Posts Tagged ‘small business’

20000 Immediate Asset Write Off

Good news the instant asset write off for 20k is now law. As we have explained before, it is a tax deduction for small business and not a refund. Small business means you must have turnover of less than $2m. Small businesses can immediately deduct one or more assets costing less than $20,000 purchased since…

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How to Save Time?

Our recent business networking meeting discussed the topic of how to save time. Our business owners gave us their tips on how to save time in our professional lives. Train and delegate to staff. Discipline yourself to begin to show your staff how to do things and eventually they will be able to take care…

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Ways to Measure Business or Financial Performance

This month, our business networking group discussed ways of how to measure business or financial performance. This was a great discussion and revealed many new benchmark ways business owners are using to monitor the performance of a business or financial lives. Look at your profits and numbers, do this at least monthly or quarterly. Remember…

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How to develop a marketing database for your business?

A marketing database is simply an electronic system processing your customer relationships, transactions and contact detail all in one. If you have a client list that contains your customers’ names, addresses, telephone numbers and sales information, then it is not difficult to turn it into a database without costing too much (normally less than $1000).…

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Do you need to outsource your finance and accounting services?

Why outsource? There are various reasons why firms should shifting financial operations to outside providers. For a new firm just start up, to employ a full-time accountant or bookkeeper is not necessary or not affordable. An international company with mobile workers in Australia, it is not sensible to incur too much cost on office premises…

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Cloud Accounting

So what is cloud accounting? Cloud accounting is a move to accounting software which is internet based. So you can share easily and timely which your financial advisers and accountant. It tends to be simpler and faster saving you time, so you can get on with better things in your business. An example is most…

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10 Quick Low Cost Ways to Stop Sales Dropping

Use quiet times to plan some marketing. Join a club, be sociable and tell them what you do. Ask for referrals, make it a process to do so every time. Visit or call existing clients, talk to them often if will give you work. Revisit existing clients rather than chasing new clients all the time. Have…

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Segregation of Duties for Small business Bookkeeping

Once your small business grows and you devote more time as well as effort into developing it, the sad reality is that you’ve got more to lose because of mistakes, dishonestly, and fraud. This is certainly of distinct importance with accounting and bookkeeping since they deal with controlling and tracking cash that comes in and goes out of your company. For instance, an unethical and experienced bookkeeper who was entirely responsible for all aspects of the bookkeeping for your small business could very easily rob money from your business and cover it up.

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How to pay employee superannuation tips

Take a quick lesson on How to pay employee superannuation in this video. Contact us for more assistance with your superannuation of employees on 08 8337 4460 Simpler one superannuation payment for all employees Break free with Tax Accounting Adelaide Services call us on 83374460 Sole trader, Partnership, Company and Trust Tax and BAS returns;…

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