If you’re a business owner, you need to know your business’ break-even point — the number of units you need to sell (in dollars or units) in order to cover your operating costs. If you reach this point, it means your business is turning a profit and in a more stable operating position. Being aware […]
What is your business’ break-even point? Read More »
1 July 2000 was the day the Goods and Services Tax (GST) was introduced to all Australians. This presented confusion to consumers, business owners and accountants alike with an endless list of GST dos and don’ts. In a nutshell, GST is a tax we pay via the items that we buy. As a simple example,
Goods and Services Tax (GST) Explained Read More »
In this article, we explore the top five reasons every business should consider hiring a bookkeeper and the benefits that can be achieved. Many business owners often find themselves being a jack-of-all trades when they start out. Before long, they find themselves managing each function of their business including management, marketing, administration and inventory as
Five reasons every business should consider hiring a bookkeeper Read More »
Currently, small employers (19 or less) are exempt from reporting ‘closely held payees’ through Single Touch Payroll (STP). Micro employers (4 or less) have also had the option of quarterly STP reporting. Changes to these STP concessions will end on 30 June 2021. Small employers have had some concessions when it comes to reporting their
Changes to STP and concessions ending 30 June 2021 Read More »
If you’re new to small business and doing your own bookkeeping or thinking about taking on the services of a professional, Arabon’s quick A-Z guide to commonly-used jargon will get you in-the-know quickly so you can be in control of your bookkeeping sooner. Whatever your situation, it’s important to understand the some of the common
Arabon’s guide to bookkeeping jargon Read More »
Finding ways to improve your business’ cash flow can be stressful.
8 ways to improve your business’ cash flow Read More »
If you run your own small business, you will have come across several different ways to evaluate your profitability. One strategy to increase your business profit margin is to use gross profit and gross profit margin. While they’re not likely to be the only figures you are using to health check your business, they are
8 strategies to increase your business’ profit margin Read More »
Generational succession – handing your business across to your kids or family – sounds simple enough. But, many families end up in dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational succession is managed as closely and diligently as if you were selling your business to a stranger to avoid misunderstandings and disputes – you need to make sure that everyone understands what the transition will mean and everyone is aware of their role and responsibilities.
Generational succession: Do your kids really want to take over your business? Read More »
When introducing new technology to your accounting process, you want the best software and apps to streamline your bookkeeping.
The best software and apps to streamline your bookkeeping Read More »