by Peter McCarthy | Apr 6, 2021 | Business Management
No business owner wants an audit letter from the dreaded taxman demanding a closer look at the books. If you’ve received an audit letter, an official request by the Australian Taxation Office to review your accounts and confirm your taxes have been paid to date,...
by Peter McCarthy | Apr 6, 2021 | Business Management
The nature of some businesses can make it challenging to come up with a standard price list. For instance, for tradespeople and freelancers, what’s required in terms of time, labour, skill, and materials frequently vary. from job to job. Offering a quote or...
by Peter McCarthy | Apr 5, 2021 | Business Management
Stale inventory can be a costly nuisance for any business owner. The general rule of thumb is to sell the stock taking up space on your sale floor within 90 days. After the 90 day, mark stale stock becomes dead stock. Products become much harder to move and almost...
by Peter McCarthy | Apr 5, 2021 | Business Management
For small business owners, the risk of fraud and data breaches is high. Taking all of the necessary steps to protect your sensitive data should be a must. Unfortunately for many entrepreneurs, deciding to increase their company’s data protection comes too late –...
by Peter McCarthy | Apr 5, 2021 | Business Management
There are some things in life that go together well, and then others that definitely do not. Personal and business finances are in the category of items that should not be mixed. Although it may seem complicated to keep them separate, who wants to manage all those...
by Peter McCarthy | Apr 5, 2021 | Business Management
Nobody ever wants their business to fail. It is also impossible to predict the future with 100% accuracy. Having a cash flow forecast can be a tool that will help you to prepare for many different scenarios that can occur in the future. To put it simply, cash flow...
