3 Ways to Increase the Value of Your Business


 

Comments

Post a Comment

Popular posts from this blog

Australia’s New Wage Theft Laws: What Employers and Payroll Managers Must Know

  On 1 January 2025, Australia introduced landmark legislation aimed at combating wage theft—intentional underpayment of wages. These new laws elevate wage theft to a criminal offence, sending a strong message that deliberate underpayment will not be tolerated. Employers and payroll managers must act now to understand these laws, ensure compliance, and avoid significant penalties. Key Features of the Laws Criminalisation of Wage Theft Intentional underpayment is now a criminal offence. Employers found guilty may face fines, and individuals—including payroll managers—risk imprisonment. Clear Definitions Wage theft includes deliberate failures to pay wages, superannuation, entitlements, or penalty rates in line with industrial agreements or legal requirements. Increased Penalties Severe fines for organisations and personal liability for responsible individuals are now in place. Enhanced Enforcement Regulators like the Fair ...
Read more

Your FY2025 Business Budget

  As we move into the new financial year and continue to navigate the challenges of inflation, now is the ideal time to establish your FY2025 Business Budget. A business budget is not just a financial plan—it is a strategic tool that guides your business’s operations, ensuring financial stability and supporting growth. By outlining expected revenues and expenses, a budget allows you to allocate resources efficiently, plan for future investments, and manage cash flow effectively. This forward-looking approach enables you to set realistic goals, track performance, and make informed decisions. Moreover, a well-crafted budget helps you anticipate potential financial challenges, allowing you to take timely corrective action to avoid shortfalls. The process of creating a business budget involves several critical steps: 1. Review Historical Financial Data: Start by analyzing past financial records to identify trends in income and expenses. This historical insight provides a solid fo...
Read more

NOT SURE WHICH CLOUD ACCOUNTING SOFTWARE TO CHOOSE

  Many business owners are moving their business to cloud accounting software. The way we run our business is very different especially with cloud accounting offering so many benefits that includes: Saving time Saving money Providing peace of mind and less stress Better decision making with more information available Creating happier employees Improving cashflow In todays fast past technology boom, there are many tools that can make running a business easier and less stressful. What cloud accounting options are out there? Over the years, technology and industry demands as resulted in a number of cloud-based accounting products entering the market. These include: QuickBooks Online Xero MYOB Online Sage One Freshbooks Zohobook Cloud accounting software is there to help streamline and make running a business easier. Making the right chose for your business is important especially as there is so much on offer.   How to choose the right software In Australia, Xero, Quickbooks Onlin...
Read more