2021/22 Year-end Checklist for Business
Small Business Entities Tax Checklist Traditionally, year-end tax planning for profitable small businesses is based around accelerating deductions and deferring income. Small Business Entities (‘SBEs’) – i.e. those with an aggregated turnover of less than $10 million – often have greater tax planning opportunities compared to other businesses, due to certain concessions generally only applying […]
Human cost of late payments
Late payments affect business from financial and operational perspective It’s an issue that’s close to our hearts and a conversation that matters. But another conversation, one that’s often lost amid all the talk about lost revenues, invoice-chasing and the rest is the human cost of late payments. Because when businesses aren’t paid on time, it […]
Xero add-ons for your business
3 profit-boosting Xero add-ons every business should know about So what add-ons should be on your hit list? In simple terms, an add-on is a piece of technology (usually software) that enhances and customises applications. Here’s a few of our favourite profit-boosting Xero add-ons every business owner should know about. Vend Hailed as the world’s top Point of Sale […]
Xero Small Business Insights April
Small business health upswing as payments, hiring improve February’s numbers are in – late payments and casual employment improve while cash flow worse. That suggests cyclical movements in Australian small business are on track to repeat themselves in 2018. While tighter cash flow is nothing to cheer about, the historical data suggests small businesses’ health will […]
Late payments worsen as seasonal trends hit in 2018
Xero small business insights January is typically the worst month for on-time payments to Australian small businesses. Many families are on school holidays, some businesses shut for weeks and outstanding bills can sit unpaid. This year was no different, and the latest Xero Small Business Insights data shows businesses waited an average 38.8 days to […]
Cash is king, cloud-style
We all know that cash is the lifeblood of a business Every year in most major economies, tens of thousands of businesses fail or are in acute distress. Even good businesses sailing too close to the wind can fail, often unexpectedly and with alarming speed. Without cash and liquidity, eventually a good business will be […]
