Release yourself from the tie of Bad Debt
There is a famous quote that says: “A business can go broke while making a profit.” If this were to happen to your business, it would indicate poor cash-flows. Cash-flow is vital
Continue reading
EOFY Reporting and Lodgement Requirements
It is 30 June 2017 and there are certain reporting and lodgement requirements that need to be carried out at year-end. If your business pays wages and/or pays contractors, there
Continue reading
Job Costing: How to maximise your profit
Job costing is the best way for you to increase your profit and cash flow. This means you need to track the profit of individual jobs. For example, any single job may involve
Continue reading
2017 Budget Updates: GST and Superannuation
The Federal Treasurer, Scott Morrison has delivered his second budget. Mr Morrison said the budget is focused on boosting the economy and households, so that we live within our
Continue reading
Business Budget: How useful is it for your business?
June quarter is when many entities create a budget by estimating business income and expenses for the next financial year. Ideally, the budget is then used to compare the actual
Continue reading
3 Ways to Reduce Bad Debtors
The construction industry is currently going through a volatile phase. There have been numerous builders going into administration in the last few months and this has left a lot
Continue reading
Tax planning for Tradies
Tax Planning If you operate a business, you may be able to claim more tax back on that new ute than you thought. In the 2016-17 budget, the Government announced a change in the
Continue reading
Bookkeeping For Tradies
The most important function in your trade business is your accounts and bookkeeping function. To enable you to focus on managing your business, you need to have adequate systems
Continue reading
Boosting Profit For Trade Businesses
Boosting profit should be the main aim of a business owner. Whether you have a trade business or you operate in another industry, you should have the goal of boosting the profit
Continue reading
Xero Applications for Construction and Trade Industry
Following on from our previous post about management software, we look at the top rated Xero apps used by businesses in construction industry. What are some of the applications
Continue reading