E-commerce

 The Five Biggest Reasons for Small Business Failures in Australia
Business
March 15, 2023

The Five Biggest Reasons for Small Business Failures in Australia

"As a business owner, having the ability to identify and address problems before they become critical offers a significant advantage. In this article, we'll outline the top five reasons behind small business failures, including how to recognise them and what steps are needed to avoid them."

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Eight accounting tips for e-commerce businesses
Business
February 2, 2023

Eight accounting tips for e-commerce businesses

With no need to pay rent and the ability to fulfil orders from a warehouse or home, running a successful online store has become an increasingly appealing option for many young entrepreneurs and aspiring business owners. Due to the availability of low-cost start-up options and the many online selling platforms now available, Australia has experienced a significant increase in the number of e-commerce businesses operating online in recent years.

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Your guide to starting a business in Australia for 2023
Business
January 26, 2023

Your guide to starting a business in Australia for 2023

Starting a new business is a dream come true for many aspiring entrepreneurs. Being your own boss offers the potential for financial freedom and increased earning potential. However, it's important to keep in mind that the rewards of owning a business come with their own set of challenges.

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The different types of business taxes in Australia
Accounting
December 15, 2022

The different types of business taxes in Australia

Unlike income tax which is relatively straightforward for employees, tax for businesses is a much more complicated world to navigate. As a small business owner in Australia, you must ensure these tax obligations are met.

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How do I value a business?
Business
November 17, 2022

How do I value a business?

Whether you’re buying, selling or exiting a business, accurate business valuation skills are incredibly important to have. In essence, business valuation determines its current worth by using objective measures and evaluating all aspects of the business.

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How do I manage the bookkeeping for my small business?
Accounting
September 15, 2022

How do I manage the bookkeeping for my small business?

Keeping clean financial records is crucial when it comes to maintaining healthy cash flow, satisfying your tax requirements and tracking the success of your small business. Unfortunately, the process of bookkeeping as a small business owner can be overwhelming and difficult to understand, especially if you have no background in accounting.

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An eight-step guide to hiring your first employee
Business
August 18, 2022

An eight-step guide to hiring your first employee

Hiring your first employee is a scary experience as a small business owner. The people bring on board early on in your journey will play a big role in shaping the future and direction of your business. To make sure you nail the hiring process and leave a good impression on your first employee, follow our simple eight-step guide.

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12 great tax planning strategies for small businesses
Accounting
May 19, 2022

12 great tax planning strategies for small businesses

Prioritising your taxes until too late can mean you end up missing out on substantial deductions at tax time. For small business, tax planning is an essential part of managing your cash flow and limiting unnecessary expenditure.

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5 tips for managing your business’ cash flow
Business
May 5, 2022

5 tips for managing your business’ cash flow

Effective cash flow management requires constant focus and organisation. Whilst your business may succeed at earning a profit, you can easily find yourself struggling to pay off necessary business costs.

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5 tips for pricing your small business
Business
April 28, 2022

5 tips for pricing your small business

Small business is an emotional rollercoaster, especially when you’re starting out. Your day-to-day work life can change on a whim. One day your calendar is booked out, the next you’re looking for something to do.

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8 tips for getting through the first 30 days of business
Business
April 22, 2022

8 tips for getting through the first 30 days of business

The first month of starting a business is often the hardest. There is so much to do, so many decisions to make and whatever income you make is dwarfed by your mounting expenses.

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When is the right time to start a business?
Business
April 14, 2022

When is the right time to start a business?

Timing is crucial to the success of any business. You’ve done the planning, you know your product and you’ve researched the market. The only question left is ‘when should I start my business?’

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Six areas to improve your small business in 2022
Accounting
April 7, 2022

Six areas to improve your small business in 2022

Many business owners experience times when they struggle to stay afloat. Running a business, particularly in its early days, can weigh you down with an endless stream of responsibilities and problems that require your undivided attention.

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Should I be offshoring in my small business?
Business
March 24, 2022

Should I be offshoring in my small business?

Deciding whether to start hiring offshore is a choice many business owners will face along their journey. For a long time, offshoring was a strategy mostly limited to outsourcing a company’s production and manufacturing needs. Now it’s used for a whole lot more.

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A five step guide to repricing your business.
Business
March 3, 2022

A five step guide to repricing your business.

Getting your pricing right is an essential part of running a profitable business. But over time there are many factors that can change the conditions of the market you operate in.

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Everything you need to know about director identification numbers
Business
February 24, 2022

Everything you need to know about director identification numbers

Since last November, new legislation has required all company directors to apply for a director identification number in order to better track the activity of directors and their companies.

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Which accounting software is best? Xero vs Quickbooks Online
Accounting
February 17, 2022

Which accounting software is best? Xero vs Quickbooks Online

Accounting is never anyone’s favourite part of running a business. Luckily for business owners, the quality of online tools now available has meant that managing your accounting is far less painful than it used to be.

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