Choosing a Payment Method for Your Business: Is Electronic the Way to Go?

Choosing a Payment Method for Your Business: Is Electronic the Way to Go?

Deciding which payment methods to offer customers is an often overlooked area of business. Many small businesses begin by accepting cash-only payments, while others venture early into the ever-growing world of electronic payment. There’s no question that, at least for the time being, cash is clearly still an important part of our transactions, but it may be worth it to your business to consider offering electronic methods, as well.

What You Need to Know About Superannuation

What You Need to Know About Superannuation

No matter your age, if you’re employed, you’ve heard of superannuation. This is money that your employer pays into an account set up for your future after retirement. Since superannuation provides for your retirement, it’s an incredibly important asset. Even knowing this, many Australians are understandably confused by the details of superannuation. The truth is, understanding how superannuation works is a vital part of your financial health — and it really isn’t as complicated as it sounds.

Starting a Side Business

Starting a Side Business

People are becoming more and more interested in beginning a side business; separate from their usual means of making an income. You may simply desire additional income, or maybe you want your side gig to eventually become your career.  Particularly with these changing career desires and needs, when it comes to your taxes, it’s vitally important to understand the difference between a side business and a hobby.

Tips for Avoiding a Tax Audit

Tips for Avoiding a Tax Audit

The audit is a dreaded part of tax filing that every Australian would like to avoid. Each year, the Australian Taxation Office announces which pieces of your financial information will be their main focus. While the best way to avoid an audit is to be clear, consistent, and honest with your reporting, there are some key things you can do to avoid finding yourself under the watchful glare of the ATO.

How to Make the Most of Your Time

How to Make the Most of Your Time

Time is money, as they say. On the other hand, it’s just as common to say “work smarter, not harder.” Trying to do too much at once can be overwhelming and ultimately bad for business, as it usually ends in getting very little done at all. Whether you’ve started your own firm or switched careers to something that allows you to work from home, you’ll need to re-evaluate how to best use your time.