Managing and mitigating risk is one of your key responsibilities as a business owner. And in recent years, we’ve seen an increasing level of risk associated with extreme environmental conditions and fluctuating weather events. Storm damage, wildfires and flooding are on the rise, threatening your ability to keep your business trading during weather-related emergencies. What […]
29
Sep
Sep
Cryptoassets – which include cryptocurrency – are big business. In 2025, around 741 million people owned cryptocurrency globally, with Bitcoin and Ethereum remaining the poster children of the industry. This growth in popularity has led to more taxpayers dabbling in cryptoassets, whether in the hopes of making huge gains or just to see what the […]
22
Sep
Sep
Let’s be honest, it’s a tough time to be running a small business. Your business is trading in one of the toughest financial environments we’ve seen in some years. According to the latest stats from the Australian Bureau of Statistics, almost half (46%) of businesses have reported operating expenses increasing over the past four weeks. […]
15
Sep
Sep
Here’s our Plain English guide to profit and loss and what this report reveals about your finances. What is profit and loss? Your profit and loss statement is commonly called your ‘P&L’. It’s also sometimes referred to as your income statement or statement of earnings. Your P&L is a breakdown of your company’s revenue (money […]
08
Sep
Sep
For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, this limits the insights you can achieve for your business. With a backward-looking ideology, it becomes difficult […]
01
Sep
Sep
No business exists in a vacuum. Whatever sector or industry group you trade in, you’ll be surrounded by competitors, established industry leaders and upcoming challengers. Benchmarking is one way to understand how well your business performance compares against these close competitors, and what the wider-reaching challenges are within your industry. But how does benchmarking work? […]
25
Aug
Aug
In today’s digital times, you’re probably used to having unrivalled access to your financial numbers, key performance indicators (KPIs) and cashflow metrics. Without good bookkeeping, the speed and quality of your reporting can quickly fall down. So, why is fast and accurate bookkeeping so important? And what are the main bookkeeping tasks that your business […]
19
Aug
Aug
From 1 October 2026, businesses will no longer be able to apply a surcharge to debit, prepaid and credit card payments on designated eftpos, Mastercard and Visa networks. This is a significant shift, not only for consumers, but also business owners, who only have a few more months to prepare for this change. Surcharging explained […]
18
Aug
Aug
Cashflow is incredibly important for businesses. More cash in the account means more capital to fund day-to-day expenses or buy new equipment. However, many small business owners report difficulties when it comes to the delay between issuing an invoice and actually getting paid. Six ways businesses can encourage clients to pay their invoices quicker Reduce […]
11
Aug
Aug
When you’re operating and managing a small business, you have a finite pot of cash to work with. Because of this, it’s incredibly important to manage your cash well and to have clear budgets and spending limits for every area of your business operations. Let’s take a look at why budgeting is such a vital […]