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What to do if you have to complete a tax audit?
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, don't...
What’s the difference between a quote and an estimate?
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 estimate...
6 Tips for getting rid of slow moving stock
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...