reading