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Remaining in control of the cash coming into (and going out of) the business is the real focus, so you can accurately predict your financial position and can resolve any issues.
Paying the required surcharges on debit card transactions made by your customers is an operational cost that many business owners would love to see disappear. The Government is proposing banning these surcharges from January 2026.
How can your small business compete with the big multinationals? Here’s how to maximise your boutique appeal to retain existing customers and draw in new ones.
Inflation may be down, but there’s still real uncertainty for business owners. So how do you get more clarity for your future plans?
Christmas is just around the corner, many businesses are planning end of year functions and gifts for employees and valued clients. There are a number of tax implications that need to be considered.
Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue.
You’ve spent a lifetime building up your family business, growing the company and creating a lasting legacy for your nearest and dearest. What are the signs that it’s time to step down? And what’s the best time to put your succession plan into action and to pass the reins to your successor?
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Thinking of selling your business? It’s vital to plan ahead and to add value to the company, prior to a sale. Here are five key areas of value to focus on as part of your exit strategy.
For many businesses, priorities have changed, customer behaviours have mutated, and revenue streams have had to evolve and pivot to maintain a profitable business model.
Working for yourself or running your own business? Setup robust systems for expenses & tax requirements so you can focus on your important tasks.
The ATO has set up a new advice portal for small business owners, giving you tips and advice on your finances and business taxes.
Did you know your employees now have a legal ‘right to disconnect’ from after hours work calls and emails?
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In honor of Scam Awareness Week, please find five tips and resources to help you, and your small business stay vigilant against scams and boost your cybersecurity.
Making time to look over your financial reports each month is an important task for any business owner. We have 6 reasons why we recommend you should start.
Opting for a self-managed superannuation fund (SMSF) may give you more control over your investment strategy and allow you to be more agile as a fund in the market
Do you have a plan for where you are heading with your business? It is never too early to think about your exit strategies. See our latest blog for ideas to start your planning.
When time really is money, it’s worth finding ways to reduce tedious and repetitive admin tasks – and better tech is usually the answer. Ready to automate jobs, digitise data and free up time? We can help.
As we head into the new financial year, it's the perfect time to review your Xero file. Xero is a fantastic business tool and can be easy to navigate, but with so many responsibilities as a business owner, things can slip through the cracks.
From spreadsheets to strategies: Discover if DIY accounting or hiring pro suits your business best!
The beginning of a new financial year is quickly approaching. What will you do differently this year to enable your business to thrive? Here are a few ideas to inspire your business planning for a positive start to the year!
A solid budget is the foundation for your company’s financial management and success. Here are 4 ways to stay in control of your business budgeting!
The 2024-25 Federal Budget is out! We’ve highlighted what you need to know for your financial year ahead…
The emergence of AI-driven tools like OpenAI's ChatGPT has captured significant attention, particularly regarding their potential to streamline internal operations and bolster employee productivity. However, amidst this technological surge, does the ascent of AI foreshadow the redundancy of human staff?
Tax time 2024 is fast approaching and with many individuals still working from home partially or completely, this quick guide can assist you with completing the calculations for claiming the deduction.
Using your cloud accounting software to just do the bookkeeping barely scratches the surface. Continue reading to find out how you can get more out of the cloud!
‘Business continuity’ is the process of planning out how your company can continue trading – when disaster hits. Keep reading to find out our top 10 steps to business continuity.
Are you hiring the best talent for your business culture? When hiring a new starter, it is critical to assess that they will fit seamlessly into your business culture… Here’s 5 ways to make sure your next hire is a perfect fit!
Your app stack generates a goldmine of insightful data everyday. Are you getting the most out of what your data can provide for you?
Bookkeeping is a fundamental part of the financial process for any business. Without it, your accounting software has no data to work with. Keep reading for some tips to maximise your bookkeeping.
The ATO is reminding businesses to lodge any overdue taxable payments annual reports for 2022-23 or prior years by 22 March to avoid being penalised.
To maintain a healthy cash flow, you need more than just strong revenue. Improve your small business cash flow by implementing five simple rules.
Carrying out an audit of your business finances is a mandatory requirement for many companies.
Spend management is all about getting in control of your expenses – and, where possible, aiming to reduce the level of costs and overheads that you incur as a company.
Technology is changing how we do business, adopting and integrating these new technologies is essential if you want to remain competitive.
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Tax may be boring, but smart use of tax planning is a superb way to help you do more with your money.
You can spend all day telling people how wonderful and great your product or service is, but what they really want is proof. Ask your most loyal customers to send you a short statement on why they chose you, or what they like about your product or service.
Are you tired of paying rent for your commercial premises and are considering buying property for your business? Owning a building works best if your business is well-established, you have money to invest, and you are taking a long-term approach.
Globally, 4 in 5 employers report difficulty finding the skilled talent they require. So, how do you find the people your business needs? Keep reading for five ways to maximise your prospects of finding the talent you need.
With the new year comes new year’s resolutions. Whether you aim to grow your business or create more personal time, having a clear vision and actionable goals can help you achieve your long-term plans. Here are some tips to get you started.
From creating eye-catching content to using hashtags effectively, this guide will help you build an impactful presence on Instagram.
As the holiday time of year approaches, it can be hard on small business. Is your business cashflow in good health to carry you through? Keep reading for tips to minimise the stress of cashflow over a holiday period so you can have a well deserved break.
As we head into the summer holiday period, we have some tips to help you navigate the sometimes confusing rules on entitlements for public holidays, shutdowns and leave provisions.
As a business owner, you know best of all that running a business is like juggling a dozen balls at once. As your business grows, so do your HR needs. Now WDF can help with your HR requirements.
Do you want to take your business to the next level? Here are 10 questions to ask yourself as a business owner to help position your drive to growth and success.
The countdown to Christmas and the end of year is on. Make sure to consider tax implications as you plan your business end of year function and gifts for employees and valued clients.
Every business starts with an idea. It might be a crazy concept that’s never been done before or a twist on a common product or service. It might be something everyone will want, or it might fill a tiny niche in the market. There’s no single way to find the best business idea – it’s about finding the one that suits you best. So how do you do that?
No doubt we’ve all experienced working in ‘good’ places and ‘not-so-good’ places. The work environment is one of the top reasons people leave their jobs. There are a lot of good business reasons to focus on creating a positive culture in your company. Keep reading for tips on how to develop and maintain a good company culture.
Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. Learning about the relationship between costs and revenue can assist you in making better business decisions.