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How To Avoid Trouble With The ATO
How To Avoid Trouble With The ATO
Natasha Hawker: What's your view of the ATO now? You were pretty impressed with them when we spoke last time - how do you think they've managed this?
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A Lot Of Businesses Make This Bookkeeping Mistake
A Lot Of Businesses Make This Bookkeeping Mistake
One mistake I see a lot of businesses make, is the lack of reviews they perform on their bookkeepers’ work. Every single month I go through what our bookkeeper has prepared, and make sure it lines up with the story from the last month in my head.
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The #1 Way To Keep Track Of Your Cashflow
The #1 Way To Keep Track Of Your Cashflow
I don't want this to sound harder than it is, because it's not super simple, but it's not super complex either. But when it comes to keeping an eye on cashflow, my best tip is to actually do a budget.
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Daily, Weekly, Monthly & Quarterly Reports
Daily, Weekly, Monthly & Quarterly Reports
Reporting allows business owners to look at what's happened in the past, and what we need to keep in mind or adjust to go forward.
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How To Find A Good Bookkeeper
How To Find A Good Bookkeeper
If you’ve never had a bookkeeper before, a good question is “How do I find a good one?”.
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How To Calculate Your Magic Sales Number
How To Calculate Your Magic Sales Number
A ‘magic number’ is our term for how much money you need to hit in sales each week, or each day. For example, let's say you're running a hair salon, you might want your team to work towards a daily target because you're a high-transaction business...
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What Is An Ungeared Unit Trust?
What Is An Ungeared Unit Trust?
An Ungeared Unit Trust may or may not be perfect for your development or your property holding, but it does allow multiple owners, including super (even your own super).
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The Most Important Number To Know In Business
The Most Important Number To Know In Business
The most important number to know in business is what I actually call our “magic number”, and we do it internally at Inspire.
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'You Get What You Pay For' Also Applies To Bookkeepers
'You Get What You Pay For' Also Applies To Bookkeepers
A common thing that I see is business owners may not know enough to outsource this component appropriately, and they might put too much trust in a bookkeeper who doesn't have the skillset to be able to offer advice to that client. We typically see...
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Tax Structures Of Business vs Capital Developments
Tax Structures Of Business vs Capital Developments
When comparing Business vs Capital developments, It's not black and white when it comes to legislation. There’s a lot of case law that supports arguments either way. Unfortunately, you get a worse tax outcome with business - but that's what's going...
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