I recently read Rich Dad Poor Dad by Robert Kiyosaki, a book widely considered to be the number #1 personal finance ‘bible’ of all time. In one chapter Kiyosaki poses the question: “How do you determine if you are an employee or an entrepreneur?” In his opinion, an ‘employee’ who…
A handy tip for small businesses The Australian Tax Office (ATO) only allows deductions for superannuation payments which are actually paid on or prior to the 30th of June. If you are looking at minimising your tax liability, it is recommended that businesses try and process their June quarter Superannuation…
No-one likes dealing in Bad Debts, and it’s definitely a case of “Prevention is better than cure”. Cash Flow is important for any business and for Small Businesses in particular, it is often tight. Bad Debts push this even further. The ATO published a story titled “Protect yourself from illegal…
Did you know Long Service Leave is an entitlement for your casual workers in a similar way to permanent staff? Casual labour provides the flexibility needed to help ease the burden of peaks and troughs experienced by businesses. There is a direct and instant relationship between revenue, the outputs required, and…
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