Many businesses operate under the assumption that keeping good books is something that can be handled internally by their staff. The only problem is, if these staff aren't trained accountants, they're prone to make a whole host of mistakes when
As a small business owner, choosing an accountant can seem like a daunting decision; but it doesn’t have to be if you follow these 4 simple tips. 1. What are your business needs? This is perhaps the most important factor in choosing
As a small business owner, payroll requirements can be daunting, but with some careful planning, you can avoid some common mistakes. Planning and organisation will not only mean that your staff are paid when they're supposed to be, but you’ll
Even though it’s the most critical part of any business, setting a budget can be a challenge if you’re a small business owner. Here are 5 common budgeting mistakes many small business owners make, and tips on how to avoid them. 1.
Breaking away from a salaried, stable job to become an entrepreneur can seem like one of the scariest career moves possible. With so many factors to think about such as turning a profit, hiring staff and making the business sustainable,
Sales forecasting is an essential element of budgeting, meaning you need to get it right if you want your business to succeed.
When you aren't sure what you're doing, bookkeeping can seem like such a chore. Make sure you are doing it right by adopting these five habits that will make your life easier when it comes to keeping the books in
When you're a startup it's relatively easy to manage your payroll, but as your small business grows and you gain more employees, payroll can become a real drain on your time. If you're struggling to keep on top of your
Does your company employ 20 or more people? From 1st July 2018 onwards, you will have been subject to Single Touch Payroll legislation. And, if you're a small business which employs just a handful of people, you will be subject to
As an entrepreneur, developing an effective business strategy is vital to secure funding, launch your business and target consumers. Unfortunately, a few mistakes can derail your entire approach. Here are five mistakes commonly made in business strategy. Style over strategy Can you